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(IT-NEWSWIRE.COM, August 06, 2018 ) Cognitive Assessment Market 2025 – Global Analysis and Forecasts Components (Solutions and Services); Applications (Scientific Research, Clinical Trail, Academic Assessments, and Corporate Training and Recruitment); and End-users
Clinical trials and corporate training & recruitment sector are driving the market by volume and size of trials. Also, rapid growth in the aging population worldwide and growing penetration of cognitive assessment in academic sector are thereby driving the adoption globally. The cognitive assessment market is further flourishing due to introduction of gamification and digitalization of technology. Advancements in technology such as synchronization of assessment with wearable device is expected to create new opportunities for the cognitive assessment services market during the forecasted period. The cognitive assessment market in Europe for the healthcare end-use sector is growing at CAGR of 27.7% and is expected to reach US$ 2,606.5 Mn in 2025 from 372.2 Mn in 2017.
The Global cognitive assessment market by component is dominated by software market revenue in 2017, and however the trend is going to change during the forecast period and it will lose some of its share to service market. The service market has highest growth rate during the forecast period. Service revenues are anticipated to grow at an exponential rate over the years reflecting prominent companies adopting positive strategic steps to diversify their product offering. Service segment include both the traditional project and study management services and also the increasing amount of consultancy and modified development work being undertaken for customers for recruit and wearable projects.
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Companies Profiled in this report includes: Cambridge Cognition Ltd, Groupe SBT, ImPACT Applications, Thomas International Ltd., Quest Diagnostics, Prophase, LLC, Cogstate Ltd., ERT Clinical, CogniFit, Neurocog Trials Inc., Bracket, Brain Resource, Posit Science Corp., Cogniciti, and Pearson Education among others.
In our study, we have segmented the cognitive assessment market by component, application, and end-user. The cognitive assessment market on the basis of component has been segmented into software and service. Also, these cognitive assessment tools find applications in a diverse end-user verticals for diverse purposes. Majorly, these tools are being used for clinical trials purposes to evaluate and treat the patients suffering from Alzheimer’s or other forms of dementia. However, during the coming years, education, recruitment & training activities have also been anticipated to cash in on the potentials of the usage of these tools. Hence, the cognitive assessment market on the basis of applications has been segmented into scientific research, clinical trials, academic assessments, corporate training & recruitment, and others. Also, the cognitive assessment market has been segmented on the basis of end-users into healthcare, enterprise, education, sports, government, defense, and others. On the basis of geography, the cognitive assessment market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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Geographically, Europe is a highly diverse region consisting of more than 70 countries in it. While Europe boasts of a highly advanced healthcare sector, and the education sector, these sectors contribute to the high demands for cognitive assessment tools in the region. Also, a highly advanced IT hub augurs in a good stead for increased usage of cognitive assessment tools. Over a period of years, the deployments of cognitive software in the various end-user sectors in Europe would saturate and hence, the market for services of these cognitive assessment tools would gain attraction. The demand of extensive training session for an individual to overcome their weakness and advancement in technology is further increasing the growth of these cognitive assessment services in the forecast period. Major cognitive assessment service providers are based in North America, mainly US. However, the market is penetrating at high growth rate in other region as well including APAC and European countries.
Table of Content:
INTRODUCTION 15
KEY TAKEAWAYS 17
MARKET LANDSCAPE 19
COGNITIVE ASSESSMENT MARKET – KEY INDUSTRY DYNAMICS 35
COGNITIVE ASSESSMENT – GLOBAL MARKET ANALYSIS 39
COGNITIVE ASSESSMENT MARKET REVENUE AND FORECASTS TO
COGNITIVE ASSESSMENT MARKET REVENUE AND FORECASTS TO 2025 –APPLICATION 44
COGNITIVE ASSESSMENT MARKET REVENUE AND FORECASTS TO 2025 –
END-USER 50
COGNITIVE ASSESSMENT MARKET – GEOGRAPHICAL ANALYSIS 58
INDUSTRY LANDSCAPE 97
COMPETITIVE LANDSCAPE 101
KEY COMPANY PROFILES 103
12.1 CAMBRIDGE COGNITION LTD. 103
12.1.1 Key Facts 103
12.1.2 Business Description 103
12.1.3 Financial Overview 104
12.1.4 SWOT Analysis 104
12.1.5 Key Developments 106
12.2 COGNIFIT LTD. 107
12.2.1 Key Facts 107
12.2.2 Business Description 107
12.2.3 Financial Overview 107
12.2.4 SWOT Analysis 108
12.2.5 Key Developments 109
12.3 COGSTATE LTD. 110
12.3.1 Key Facts 110
12.3.2 Business Description 110
12.3.3 Financial Overview 110
12.3.4 SWOT Analysis 111
12.3.5 Key Developments 112
12.4 MEDAVANTE-PROPHASE, INC 113
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