What Is The Current and Historic Market Size Analysis Of The Cognitive Assessment And Training In Healthcare Market?
The cognitive assessment and training in healthcare market has seen considerable growth due to a variety of factors.
• The market size for cognitive assessment and training in healthcare has witnessed an exponential growth lately. The industry, which is valued at $5.74 billion in 2024, is projected to escalate to $7.62 billion in 2025, registering a compound annual growth rate (CAGR) of 32.6%.
This significant progression in the historical phase can be credited to escalating data explosion and complex nature, expanding IT infrastructure complexity, rising need for early problem resolution, enhancement of automation for efficiency, and increasing adoption of DevOps practices.
What Is The Forecast For The Cognitive Assessment And Training In Healthcare Market Size?
The cognitive assessment and training in healthcare market is expected to maintain its strong growth trajectory in upcoming years.
• A significant surge is anticipated in the healthcare-based cognitive assessment and training market in the forthcoming years, with an expected value of $20.63 billion by 2029, and a compound annual growth rate (CAGR) of 28.3%.
Factors contributing to this projected growth within the forecast period include the incorporation of aiops, hybrid and multi-cloud setups, emphasis on understandable ai, improved predictive analytics, and integration with edge computing. Foreseen trends within this forecast period encompass developments in AI and ML technology, a strategic contribution to digital transformation, intent-based networking (ibn), autonomous operations, and AIOPS in IT operations.
What Are The Essential Drivers Behind The Growth Of The Cognitive Assessment And Training In Healthcare Market?
The escalating occurrence of dementia is anticipated to fuel the expansion of cognitive assessment and training within the healthcare sector. Dementia comprises a set of neurological disorders marked by a deterioration in cognitive capabilities like memory, thinking, problem-solving, language, and carrying out daily activities. Tools for cognitive assessment aid in identifying early symptoms of cognitive decline, potentially pointing to dementia, and also in monitoring the progression of the disease and observing any shifts in cognitive function over time. Such tools enable healthcare professionals to modify treatment strategies and offer suitable assistance as the condition worsens. For example, Alzheimer’s Research UK, a charity based in the UK, estimates in June 2023 that by 2040, more than 1.2 million individuals in the UK would be diagnosed with dementia. This represents a considerable surge in prevalence, equating to a rise of 30% from the figures reported in 2022. Hence, the rising occurrence of dementia is set to catalyze the growth of cognitive assessment and training in the healthcare sector.
How Is The Global Cognitive Assessment And Training In Healthcare Market Divided Into Key Segments?
The cognitive assessment and training in healthcare market covered in this report is segmented –
1) By Component: Solution, Services
2) By Technology: Pen And Paper Based Assessment, Hosted Assessment And Training Tools, Biometrics
3) By Application: Screening And Diagnostics, Clinical Trial, Brain Training, Other Applications
Subsegments:
1) By Solution: Cognitive Assessment Tools, Cognitive Training Software, Mobile Apps For Cognitive Training, Neuropsychological Assessment Solutions
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Custom Assessment And Training Programs
Pre-Book The Cognitive Assessment And Training In Healthcare Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Cognitive Assessment And Training In Healthcare Market?
In the area of cognitive assessment and training within the healthcare sector, top businesses are concentrating their efforts on creating innovative products. These products incorporate advanced technologies such as artificial intelligence (AI), which is utilized to increase the precision and customization of cognitive evaluations. This technology enables the creation of more effective and personalized cognitive training plans for patients. Tools for cognitive evaluation and training in healthcare that are powered by artificial intelligence are used to provide tailored insights and create individualized cognitive training schedules, enhancing cognitive health and wellness. For instance, Cognetivity Neurosciences Ltd., a medical technology firm based in the UK, launched CognICA in February 2023. This AI and machine learning (ML) powered platform is designed to evaluate and track brain health, and can be used in a variety of settings including medical, commercial, and consumer environments. It facilitates early identification of cognitive deterioration, paving the way for immediate interventions and long-term care management.
Who Are the Key Players In The Cognitive Assessment And Training In Healthcare Market?
Major companies operating in the cognitive assessment and training in healthcare market report are:
• Signant Health Private Limited
• Clario Inc.
• WIRB-Copernicus Group
• WIRB-Copernicus Group
• Tecsys Inc.
• Cognitivescale
• Cogstate Ltd.
• Cognetivity Neurosciences Ltd.
• MedAvante Inc.
• Terso Solutions Inc.
• CogniFit Inc.
• Akili Inc.
• BrainScope Company Inc.
• Cambridge Cognition Ltd.
• Quest Diagnostics Incorporated
• NeuroNation
• Wysa Ltd.
• Brain Resource Company
• CNS Vital Signs LLC
• Brackets Inc.
• Happify Inc.
• Pear Therapeutics Inc.
• Total Brain Ltd.
• Fit Brains Ltd.
• Posit Science Corporation
• Epicor Software Corporation
What Are The Regional Insights Into The Cognitive Assessment And Training In Healthcare Market?
North America was the largest region in the cognitive assessment and training in the healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive assessment and training in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
