The Europe Cognitive Assessment & Training Market would witness market growth of 25.7% CAGR during the forecast period (2020-2026). The increasing adoption of gamification for cognitive assessment is majorly driving the global cognitive assessment and training market. Gamification is the latest trend that focuses on combining game mechanics to non-game settings for more audience engagement and adds some fun into normal activities other than creating motivational and cognitive benefits. Many sectors like education and corporate have used gamification for availing its benefit in their sector.
The increasing awareness for brain fitness and the continuous advancement of technology in the healthcare industry are some of the important factors that boost the market growth. However, the increasing older population and increasing healthcare spending are expected to drive the cognitive assessment and training market during the forecast period. Moreover, dementia is the most common neurological disease across the world and the capability of the solution to recognize this neurological disease is supporting the growth of the market.
Although, some strict government regulations, globally, and some negative reports about brain training efficiency will restrict the growth of the market. Time is taken in developing clinically validated brain training solutions will also restrict market growth. Many organizations are working to raise brain fitness by improving the number of developing solutions and applications to enhance neuroplasticity. However, organizations need to take clinical permissions for the launch of the products for consumer use, after the development of these brain training solutions.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Cognitive Assessment & Training Market in Europe is expected to register a CAGR of 25.7% 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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