Cognitive Assessment & Training Market is estimated to grow with 25% CAGR during forecast period 2017-2023

Pune, India, November 6, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on cognitive assessment & training market.

Market Highlights

In this rapidly changing world of technology, cognitive assessment & training market is projected to show major growth prospects during the forecast period. Major factor driving the cognitive assessment & training market is the increasing awareness for brain fitness. Increasing demand for cognitive assessment & training across various industry verticals is another major factor responsible for fueling the growth of cognitive assessment & training market.

The global cognitive assessment & training market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the cognitive assessment & training market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of cognitive assessment & training market owing to the presence of a large number of established key players like Cogstate Ltd., Bracket global, Medavante, Inc., Quest Diagnostics, Inc., Prophase, LLC and Cognifit in that region. Due to the growing number of vendors providing cognitive assessment and training services in the region, the cognitive assessment and training market is showing immense growth in the coming future. In addition to this, North America also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing need for innovations and advancements in technology are other major factors responsible for driving the growth of cognitive assessment & training market.  In the global cognitive assessment & training market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions.

The cognitive assessment & training market is growing rapidly over 25% of CAGR and is expected to reach at approx. USD 9 Billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Cognitive Assessment & Training Market Research Report-Forecast to 2023”.

Cognitive Assessment & Training Market Segmentation

The cognitive assessment & training market has been segmented on the basis of component, assessment type, application and vertical. The component segment is bifurcated into solution and services. The assessment type segment is further bifurcated into hosted assessment, biometric assessment and pen & paper based assessment. Growing emphasis on quality education is one major factor driving the growth of cognitive assessment and training market.

The prominent players in the cognitive assessment & training market are – Cambridge Cognition Ltd. (U.K), Cogstate Ltd. (U.S.), Bracket Global (U.S.), Medavante, Inc. (U.S.), Quest Diagnostics, Inc. (U.S.), Prophase, Llc (U.S.), Cognifit (U.S.), Eresearchtechnology Inc. (U.S.), Neurocog Trials, Inc. (U.S.), and Pearson Education (U.K).

Market Research Analysis:

It has been observed that North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The major growth in cognitive assessment & training market in North America is attributed to technological advancements and increasing demand for cognitive assessment & training solutions and services across different industry verticals in that region. The U.S. holds a majority of the market share of cognitive assessment and training market both in terms of revenue as well as adoption. People are more concerned towards the benefits of cognitive training and assessment and the aging population is more vulnerable to cognitive diseases in the region. Owing to this, there is a rapid growth in the market share of cognitive assessment and training.