The Asia Pacific Cognitive Assessment & Training Market would witness market growth of 28.8% CAGR during the forecast period (2020-2026). The cognitive assessment & training market is majorly driven by the increasing geriatric population and rising awareness regarding the need for maintaining brain fitness. The increasing prevalence of dementia among the elder generation is helping in the adoption of cognitive assessment and training solutions because it provides easy and effective diagnosis and treatment for the disease.
The rise in the use of the solution in detecting learning difficulties and disabilities like dyslexia is acting as a driver for the market. In addition, many technological advancements in the healthcare sector and the increasing adoption of mobile-based IT systems are also boosting the growth of the market. For example, computerized cognitive assessments offer automated scoring that helps in improving the detection accuracy and minimize human errors. Some other factors that drive the market are extensive research and development (R&D) activities and rising healthcare expenditure.
Due to the COVID-19 pandemic, the cognitive assessment and training providing companies have witnessed a decline in the market growth during this period of time. Although, the selection of work from home results in eLearning and health, is expected to increase the adoption of the cognitive assessment and training solutions and the market is also expected to observe a drop in this year, followed by positive growth. However, the increasing demand for enhanced brain fitness and an increasing number of potential market players that raise the competition to provide value-added solutions, are anticipated to offer better opportunities for the cognitive assessment and training market.
Based on Component, the market is segmented into Solution and Services. Solutions Segment is further bifurcated into Assessment & Data Management, Data Analysis & Reporting and Cognitive Training & Others. Based on Application, the market is segmented into Clinical Trials, Research, Learning and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End User, the market is segmented into Healthcare & Life Sciences, Education, Corporate and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Cognitive Assessment & Training Market in Asia Pacific is expected to register a CAGR of 28.8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Quest Diagnostics, Incorporated, Koninklijke Philips N.V.Cambridge Cognition Holdings PLC, Cogstate Ltd., WCG IRB (Medavante, Inc.), Cognifit, Inc., eResearch Technology, Inc., Lumos Labs, Inc. (Lumosity), Signant Health and Brain Resource Ltd.
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Companies Profiled
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