Neurocognitive rehabilitation refers to therapeutic interventions aimed at diagnosing and treating cognitive impairments caused by neurological conditions, brain injuries, or psychological disorders. It involves a series of standardized tests and clinical evaluations designed to measure cognitive functions such as memory, attention, language, and problem-solving skills.
Sizing and Forecast
The neurocognitive assessment and rehabilitation market size has grown strongly in recent years. It will grow from $12.26 billion in 2023 to $13.40 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to an increased incidence of neurocognitive disorders, an aging population, increased awareness, and education, healthcare policy and funding, improved diagnostic techniques, and a rise in mental health issues.
The neurocognitive assessment and rehabilitation market size is expected to see strong growth in the next few years. It will grow to $19.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to personalized medicine approaches, corporate wellness programs, technological advancements, insurance coverage and reimbursement improvements, and integration with telehealth. Major trends in the forecast period include wearable technology adoption, regenerative medicine, and neuroplasticity research, personalized rehabilitation programs, virtual reality (VR) and augmented reality (AR) utilization, and interdisciplinary approaches.
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Segmentation & Regional Insights
The neurocognitive assessment and rehabilitation market covered in this report is segmented –
1) By Components: Neurocognitive Assessment Testing, Neurorehabilitation Therapy
2) By Providers: Rehab Centers, Hospital And Clinics, Homecare Settings, Physiotherapy Centers
3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
North America was the largest region in the neurocognitive assessment and rehabilitation market in 2023. The regions covered in the neurocognitive assessment and rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of neurological disorders is expected to propel the growth of the neurocognitive assessment and rehabilitation market going forward. Neurological disorders are medical conditions that affect the nervous system, including the brain, spinal cord, and nerves, leading to symptoms such as muscle weakness, coordination problems, and cognitive impairments. Neurological disorders can be attributed to a combination of factors with an aging population and the prevalence of age-related conditions such as Alzheimer’s disease and Parkinson’s disease. Neurocognitive assessment provides insights into cognitive function, aiding in diagnosis and treatment planning for neurological disorders, while rehabilitation interventions aim to optimize neural functioning and enhance quality of life through targeted therapies and strategies. For instance, in February 2021, according to the Alzheimer’s Association, a US-based voluntary health organization, the prevalence of Alzheimer’s dementia, a neurological disorder, among US individuals people aged 85 and older is projected to reach 2.4 million people in 2024, and expected to rise further to 6.7 million by 2060. Therefore, the increasing prevalence of neurological disorders drives the growth of the neurocognitive assessment and rehabilitation market.
Key Industry Players
Major companies operating in the neurocognitive assessment and rehabilitation market are Cogstate Ltd, Posit Science Corporation, Lumos Labs Inc., The Magstim Company Ltd, MindMaze SA, CogniFit Inc, Cambridge Cognition Holdings plc, ImPACT Applications Inc., Neurotrack Technologies Inc., Neuroelectrics Corporation, SCHUHFRIED GmbH, Constant Therapy Health Inc., NeuronUP S.L., Qbtech AB, Neurometrix Inc., CogniVue Corporation, Neurohealth Associates LLP , BrainTrain Inc., NeuroEM Therapeutics Inc., HASOMED GmbH, Neurosoft Bioelectronics Corporation, AnthroTronix Inc., Flow Neuroscience AB, NPsych Limited
The neurocognitive assessment and rehabilitation market report table of contents includes:
1. Executive Summary
2. Neurocognitive Assessment And Rehabilitation Market Report Structure
3. Neurocognitive Assessment And Rehabilitation Market Trends And Strategies
4. Neurocognitive Assessment And Rehabilitation Market – Macro Economic Scenario
5. Neurocognitive Assessment And Rehabilitation Market Size And Growth
…..
27. Neurocognitive Assessment And Rehabilitation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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