The APAC market size for cognitive assessment and healthcare training is forecasted to grow at a CAGR of 32.15 % from 2024 to 2029 and be worth USD 5.65 billion by 2029 from USD 1.40 billion in 2024.
Cognitive Assessment and Training in Healthcare has recently received much attention as a viable treatment for dementia and cognitive decline. Cognitive training focuses on the acquisition and maintenance of new skills and approaches that will improve cognition in older persons and provide a platform for disseminating these interventions to a larger audience. As a result, the cognitive testing and training market is a multibillion-dollar market that is expanding at a dizzying pace.
The growth of the cognitive assessment and training in the healthcare market in the APAC region is expected to be fueled by the growing aging population in the APAC region, increasing awareness of brain health, and technology advancements. The World Health Organization predicted that the Asia-Pacific region's overall geriatric population would approach million in the following several years. Furthermore, rising technological breakthroughs are projected to boost market expansion. These factors are expected to accelerate the adoption rate of cognitive testing and training in healthcare in the next few years.
The need for more time to build clinically proven brain fitness software is one of the significant challenges to the market's growth rate. The lack of public understanding about the importance of brain fitness is another key restraint to the market growth. Because the people who live in remote areas cannot afford treatment, health market training is used to educate and increase awareness about mental health issues.
This report on the APAC cognitive assessment and training in the healthcare market has been segmented and sub-segmented into the following categories.
By Services:
By Application:
By End-User:
By Country:
Geographically, Asia Pacific is one of the fastest-growing regions worldwide for cognitive assessment and training in healthcare, owing to the growing number of cognitive assessment and training providers in regional countries such as China and India, and is expected to grow significantly over the forecast period due to increasing awareness about cognitive impairment and treatment options for the same. In countries like China and India, cognitive evaluation and training in healthcare market providers provide training and coaching services to supply balanced cognitive rehabilitation solutions on a regional level.
KEY MARKET PLAYERS:
Cogstate Ltd., Cambridge Cognition Ltd., Quest Diagnostic, Bracket, Brain Resource Company, ProPhase LLC, CogniFit, MedAvante Inc., and NeuroCog Trials are noteworthy participants of the market.
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