HOME › Research Insight › Shifting trend from traditional pen and paper-based assessment to hosted assessment and training tools to enhance the demand for cognitive assessment and training solutions
Shifting trend from traditional pen and paper-based assessment to hosted assessment and training tools to enhance the demand for cognitive assessment and training solutions
The shifting trend from traditional pen and paper-based assessment to hosted tools is acting as a driver for the growth of the cognitive assessment market. Hosted tools are much more accessible and accurate in assessing cognitive functions. Through hosted tools, doctors can have access to this test via web-based services, which they can immediately administer to assess cognitive functioning of their patients. Furthermore, hosted tools enable HRs to take better decisions regarding recruitment and promotion for critical positions, facilitate the effective concussion management as well as reduce the time for clinical trials via computerized cognitive assessment, and provide cognitive training which people can do daily for improvement of memory and other cognitive functioning.
MarketsandMarkets observes companies such as Pearson Assessments, Cogstate, Cambridge Cognition, Bracket Global, Brain Resource, GL Assessments, and Lumosity as the key players in the cognitive assessment and training market. Many other companies including Posit Science, ImPact Testing, Neurosky, and others are increasingly providing innovative cognitive assessment and training solutions.
The North American market has already seen the deployment of cognitive assessment and training solutions due to increased number of dementia patients and technological advancements in the region. In the near future, MarketsandMarkets expects the market for cognitive assessment and training to surge in emerging economies such as Asia Pacific (APAC) and Europe (EU) region due to continual expected growth and positive economic indicators across these economies. MarketsandMarkets expects North America to retain its position as the highest revenue generator for cognitive assessment and training market, while significant revenue growth is expected from APAC and EU region. MarketsandMarkets forecasts the global cognitive assessment and training market to grow from $1,711.2 million in 2013 to $5,721.2 million in 2018, at a Compound Annual Growth Rate (CAGR) of 27.3% from 2013 to 2018.
Cognitive Assessment and Training Market [Dementia Screening; Clinical Trials, Classroom Learning, Brain Training, Cognitive Abilities Test (CogAT, CAT), Concussion Management, Academic Research] Worldwide Market Forecasts and Analysis (2013-2018)
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252