Cognitive assessment and training modules have become a sought-after solution for evaluating the intellectual capability of an individual. Demand for such solutions has grown consistently in recent years. Market Research Future (MRFR’s) latest report reveals that the global Cognitive Assessment and Training Market will surge at a compound annual growth rate of 27.1% during the forecast period (2020-2030).
Cognitive assessment is increasingly used for determining an individual’s grasping power, learning ability, concentration span and various other psychological attributes. Its also being leveraged to understand and study the metal status of people in order to tackle issues of depression and emotional stress. Cognitive training can help overcoming various psychological barriers and improve mental strength. These assessment and training modules vary depending on the age and mental status of as individual. From a teenager to and elderly person, cognitive assessment is being the utilized to understand mental strength of individuals belonging from different age group. It can also help students who face learning difficulties or have disorders such as dyscalculia and dyslexia. The aforementioned factors are reflecting favourably on the global cognitive assessment and training market. Efficient brain training is viewed as an important part of developing the intellectual capacity of human being further, where cognitive assessment and training can play a pivotal role.
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Global Cognitive Assessment and Training Market: Competitive Landscape
MRFR’s in it repot has profiled some of the leading market players, including Cogstate Ltd. (U.S.), Medavante, Inc. (U.S.), ProPhase, LLC (U.S.), Pearson Education (U.K), Cambridge Cognition Ltd. (U.K), Eresearchtechnology Inc. (U.S.), Bracket Global (U.S.), Neurocog Trials, Inc. (U.S.), Quest Diagnostics, Inc. (U.S.), and Cognifit (U.S.). Among these, Cognifit and Pearson exhibit a more distinct performance. They are also the top two market players and have superior expertise in providing assessment and training services and solutions.
Global Cognitive Assessment and Training Market: Segmental Analysis
MRFR’s report also includes an in-depth segmental analysis of the global cognitive assessment and training market based on vertical, application, assessment type and components. By vertical, the market has been segmented into healthcare, education, defence, corporate, sport and pharmaceuticals. By application, the market has been segmented into classroom learning, brain training, corporate learning, clinical trial, and research. By assessment type, the market has been segmented into hosted assessment, biometric assessment and pen paper-based assessment. By component the global cognitive assessment and training market has been segmented into solution and services.
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On the basis of region, the global cognitive assessment and training market has been segmented into North America, Asia Pacific, Europe and Rest of the world (RoW). North America is found to be a highly attractive market for cognitive assessment and training. The U.S. and Canada present lucrative opportunities for market players as these countries are quick to adopt to innovative services and solutions that can improve mankind’s progress and boost further development. Moreover, the presence of advanced infrastructure facilitates a fast deployment of latest technologies. Meanwhile, Europe is expected to remain the second largest market for cognitive assessment and training during the forecast period. The region is home to numerous advanced economies such as Germany, France and the U.K. who collectively represent a major market. Despite the ongoing economic fluctuations brought upon by several startling political decisions made in recent past, Europe remains a key destination for market players.