Cognitive Assessment and Training in Healthcare Market worth 4,127.2 Million USD by 2021

Cognitive assessment and training in healthcare market categorizes the global market by assessment type as pen-and-paper based, hosted, and biometrics, by components, by application as clinical trial, screening & diagnostics, brain training, academic research, & by region."

The report "Cognitive Assessment and Training in Healthcare Market by Assessment Type (Pen-and-Paper Based, Hosted, and Biometrics), Components, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), & Region - Global forecast to 2021", The cognitive assessment and training in healthcare market size is estimated to grow from USD 962.0 Million in 2016 to USD 4,127.2 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 33.8%.

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The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology. The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training in healthcare market.

Clinical trials in terms of application is expected hold the largest market share in the cognitive assessment and training in healthcare market during the forecast period

Clinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes. The assessment of cognitive functions is an integral part of decision making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain. The market is expected to contribute the highest revenue for vendors offering clinical trials.

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Service segment is expected to grow at the highest CAGR in the cognitive assessment and training in healthcare market and the current trend is expected to continue during the forecast period

An Increasing demand for cognitive assessment and training tests and procedures in the global healthcare market also provides a significant scope for associated services as well. The growth of the services segment is expected to accelerate, due to an increasing level of awareness regarding the brain fitness. With the increasing utilization of cognitive assessment and training solutions, the services act as an add-on to these solutions making them more valuable. Providers of cognitive assessment and training solutions and services offer training and coaching services to deliver balanced cognitive rehabilitation solutions.

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