Reports And Data

Market Size – USD 1.71Billion in 2018, Market Growth - CAGR of 32.6%, Market Trends – The rising demand for Computerized Cognitive Assessment.

NEW YORK, NY, UNITED STATES, April 6, 2022 /EINPresswire.com/ -- The Global Cognitive Assessment and Training [CA&T] in Healthcare Market is forecast to reach USD 16.45 Billion by 2026, according to a new report by Reports and Data. The market is predicted to witness a significant growth during the forecast period. The rising awareness about mental health and its overall impact on the wellbeing of an individual is an integral factor supporting the market growth. Various other factors are spurring the market growth. One of these mentionable factors is, since 2016, various companies providing cognitive training services and products have come to the forefront and marketed their services & products to be capable of enhancing memory among adults, prevent Alzheimer's and dementia. In 2017, moderate strength evidence was found by National Academies of Sciences, Engineering, and Medicine that indicated the fact that cognitive training has a positive impact on preventing dementia and cognitive decline with growing age. In 2018, cognitive training has been incorporated in the guidelines for the treatment of mild cognitive impairment by the American Academy of Neurology.

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The associated between these positive evidences of cognitive training and prevention of cognitive impairment results in propelling the market growth. Cognitive interventions can be grouped into three types- cognitive stimulation, cognitive rehabilitation, and cognitive training. In the cognitive training, intervention is made in a care user's care plan, wherein he/she is provided with structured practice on tasks related to the issues of cognitive functioning that has a direct impact on the cognitive impairment. Thus, with the help of these interventions, the progression of cognitive impairments like dementia can be prevented. In regards to region, Europe occupies an integral market share. It is attributed to the continuous rise in geriatric population, rising investment in healthcare researches, and innovation. 

Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth

Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, growing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.

Top Players in the Global Cognitive Assessment and Training in Healthcare Market:

Bracket, Cambridge Cognition Ltd., Quest Diagnostics, Medavante Inc., Neurocog Trials, Cogstate Ltd., Prophase, LLC, ERT Clinical, Cognifit and Brain Resource Company.

The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.  

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Cognitive Assessment and Training in Healthcare Market Segmentation:

Component Type Outlook (Revenue, USD Million; 2020-2026)

Services
Solution

Assessment Type Outlook (Revenue, USD Million; 2020-2026)

Biometrics Assessment
Pen and Paper Based-Assessment
Computerized Cognitive Assessment
Others

Application Type Outlook (Revenue, USD Million; 2020-2026)

Screening and Diagnostics
Clinical Trials
Academic Research
Brain Training
Others

Global Cognitive Assessment and Training in Healthcare Market Report: Regional Segmentation

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
A.E.
South Africa
Rest of MEA

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Global Cognitive Assessment and Training in Healthcare Market: Table of Contents

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

       1.4.1. Primary Sources

       1.4.2. Secondary Sources

       1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

Chapter 3. Key Insights

Chapter 4. Global Pharma & Healthcare Market Segmentation 

4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis

4.2. Industrial Outlook

       4.2.1. Market indicators analysis

       4.2.2. Market drivers’ analysis

       4.2.3. Market restraints analysis

 4.3. Technological Insights

 4.4. Porter’s Five Forces Analysis

 4.5. Regulatory Framework

 4.6. Price trend Analysis

 4.7. Competitive Metric Space Analysis

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Frequently Asked Questions Answered in the Report:

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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