Market Research Report
Global Cognitive Assessment and Training in Healthcare Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||539048|
|Published||Content info||190 Pages
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|Global Cognitive Assessment and Training in Healthcare Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023|
|Published: July 18, 2017||Content info: 190 Pages||
The global cognitive assessment and training in healthcare is growing with a CAGR of around 33.8% during the forecast period (2016-2023). Cognitive assessment and training is a suitable assessment of one's psychological behaviour. It also accesses speed of information processing. Cognitive assessment and training aids an individual in defining, assessing and focusing on specific needs more proficiently. The analysis subsequently cognitive assessment can be valuable for several functions such as early detection of dementia and cognitive training of individuals among population. The major driving factor of the global cognitive assessment and training in healthcare are rising aging population, brain fitness awareness and development in technology. Time restraints in emerging clinically validated brain fitness software and stringent government regulation are the major restraining factor of the global cognitive assessment and training in healthcare market. Increasing use of modern cognitive assessment and training tools and increase in the demand for the improved brain fitness is the major opportunity for the market.
Increasing use of modern cognitive assessment and training tools drives the global cognitive assessment and training in healthcare, such as advanced Neuro-diagnostic devices are likely to access cognitive functions in an effective manner. In the year 2015 United States food and drug association approved new and recently tools to assess and monitor cognition objective to make in office assessment simpler and faster, such as Cognivue by Cerebral Assessment Systems Inc. which is a computer based tool designed to easy access, monitor and measure brain function to detect early sign of dementia. According to the dementia statistics organization in the United Kingdom around one million people have dementia by the year 2025. The rise in the dementia is also acting as a major driver of the market.
On the basis of segmentation, the global cognitive assessment and training in healthcare market is segmentation into assessment type, component and application. The assessment type is sub segmented into pen and paper assessment, hosted assessment, and biometrics assessment. The component segmented is further divided into solution and services. The application segment is sub segmented into clinical trials, screening & diagnostic, brain training, and academic research and others. Screening tests are employed for the detection of cognitive impairment. Early detection of cognitive disorders permits patients to yield timely action and access to the available non-drug and drug treatments that may recover cognition.
On the basis of the geography, North America is anticipated to have be the major market share and dominate the market during in the year 2016. As the large number of vendors offers cognitive assessment and training in healthcare, owing to rising increased awareness among population and increasing demand for enhancing neuroplasticity of brain. Moreover, according to the Alzheimer's Association organization, in America Alzheimer's disease is growing with a fast pace, it is estimated that around 5.5 million Americans are living with Alzheimer dementia in the year 2017. The major player of the global cognitive assessment and training in healthcare market are Bracket, Cambridge Cognition Ltd, Cogstate Ltd, Medavante Inc, Neurocog Trials, Pearson Assessment, Quest diagnostics, Savonix, Cognifit, ERT clinical and others. These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch in the global cognitive assessment and training in healthcare market.