Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Cognitive Assessment size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 29.12% during the review period (2022 to 2027).
Cognitive assessment service plays a vital role in the clinical assessment and employment process across the globe. With increased access to computers and the Internet, particularly among older adults. Adoption of more flexible, device-independent disposition models with features ideal for self-assessment is pushing the cognitive and other internet-based tests. Rise in aging population and increase in global research investment will performance as major drivers for the continual growth in market size and profitable opportunity. Cognitive valuation market operates in a highly-fragmented and competitive marketplace. The leading companies in this market continue to broaden their addressable market, by accepting new technologies such as gamification and digitalization, diversifying their client base, and developing new applications. Nearly all the prominent players face an cumulative level of competition, both from start-ups as well the leading global technology companies across the world. The emerging players in the market face high barriers-to-entry due to technical advancements and high price-product development.
The market for Position of Things globally has been segmented into segments including components, applications, and end-users. The components segment is fragmented by solutions and services. Whereas the requests is further segmented into scientific research, clinical trial, academic assessments, and corporate training and recruitment.
The Global Cognitive Assessment includes identification and analysis of the various market participants competing in the global market. Prime competitors include Quest Diagnostics Inc. (U.S.), Cogstate Ltd. (U.S.), Cognifit (U.S.), Eresearchtechnology Inc. (U.S.), Pearson Education (U.K), Neurocog Trials Inc. (U.S.), ProPhase LLC (U.S.), Bracket Global (U.S.), Medavante Inc. (U.S.), Cambridge Cognition Ltd. (U.K)
January 12, 2022: Eisai to Launch Digital Tool “CogMate™ in Taiwan And Hong Kong
Cogstate (ASX.CGS), via its global commercial partner Eisai Co., Ltd, is pleased to announce that Cogstate technology will be marketed directly to consumers in Taiwan and in Hong Kong through its Taiwanese subsidiary Eisai Taiwan Inc. (Location: Taipei) and Hong Kong subsidiary Eisai (Hong Kong) Co. This will be the first release of Cogstate technology in the Asian region (excluding Japan). Similar launch in additional countries, including Singapore, is expected shortly.
Market is segmented based on the type, applications, companies and regions.
By Types, it is segmented into
By Application, it is segmented into
North America is the most important regional market, accounting for 42% of total market value. Start-ups and prominent market players can be found in developed countries such as the United States. Because of the rapidly growing global geriatric population and the number of dementia patients, the U.S. will account for the largest revenue share in 2020.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 29.12% during the review period (2022 to 2027). |
By Types |
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By Application |
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By Companies | Quest Diagnostics Inc. (U.S.), Cogstate Ltd. (U.S.), Cognifit (U.S.), Eresearchtechnology Inc. (U.S.), Pearson Education (U.K), Neurocog Trials Inc. (U.S.), ProPhase LLC (U.S.) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 124 |
Customization Available | Yes, the report can be customized as per your needs |
HVAC contractors and real estate designers are collaborating to offer modern and comfortable homes with all amenities. Mechanization of cooling and heating systems to provide suitability and comfort to home owners can drive the market demand for cognitive assessment & training systems. Bundled products that work in a common connected platform are the latest selling point pursued by developers to drive sales of mechanization systems. For instance, Samsung Company has developed the SmartThings application to control a bevy of products on the platform. It can be used in creating atmosphere for single domestic and multi-family surroundings.
What is the study period of this market?
The Global Cognitive Assessment is studied from 2022-2027.
Who are the prime players in the Global Cognitive Assessment?
Quest Diagnostics Inc. (U.S.), Cogstate Ltd. (U.S.), Cognifit (U.S.), Eresearchtechnology Inc. (U.S.), Pearson Education (U.K), Neurocog Trials Inc. (U.S.), ProPhase LLC (U.S.)
Which region held the largest share in the Global Cognitive Assessment?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Cognitive Assessment?
Pen- and Paper-Based Assessment, Hosted Assessment, Biometrics Assessment
What are the major Application of Global Cognitive Assessment?
Clinical Trials, Brain Training, Classroom Learning, Corporate Learning, Research, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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