Cognitive Assessment and Training Market Size & Forecast Report, 2020-2027
Gmi ResearchCognitive Assessment and Training Market
As per the GMI Research Report, the Cognitive assessment and training market is projected to witness a healthy compound annual growth rate of 29.8% over the coming years. Various factors such as the increasing adoption of gamification for cognitive assessment, ongoing technological innovations in the healthcare industry, and rising healthcare disbursement have bolstered the Cognitive assessment and training market share.
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Cognitive Assessment and Training Market Dynamics
The cognitive assessment and training market has experienced a strong surge owing to the increasing awareness for brain fitness and accelerating geriatric population. In addition, the growing deployment of smartphones and tablets with the easy availability of cognitive tests to collect clinician-reported outcome (ClinRO), customize evaluation tests for employer, students is projected to bolster the market growth. Further, the growing adoption of gamification for cognitive assessment is another major factor propelling the market growth. Gamification is a relatively a new tendency concentrating on employing non-game settings to engage audience. The surging demand for enhanced mental fitness has raised the adoption of these solutions and service. The increasing application of mobile technologies for clinical research for system administration, e-health management, and data collection will further strengthen the Cognitive assessment and training market size.
However, insufficient knowledge and adoption regarding cognitive assessment test is likely to restrain the market growth. Strict government norms and time restraints to develop clinically sanctioned brain training solutions has hampered the market growth. Moreover, the global Cognitive assessment and training market report asserts that with the evolution of the coronavirus the market has experienced a decline in shorter time span.
Component Segment Drivers
Based on the component, the solution segment will expand at a faster rate due to the increasing awareness regarding cognitive assessments, data analysis in schools and colleges, training, corporate sector, and healthcare industry. Additionally, the assessment solutions help to choose the most appropriate candidates in an organization, measure the intellectual ability and general intelligence of students, recognise cognitive strengths and weaknesses in children, which will fuel the market growth.
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