End customers, medical practitioners, and educational professionals will remain the major market for cognitive assessment and training solutions.
Dallas, TX (PRWEB) July 12, 2014
In this cognitive assessment and training market research report, ‘cognitive assessment and training’ is defined as solution that is able to monitor, assess, train, or enhance cognitive functions. These solutions are applied for several uses such as in dementia screening, clinical trials, driver’s safety, rehabilitation, academic research, concussion management, classroom learning, self assessment, brain training, and employers’ assessment and training by end customers. Furthermore, professionals across verticals such as sports, healthcare, pharmaceutical, education, defense, and many others also use these solutions. The market sizes take into consideration the estimated revenue generated from the analysis of traditional pen and paper-based cognitive assessment by medical practitioners and professionals from other verticals as well as from the cognitive assessment and training products available in the form of software/hosted assessment and training tools and hardware (via innovative medical instruments and biometrics) available in the market. Complete report is available at http://www.lifescienceindustryresearch.com/cognitive-assessment-and-training-market-dementia-screening-clinical-trials-classroom-learning-brain-training-cognitive-abilities-test-cogat-cat-concussion-management-academic-research-worl.html.
The cognitive assessment and training market is estimated to grow from $1,711.2 million in 2013 to $5,721.2 million in 2018, at a Compound Annual Growth Rate (CAGR) of 27.3% from 2013 to 2018. In the current scenario, healthcare vertical continues to be the largest contributor for cognitive assessment and training solutions. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while the APAC region is expected to experience increased market traction, in due course.
A few high growth markets are the following:
- Dementia screening: Growing need for early detection of dementia across multiple regions
- Concussion management: Increase in number of athletes and defense personnel facing concussion
- Employers’ assessment and training: For the purpose of recruitment decisions or for the enhancement of the mental performance of their employees
- Innovative medical instruments and biometrics: Increase in number of companies providing innovative hardware to measure, assess, monitor, or train psychological responses linked to neuro-cognitive functioning
Companies profiled in global cognitive assessment and training market report include Bracket Global, Brain Resource, Cambridge Cognition, CNS Vital Signs, Cogstate, Ctb/Mc Graw Hill, GL Assessments, Impact, Lumosity, Neurosky, Neurotrax, Pearson Assessments, Posit Science and The Cognition Group. Key innovators mentioned in this research are Anthrotronix, Beemedic, Emotiv, Happy Neuron, Neuroscan, Play Attention, Smart Brain Technologies and Vivity Labs (Rosetta Stone). Order a copy of this report at http://www.lifescienceindustryresearch.com/purchase?rname=7785.
Solution providers such as Pearson Assessments, Cogstate, Cambridge Cognition, Lumosity, Posit Science, Bracket Global, CNS Vital Signs and many others are expected to continue to leverage opportunities across multiple regions via providing innovative cognitive assessment and training solutions. End customers, medical practitioners, and educational professionals will remain the major market for cognitive assessment and training solutions.
Majority of the challenges in this market are specific to the constant research required and increasing need for tests in multiple languages because in order to build tests that can cater to verticals such as healthcare, education, pharmaceutical, as well as for applications such as cognitive training, employers’ assessment and training, uninterrupted funding in research is needed to build and improve tests, which are adaptable and can give flawless subjective results and recommendations to each individual. Also, for companies catering to sectors such as healthcare, education, pharmaceutical, and HR, global expansion on a large scale is only possible if they have a portfolio of tests present in multiple languages so that they can cater to specific requirements of each individual or organization present anywhere across the globe.
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