Market Research Report
Cognitive Assessment and Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Cognitive Assessment and Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: June 15, 2021
IMARC Services Private Limited
Content info: 144 Pages
Delivery time: 2-3 business days
The global cognitive assessment and training market exhibited strong growth during 2015-2020. Cognitive assessment and training solutions are used for detecting the signs of cognitive impairment in the early stages. These solutions are primarily utilized for conducting a formal assessment of the patient's psychological functioning and the speed of information processing. These impairments can be caused by old age, neural disorders and exposure to drugs or medicines. The solutions integrate various tools for assessment, data analysis and management that aid in cognitive training, sports management and early detection of dementia in individuals. They are administered during clinical trials, classroom sessions, corporate teaching, research, brain training and diagnostics.
The market is primarily being driven by the growing geriatric population and increasing awareness regarding the importance of maintaining brain fitness. The rising prevalence of dementia among the elderly is facilitating the adoption of cognitive assessment and training solutions as they enable easy and effective diagnosis and treatment of the disorder. Increasing utilization of the solutions to detect learning difficulties and disabilities, such as dyslexia and dyscalculia in children, is acting as another growth-inducing factor. Additionally, various technological advancements in the healthcare industry and the rising adoption of mobile-based IT systems are also providing a boost to the market growth. For instance, computerized cognitive assessments provide automated scoring, which aids in enhancing the detection accuracy and minimizing the chances of human error. Other factors, including rising healthcare expenditure and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the global cognitive assessment and training market to grow at a CAGR of around 22% during the forecast period (2021-2026).