The cognitive assessment and training in healthcare market size is expected to see exponential growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 29.6%. The growth in the forecast period can be attributed to integration with aiops, hybrid and multi-cloud environments, focus on explainable ai, enhanced predictive analytics, integration with edge computing. Major trends in the forecast period include advancements in ai and ml technologies, strategic role in digital transformation, intent-based networking (ibn), autonomous operations, aiops for it operations.
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Scope Of Cognitive Assessment And Training In Healthcare Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cognitive Assessment And Training In Healthcare Market Overview
Market Drivers –
The increasing incidence of dementia is expected to propel the growth of cognitive assessment and training in the healthcare market going forward. Dementia is a category of neurological disorders characterized by a decline in cognitive functions such as memory, thinking, problem-solving, language, and the ability to perform everyday activities. Cognitive assessment tools help detect early signs of cognitive impairment, which can be indicative of dementia, and are also used to monitor the progression of dementia and track changes in cognitive function over time. It can help healthcare providers adjust treatment plans and provide appropriate support as the disease progresses. For instance, in June 2023, according to Alzheimer’s Research UK, a UK-based charity organization, it is estimated that by 2040, over 1.2 million people in the UK will be living with dementia, which represents a significant increase in prevalence, amounting to a 30% rise from the numbers recorded in 2022. Therefore, the increasing incidence of dementia will drive the growth of cognitive assessment and training in the healthcare market.
Market Trends –
Major companies operating in cognitive assessment and training in the healthcare market are focused on developing innovative products with advanced technologies such as artificial intelligence (AI) to enhance the accuracy and personalization of cognitive assessments, enabling more effective and tailored cognitive training programs for patients. Artificial intelligence in cognitive assessment and training in healthcare tools are AI-powered cognitive assessment tools utilized to provide personalized insights and deliver tailored cognitive training programs for individuals, optimizing cognitive health and well-being. For instance, in February 2023, Cognetivity Neurosciences Ltd., a UK-based medical technology company, introduced CognICA, a brain health screening platform powered by artificial intelligence (AI) and machine learning (ML) techniques. It is designed to assess and monitor brain health and is used in medical, commercial, and consumer environments. It enables the early detection of cognitive impairment, allowing for timely interventions and long-term treatment management.
The cognitive assessment and training in healthcare market covered in this report is segmented –
1) By Component: Solution, Services
2) By Technology: Pen And Paper Based Assessment, Hosted Assessment And Training Tools, Biometrics
3) By Application: Screening And Diagnostics, Clinical Trial, Brain Training, Other Applications
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Regional Insights –
North America was the largest region in the cognitive assessment and training in the healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive assessment and training in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cognitive assessment and training in healthcare market report are Signant Health Private Limited, Clario Inc., WIRB-Copernicus Group, WIRB-Copernicus Group, Tecsys Inc., Cognitivescale, Cogstate Ltd., Cognetivity Neurosciences Ltd., MedAvante Inc., Terso Solutions Inc., CogniFit Inc., Akili Inc., BrainScope Company Inc., Cambridge Cognition Ltd., Quest Diagnostics Incorporated, NeuroNation, Wysa Ltd., Brain Resource Company, CNS Vital Signs LLC, Brackets Inc. , Happify Inc., Pear Therapeutics Inc., Total Brain Ltd., Fit Brains Ltd., Posit Science Corporation, Epicor Software Corporation
Table of Contents
1. Executive Summary
2. Cognitive Assessment And Training In Healthcare Market Report Structure
3. Cognitive Assessment And Training In Healthcare Market Trends And Strategies
4. Cognitive Assessment And Training In Healthcare Market – Macro Economic Scenario
5. Cognitive Assessment And Training In Healthcare Market Size And Growth
…..
27. Cognitive Assessment And Training In Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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