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2024-2033 Cognitive Diagnostics Market Growth Rate: What’s the Forecast?

The cognitive diagnostics market has grown significantly in recent years. It will grow from $4.13 billion in 2023 to $5.07 billion in 2024 at a compound annual growth rate (CAGR) of 22.9%. This growth is driven by the increasing prevalence of cognitive disorders, advancements in neuroimaging technology, a growing awareness of the importance of early diagnosis, an aging population, government research funding, expanding clinical trials, and rising demand for personalized medicine.

The cognitive diagnostics market is expected to experience exponential growth, with projections of $11.6 billion by 2028, at a CAGR of 23%. The growth is driven by digital health technology adoption, preventive diagnostics, neurodegenerative disease prevalence, advanced biomarkers, and telemedicine expansion. Trends include AI and big data integration, wearable devices for cognitive monitoring, precision medicine, and collaborations between tech and healthcare providers.

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What Drivers Are Accelerating the Growth of the cognitive diagnostics Market?

The rising occurrence of neurological disorders is anticipated to accelerate the growth of the cognitive diagnostics market. Neurological disorders affect the brain, spinal cord, and nervous system, causing cognitive decline, motor dysfunction, and sensory problems. The increase in these disorders is linked to age-related conditions like Alzheimer’s and Parkinson’s diseases, along with genetic factors, environmental toxins, stress, poor diet, and lack of exercise. Cognitive diagnostics help detect and monitor cognitive impairments, supporting early diagnosis and management of neurological diseases. According to a May 2024 report by the Alzheimer’s Association, the number of Americans aged 65 and older with Alzheimer’s dementia is projected to rise from 6.5 million in 2022 to 6.9 million in 2024, driving the growth of the cognitive diagnostics market.

What Key Segments Can Be Identified in the Cognitive Diagnostics Market?

1) By Diagnosis: Brain Imaging Tests, Laboratory Testing, Mental Status Testing, Rapid Home Screening Tests, Neuropsychological Testing, Electroencephalogram (EEG1), Cognitive Function And Behavioral Tests, Neuropsychiatric Inventory Questionnaire (NPI-Q1)

2) By Indication: Alzheimer’s Disease, Attention Deficit Or Hyperactivity Disorder, Dementia, Epilepsy-Related Cognitive Dysfunction, Mild Cognitive Impairment, Parkinson’s Disease-Related Cognitive Dysfunction, Stroke-Related Cognitive Dysfunction, Traumatic Brain Injury, Other Indications

3) By End User: Hospitals, Neurology Clinics, Cognitive Behavioral Therapy Centers, Rehabilitation Centers, Academic And Research Institutes, Diagnostic Imaging Centers, Home Care Settings

What Trends Are On the Rise in the 112 Market?

Key players in the cognitive diagnostics market are focusing on providing real-time insights into cognitive health through advancements in diagnostic tools like neuropsychological testing platforms. These tools assess cognitive functions, including memory, attention, and problem-solving skills. For instance, in April 2024, BrainCheck Inc., a US-based digital health company, unveiled its comprehensive digital cognitive assessment platform at the American Academy of Neurology Annual Meeting. The platform offers clinicians mobile, digital technology to streamline cognitive health management, providing evidence-based recommendations and comprehensive care planning to enhance care quality and efficiency.

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What Regions Are Steering Growth in the Cognitive Diagnostics Sector?

North America was the largest region in the cognitive diagnostics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Cognitive Diagnostics Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cognitive diagnostics market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Cognitive Diagnostics Market Include

1. Cognitive Diagnostics Market Executive Summary

2. Cognitive Diagnostics Market Segments

3. Cognitive Diagnostics Market Size And Template Market Growth Rate

4. Key Cognitive Diagnostics Market Trends

5. Major Cognitive Diagnostics Market Drivers

……

25. Key Mergers And Acquisitions In The Cognitive Diagnostics Market

26. Top Cognitive Diagnostics Companies

27. Cognitive Diagnostics Market Opportunities And Strategies

28. Cognitive Diagnostics Market, Conclusions And Recommendations

29. Appendix

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