The global cognitive assessment & training market has evolved significantly over the last decade. Pegged at over US$ 1.5 Bn in 2019, the global cognitive assessment & training market will multiply 4.7X times from its current value during the forecast period (2020 – 2030). Usage of smartphones and tablets to collect clinician-reported outcome (ClinRO) measures are rapidly increasing worldwide. With the industry shifting toward electronic data collection, guidelines are being created on the recommended approach for establishing a similarity between the electronic version of a clinician-administered measure and the paper version.
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Standardized Electronic Clinician-reported Outcome (eClinRO) measures provide various benefits, including elimination of the duplication of data, reduction in transcription errors, real-time access to data, and accurate and complete data collection. Parallel to this, the gamification of cognitive assessment and training market will further boost its prospects. Due to significant improvements in the integrity, quality, and timeliness of the data collected, there are a growing number of clinical trials employing electronic media to collect patient-reported outcomes (PROs). This leads to an increase in patient engagement, which is expected to drive the cognitive assessment & training market.
Cognitive Assessment & Training Market End User Insights
On the basis of end user, the market is segmented into personal computers (PC) and mobile & tablet. Among these, the mobile & tablet segment shall emerge as the highest revenue generator, with more than 60% share of the total market value. The segment will continue to generate revenue at an astounding ~17% CAGR through 2030.
Mobile technologies are used in cognitive assessment and clinical research for patient recruitment, data collection, symptom monitoring, and health management. In order to improve patient compliance, patient care, patient safety, and patient satisfaction, the adoption of mobile applications and IT systems are increasing in hospitals and healthcare centers. Also, the increasing demand from physicians and hospitals to access patient databases remotely is supporting the increasing adoption of mobile applications and IT systems in healthcare organizations.
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The Cognitive Assessment and Training Market research answers important questions, including the following:
- Why Cognitive Assessment and Training Market players are focusing on the business expansion in region?
- Which regulatory authorities have granted approval to the application of Cognitive Assessment and Training Market
- What are the pros and cons of the Cognitive Assessment and Training Market the environment?
- Why players are targeting the production of segment?
- What are the strategies implemented by emerging players in the global Cognitive Assessment and Training Market?
The Cognitive Assessment and Training Market report serves the readers with the following data:
- In-depth analysis of supply-side and demand-side trends.
- Direct and indirect impacts of the growth of relevant markets on the Cognitive Assessment and Training
- Importance of segment in various regions.
- Accurate Y-o-Y growth of the global Cognitive Assessment and Training
- Consumption trends among individuals across the globe.
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