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Global Cognitive Assessment And Training Solutions Market Size Was Valued At 2351 Million$ In 2019
Tuesday, 07 Jul, 2020
The Cognitive Assessment and Training Solutions market covers Hardware based Assessment, Software and Computerized Assessment, etc. The typical players include Signant Health, Brain Resource, Cambridge Cognition, Cogstate Ltd, CogniFit Ltd., ERT (eResearchTechnology, Inc.), etc.
Cognitive assessment and training is a formal assessment of one’s psychological functions and speed of information processing. This method of assessment helps an individual in assessing, defining and focusing on individual needs more efficiently.

Some of the major factors driving this market are aging population, increased healthcare expenditure and rise in R&D initiatives. Additionally, accessibility of these tests is one of the major factor that is contributing growing adoption of various tools of cognitive assessment and training. Cognitive assessment and training solutions can also help various organizations and educational institutions in providing suitable guidance to improve cognitive functions of individuals for various disease conditions. However, constant need of development and improvement of these tests. Moreover, increased need for multiple language tests are some of the factors that could hinder the growth of the market.

The global Cognitive Assessment and Training Solutions market is dominated by companies from North America and Europe, top three players occupy for about 14.18% market share in 2019, and the market competition i s going to be more intense with more players and innovation products.

In 2019, the Global Cognitive Assessment and Training Solutions market size was valued at 2351 Million$, increased from 1594 Million$ in 2015, and the market is forecasted to reach 4134 Million$ by 2025, growing at CAGR of 9.98% between 2020 and 2025.

On the basis of region, Cognitive Assessment and Training Solutions is more popular in North America than others regions. North America is the largest market segment of Cognitive Assessment and Training Solutions, with a consumption market share nearly 46.64% in 2019, followed by Europe with a consumption market share nearly 25.72%, APAC is expect to exceed Europe in forecast years, with 29.84% market share by 2025.

The key players in the global Cognitive Assessment and Training Solutions market are like Pearson and Medavante-ProPhase, etc. In the industry, Pearson has the largest revenue market share in 2019, while Medavante-ProPhase and VeraSci (NeuroCog Trials)ranked 2 and 3.The market share of them is 10.45%, 1.87% and1.85% in 2019. The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are two types of Cognitive Assessment and Training Solutions, including Software and Computerized Assessment and Hardware based assessment. In Cognitive Assessment market, Software and Computerized Assessment is the main type and it held a 70.13% revenue share in 2019, and it is expected to reach a value of 2948 (Million US$) by 2025, at a CAGR of 10.26% during 2020 and 2025. 

Cognitive Assessment technology is relatively mature now, and new enterprises cannot surpass existing famous brands on reputation or design in the short term. Enterprises expand their business in the form of mergers and acquisitions, etc.