Cognitive Assessment Market Set for Rapid Growth at 27.1% CAGR by 2025 | Foremost Industry Players – Cambridge Cognition, Cognifit, Cogstate, Medavante-Prophase, Neurocog Trials, Ert Clinical, Scientific Brain Training (Sbt) Sa, Ortelio, Pearson, Thomas International

The Industry Report “Cognitive Assessment Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Cognitive Assessment market.

The cognitive assessment market has experienced significant growth and adoption rate in the recent years and is expected to experience notable growth and adoption in years to come. Cognitive assessment market operates in a highly-fragmented and competitive marketplace. The leading companies in this market continue to broaden their addressable market, by adopting new technologies such as gamification and digitalization, diversifying their client base, and developing new applications. Almost all the prominent players face an increasing level of competition, both from start-ups as well the leading global technology companies across the world.

These innovative products are integrated with radical biotechnology and neuroscience. Numerous therapeutic products have been developed in partnerships with clinical specialists and those products tend to command high price points. Geographically, major cognitive assessment service providers are based in North America, mainly US. However, the market is penetrating at high growth rate in other region as well including APAC and European countries. Asia Pacific region in global cognitive assessment market is expected to witness a CAGR growth rate of 33.2% in the coming years.

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In the corporate sector, cognitive assessment tests are being highly used at the time of open recruitments to find the suitable candidate for the vacant position in the company. This assessment helps the company to test the individuals on the basis of various qualities that the company might need for its position. This helps the company to avoid bad hiring decision and helps as a substitute for insufficient information gleaned from references.

This assessment is also used for the current employees of the company for improving their self-awareness, enhance team development, and plan career development. The increasing use of this assessment in more companies in different regions is presently facilitating the surge of global cognitive assessment market and the same is anticipated to support the growth of global cognitive assessment market in the coming years.

Key Players Influencing the Market

  • Cambridge Cognition Ltd.
  • Cognifit Ltd.
  • Cogstate Ltd.
  • Medavante-Prophase, Inc.
  • Neurocog Trials
  • Ert Clinical
  • Scientific Brain Training (Sbt) Sa
  • Ortelio Ltd.
  • Pearson Plc
  • Thomas International Ltd.

The cognitive assessment market is witnessing strong advancements in technology. Several new types of assessments are being added to the services provided by the companies. Furthermore, new technological innovations are being added to the services of the company. For instance, Cambridge Cognition Ltd. has unveiled a new wearable technology like smartwatch which can be used for monitoring mental health of the patients and can be synced with the smartphone app and the data collected can be used for further treatment of the patients. Moreover, other companies in the market are highly investing in the R&D activities for further innovating new assessments and new products in the market for analysis of the cognitive diseases. This will create new opportunities in the market for the companies to increase their customer base and generating higher revenues in the coming years, thereby, catalyzing the cognitive assessment market growth.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Cognitive Assessment market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Cognitive Assessment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Cognitive Assessment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Cognitive Assessment market in these regions.

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Answers that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the Cognitive Assessment Market.
  • Key market trends cracking up the growth of the Cognitive Assessment Market.
  • Challenges to market growth.
  • Key vendors of Cognitive Assessment Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Cognitive Assessment Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

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Posted by on Tuesday June 18 2019, 3:45 AM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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