WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Thursday, April 27, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


Global Cognitive Assessment and Training Market 2017-2021: Aging Population, Increasing Awareness for Brain Fitness & Advancement in Technology Drive the $8.06 Billion Market - Research and Markets
Friday, April 21, 2017

DUBLIN, Apr. 21, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Cognitive Assessment and Training Market - Global Forecast to 2021" report to their offering.

http://photos.prnewswire.com/prnvar/20160330/349511LOGO

It's forecasts the cognitive assessment and training market size will grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.

Major factors contributing to the growth of the market include aging global population, increasing awareness for brain fitness, and advancements in technology. These factors are expected to drive the adoption rate of cognitive assessment and training in the coming years.

The cognitive assessment and training market is segmented by assessment type, component, application, vertical, and region. The components segment is further classified into solutions and services. The various solutions are categorized into assessment, data management, project management, data analysis & reporting, and others (rater training, concussion management, and prescreening solution). These solutions are used to monitor changes in the cognitive function, following the treatment with drugs or other types of interventions. The services segment includes training & support and consulting.

Training and support services are expected to grow at the highest CAGR during the forecast period. Cognitive assessment and training solution and service providers offer training and coaching services to deliver balanced cognitive rehabilitation solutions. The coaching and training segment comprises spreading awareness as well as educating the community and professionals about challenges related to brain and mental health.

The applications segment includes clinical trials, classroom learning, brain training, corporate learning, and research (including patient recruitment and patient engagement). The clinical trials application is expected to grow at the highest CAGR during the forecast period. Cognitive assessment solutions are extensively used to improve clinical Research and Development (R&D).

Market Dynamics

Drivers

    --  Aging Global Population
    --  Increasing Awareness for Brain Fitness
    --  Advancement in Technology

Restraints

    --  Time Constraint in Developing Clinically Validated Brain Fitness
        Software
    --  Negative Publicity in the Media About Brain Training Efficiency
    --  Stringent Government Regulations Across the Globe

Opportunities

    --  Increasing Use of Advanced Cognitive Assessment and Training Tools
    --  Rise in Demand for Improved Brain Fitness

Challenges

    --  Appropriateness of the Cognitive Assessment Process
    --  Brain Fitness Education to the Population

Companies Mentioned

    --  Bracket
    --  Brain Resource Ltd.
    --  CRF Health
    --  Cambridge Cognition Ltd
    --  Cognifit
    --  Cogstate Ltd.
    --  ERT Clinical
    --  Medavante Inc.
    --  Neurocog Trials Inc
    --  Pearson Education
    --  Prophase, LLC
    --  Quest Diagnostics

For more information about this report visit http://www.researchandmarkets.com/research/6w4xn3/cognitive

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-cognitive-assessment-and-training-market-2017-2021-aging-population-increasing-awareness-for-brain-fitness--advancement-in-technology-drive-the-806-billion-market---research-and-markets-300443424.html

SOURCE Research and Markets



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav NETSUITE UNVEILS MAJOR GLOBAL ERP ENHANCEMENTS | Apr 26, 2017
Nav Future Looks 'Spectacular' for Champagne and Sparkling Wine - According to New Research From just-drinks and The IWSR | Apr 26, 2017
Nav Interim Report January-March 2017 | Apr 26, 2017
Nav South African Telecommunications Providers Bolster ICT Services Portfolio through IoT, VOD, and mCommerce Offerings | Apr 26, 2017
Nav Growth Opportunities in the Global Fire Rated Glass Market | Apr 26, 2017
Nav Textainer Selects RAM's Fixed Asset Software to Meet Corporate Governance Requirements | Apr 26, 2017
Nav Completion of Hexagon's Acquisition of MSC Software | Apr 26, 2017
Nav BambooHR Launches Public Apps Marketplace for Customers and ISV Partner Program for Third-Party Developers | Apr 26, 2017
Nav NextFlex Awards Contracts Totaling $45 Million To Date For Developing Flexible Hybrid Electronics Into A Commercially Viable U.S. Industry | Apr 26, 2017
Nav Sales Temperature delivers small businesses highly accurate forecasting tool to significantly improve margins | Apr 26, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News