A cognitive assessment refers to an examination to determine someone’s level of cognitive function. To determine the cognitive injury, mental health professional neurologists or education professional administers cognitive assessment test. Cognitive assessment and training is a proper assessment of one’s psychological purposes and speed of information processing. Cognitive assessment method of assessment aids an individual in defining, assessing and focusing on individual requirements more proficiently. Cognitive injury can arise in late adulthood or early childhood. There are numerous disorders for it, such as irreversible or reversible condition. Primary causes may comprise prenatal drug exposure, malnutrition, chromosome abnormalities and genetic syndromes. The brain holds its neuroplasticity till late adulthood; consequently, there has been a rising demand for cognitive assessment and training. The global cognitive assessment and training in healthcare is growing with a CAGR (Compound Annual Growth Rate) of around 33.8% during the forecast period (2016-2023). Advancement in technology is trending in the global cognitive assessment and training in healthcare market. For example; Quest diagnostics a clinical laboratory service provider in the year 2017 launched an iPad app CogniSense™, a cognitive assessment test which permits healthcare providers to quickly and objectively access a patient’s cognitive health. The major driving factor of the global cognitive assessment and training in healthcare are rising aging population, brain fitness awareness, and development in technology.
The rising Alzheimer cases majorly driven the global cognitive assessment and training in healthcare, as the number of cases of dementia is rising across the world, a dementia is a broad category of brain diseases. According to Alzheimer’s disease international organization, it is estimated that in the world around 46.8 million people were living with dementia in the year 2015 and this number is expected to be adjacent to 50 million people in the year 2017. This number expects to be almost double in every 20 years, which is anticipated to be around 75 million in the year 2030 and 131.5 million in the year 2050. Considerable increase is expected to be in emerging countries. In the year 2016 around 58% of people with dementia live in middle and low-income nations, nevertheless by the year 2050 this will increase to around 68%. It is estimated that around 9.9 million new cases of dementia every year across the globe, and implying one new case in every 3.2 seconds. The total estimated cost across the world of dementia is around $818 billion in the year 2015 which is around 1.09% of global. The global cost of dementia by the year 2018 is expected to be more than $ trillion.
Source: OBRC Analysis.
The report on global cognitive assessment and training in healthcare market includes assessment type, component and applications.
Assessment type is segmented into:
- Pen and paper-assessment
- Hosted assessment
- Biometrics assessment
Component is segmented into:
- Solution
- Services
Application segment is segmented into:
- Clinical trials
- Screening and diagnostics
- Brain training
- Academic research
- Others
The report scope is widely categorized on the basis of its assessment type which include pen and paper-assessment, hosted assessment, biometrics assessment. Moreover, the market revenue estimates and forecast includes solution and services.
The global cognitive assessment and training in healthcare report has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
On the basis of the geography, North America is projected to have the major market share and dominate the market during in the year 2016. As the large number of vendors offers cognitive assessment and training in healthcare, the united states in the global cognitive assessment and training in healthcare market holds most of market share in terms of revenue and the adoption in the North America region, owing to rising increased awareness among population and increasing demand for enhancing neuroplasticity of brain. Moreover, according to the Alzheimer's Association organization, in America Alzheimer's disease is growing with a fast pace, it is estimated that around 5.5 million Americans are living with Alzheimer dementia in the year 2017. In the United States Alzheimer's disease is the sixth-leading reason of death. It is the fifth-leading source of death among those age 65 and older or above and a foremost cause of poor health and disability.
Global cognitive assessment and training in healthcare market report covers segmentation analysis of assessment type, component and application. Report further covers segments of assessment type which includes pen and paper-assessment, hosted assessment and biometrics assessment. Pen and paper based assessment is anticipated to contribute the maximum revenue among other assessment type methods during the forecast period. Pen- and paper-based assessment is a conventional method for determining the cognitive behaviour of an individual and remains mainly the standard for the assessment of cognitive weakening.
The major market players of the Global cognitive assessment and training in healthcare market are:
- BRACKET
- CAMBRIDGE COGNITION LTD
- COGSTATE LTD
- MEDAVANTE INC 8
- NEUROCOG TRIALS
- PEARSON ASSESSMENT
- QUEST DIAGNOSTICS
- Others
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product launch is the key strategy adopted by the companies in the Global cognitive assessment and training in healthcare market.
For example: MedAvante Inc., which offers enabled solutions in clinical trials in the year 2015 releases novel software for the Virgil investigative study platform. Virgil platform is advanced technology with more advantages for clinical studies as compare to any other technology solution, also employed in the treatments for psychiatric disorders and Alzheimer's disease.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in cognitive assessment and training in healthcare.
Key reason to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023.
- Report includes detailed analysis of different segments such as assessment type, component and applications of Global cognitive assessment and training in healthcare market
- Identify and understand the strength, opportunities, challenges and threat of the Global cognitive assessment and training in healthcare market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, competitive landscape analysis of major players of Global cognitive assessment and training in healthcare market.
- Detailed analysis of various the regulatory policies which are affecting the Global cognitive assessment and training in healthcare market.
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At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global cognitive assessment and training in healthcare market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the Global cognitive assessment and training in healthcare market, with giving extensive SCOT analysis of key companies.
Key findings of the global cognitive assessment and training in healthcare market.
- Rising Alzheimer cases in the global cognitive assessment and training in healthcare market.
- North America held highest revenue share in 2016.
- Pen and paper based assessment segment held the large revenue share in 2016.
- Acquisition is the key strategy adopted by players of global cognitive assessment and training in healthcare market.