The growth in the geriatric population, technological advancements in the healthcare sector, and the rising awareness about mental health are some of the factors boosting Cognitive Assessment and Training in Healthcare Market.
Market Size – USD 1.71Billion in 2018, Market Growth – CAGR of 32.6%, Market Trends – The rising demand for Computerized Cognitive Assessment.
The Global Cognitive Assessment and Training [CA&T] in Healthcare Market is forecast to reach USD 16.45 Billion by 2026, according to a new report by Reports and Data. The market is predicted to witness a significant growth during the forecast period. The rising awareness about mental health and its overall impact on the wellbeing of an individual is an integral factor supporting the market growth. Various other factors are spurring the market growth. One of these mentionable factors is, since 2016, various companies providing cognitive training services and products have come to the forefront and marketed their services & products to be capable of enhancing memory among adults, prevent Alzheimer’s and dementia. In 2017, moderate strength evidence was found by National Academies of Sciences, Engineering, and Medicine that indicated the fact that cognitive training has a positive impact on preventing dementia and cognitive decline with growing age. In 2018, cognitive training has been incorporated in the guidelines for the treatment of mild cognitive impairment by the American Academy of Neurology. The associated between these positive evidences of cognitive training and prevention of cognitive impairment results in propelling the market growth. Cognitive interventions can be grouped into three types- cognitive stimulation, cognitive rehabilitation, and cognitive training. In the cognitive training, intervention is made in a care user’s care plan, wherein he/she is provided with structured practice on tasks related to the issues of cognitive functioning that has a direct impact on the cognitive impairment. Thus, with the help of these interventions, the progression of cognitive impairments like dementia can be prevented. In regards to region, Europe occupies an integral market share. It is attributed to the continuous rise in geriatric population, rising investment in healthcare researches, and innovation.
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Further key findings from the report suggest
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For the purpose of this report, global cognitive assessment and training in healthcare market has been segmented according to Component, Assessment Type, Application, and Region:
Component Type Outlook (Revenue, USD Million; 2020-2026)
Assessment Type Outlook (Revenue, USD Million; 2020-2026)
Application Type Outlook (Revenue, USD Million; 2020-2026)
Regional Outlook (Revenue, USD Million; 2020-2026)
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