The growth in the geriatric population, technological advancements in the healthcare sector, and the rising awareness about mental health are some of the factors boosting Cognitive Assessment and Training in Healthcare Market.
The Global Cognitive Assessment and Training [CAT] in Healthcare Market is forecast to reach USD 16.45 Billion by 2026, according to a new report by Reports and Data. The market is predicted to witness a significant growth during the forecast period. The rising awareness about mental health and its overall impact on the wellbeing of an individual is an integral factor supporting the market growth. Various other factors are spurring the market growth. One of these mentionable factors is, since 2016, various companies providing cognitive training services and products have come to the forefront and marketed their services products to be capable of enhancing memory among adults, prevent Alzheimer's and dementia. In 2017, moderate strength evidence was found by National Academies of Sciences, Engineering, and Medicine that indicated the fact that cognitive training has a positive impact on preventing dementia and cognitive decline with growing age. In 2018, cognitive training has been incorporated in the guidelines for the treatment of mild cognitive impairment by the American Academy of Neurology.
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The Cognitive Assessment and Training in Healthcare market report offers key insights into market scope along with emerging growth opportunities over the forecast period. The report also provides information about the competitive landscape of the global Cognitive Assessment and Training in Healthcare market. The global Cognitive Assessment and Training in Healthcare market is fragmented due to presence of numerous key players on a global and regional scale. Key players are focused on mergers and acquisitions, joint ventures, collaborations, partnerships, and research and development activities to expand their product portfolio and gain a robust footing in the market.
Key Companies Operating in the Cognitive Assessment and Training in Healthcare Market and profiled in the report are:
Bracket, Cambridge Cognition Ltd., Quest Diagnostics, Medavante Inc., Neurocog Trials, Cogstate Ltd., Prophase, LLC, ERT Clinical, Cognifit, and Brain
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The report provides a significant assessment of the recent market trends, revenues, segments, and key regions across the globe. The regional analysis covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report analyzes key regions for production and consumption patterns, import/export, market share, revenue contribution, growth rate, and supply and demand ratio for the forecast period 2021-2028. It also discusses the impact of government regulations, macro- and micro-economic factors, and economic growth of the region on overall market growth.
Regional analysis covers:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Component Type Outlook (Revenue, USD Million; 2020-2026)
- Services
- Solution
Assessment Type Outlook (Revenue, USD Million; 2020-2026)
- Biometrics Assessment
- Pen and Paper Based-Assessment
- Computerized Cognitive Assessment
- Others
Application Type Outlook (Revenue, USD Million; 2020-2026)
- Screening and Diagnostics
- Clinical Trials
- Academic Research
- Brain Training
- Others
Key Questions Answered by the Report:
- What was the market size of the global Cognitive Assessment and Training in Healthcare market in 2020? At what rate is the market expected to grow over the forecast period?
- What are the key growth driving and restraining factors of the Cognitive Assessment and Training in Healthcare market?
- What are key opportunities and growth prospects of the Cognitive Assessment and Training in Healthcare industry is expected to witness over the forecast period?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- Which region is expected to dominate the market growth over the forecast period?
- Which segments are expected to register lucrative growth over the forecast period?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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