HOME Research Insight Cognitive assessment and training solutions New Revenue Pockets

Cognitive assessment and training solutions New Revenue Pockets

Cognitive assessment and training solutions applied across healthcare sector will account for the largest market share during the period 2013 to 2018. It is a vertical wherein the need for such assessments and training solution is of utmost importance. It involves examination of cortical functions such as memory, attention, language, and executive function. This segment includes revenues generated through performing cognitive testing via all three modes, namely, pen and paper-based assessment, hosted assessment tools, and packaged assessment products used for dementia screening, healthcare-related needs of insurance providers, cognitive rehabilitation, and addiction treatment, among others.

However, there are a few revenue pockets, namely solutions applied across education sector, sports and defense that will witness significant growth in the forecast period.

In terms of applications, revenues from clinical trials is also expected to increase owing to increasing need to identify, measure, or monitor cognitive impairment and cognitive change, such assessments are performed across multiple language and cultural groups in many different clinical and social settings. These are majorly performed for the purpose of characterizing and determining the cognitive potential and effect of therapeutic substances and for measuring the functional change with a high degree of sensitivity, among other purposes.

Furthermore, such assessment and training tools applied for educational proposes are also expected to see increased traction during the coming years. This is done via using simple pictures and figures in order to assess and train students. The primary purpose of such tests is to assess studentsí reasoning abilities such as verbal, non-verbal, and quantitative for the purpose of providing customized methodology of teaching, determining eligibility for enrichment programs, or for cognitive training of students. This segment includes revenues generated from cognitive assessment and training services leveraged by educational institutions, parents, and individuals for education-related needs.

Related Reports:

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)

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