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How has the cognitive diagnostics market grown in recent years?

The cognitive diagnostics market has expanded significantly, anticipated to rise from $5.07 billion in 2024 to $6.25 billion in 2025, with a CAGR of 23.1%. Growth in this sector is attributed to the rising prevalence of cognitive disorders, advancements in neuroimaging technology, increasing awareness of early diagnosis, an aging population, growing government funding for research, expanding clinical trials, and higher demand for personalized medicine.

How is the cognitive diagnostics market size expected to evolve during the forecast period?

The cognitive diagnostics market is expected to see exponential growth, reaching $14.25 billion by 2029 at a CAGR of 22.9%. Growth will be driven by digital health adoption, preventive diagnostics, neurodegenerative disease prevalence, biomarker advancements, telemedicine expansion, R&D investments, and healthcare spending. Key trends include AI and big data integration, digital cognitive tools, wearable cognitive monitoring, biomarker advances, personalized medicine, telehealth growth, integrated care solutions, and tech-healthcare collaborations.

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Which key drivers are propelling the cognitive diagnostics market’s growth?

The increasing prevalence of neurological disorders is fueling the cognitive diagnostics market. Neurological disorders, such as Alzheimer’s and Parkinson’s, affect brain and nervous system functions, leading to cognitive and motor impairments. Their rising incidence is linked to aging populations, hereditary factors, environmental toxins, and unhealthy lifestyles. Cognitive diagnostics aid in early detection and management. According to an Alzheimer’s Association report in May 2024, the number of Americans aged 65 and older with Alzheimer’s dementia increased from 6.5 million in 2022 to 6.9 million in 2024. Therefore, the rise in neurological disorders is boosting the cognitive diagnostics market.

What are the market segments in the cognitive diagnostics industry?

The cognitive diagnosticsmarket covered in this report is segmented –

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

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

Subsegments:

1) By Brain Imaging Tests: Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Computed Tomography (CT) Scans, Functional MRI (fMRI), Single-Photon Emission Computed Tomography (SPECT), Magnetoencephalography (MEG)

2) By Laboratory Testing: Blood Biomarkers for Cognitive Disorders, Genetic Testing for Cognitive Impairment, CSF (Cerebrospinal Fluid) Biomarker Tests, Hormonal and Metabolic Testing, Genetic Sequencing for Alzheimer’s Disease

3) By Mental Status Testing: Mini-Mental State Examination (MMSE), Montreal Cognitive Assessment (MoCA), Saint Louis University Mental Status (SLUMS) Exam, Cognitive Assessment Screening Tools

4) By Rapid Home Screening Tests: Self-Administered Cognitive Tests, Mobile App-Based Cognitive Screening, At-Home Memory and Mental Health Tests

5) By Neuropsychological Testing: Cognitive and Behavioral Assessment Batteries, Attention and Memory Function Tests, Executive Function and Problem-Solving Tests, Verbal and Visual Learning Tests

6) By Electroencephalogram (EEG): Resting-State EEG for Cognitive Disorders, Event-Related Potential (ERP) Testing, Quantitative EEG (QEEG) for Brain Mapping, Long-Term EEG Monitoring for Cognitive Disorders

7) By Cognitive Function and Behavioral Tests: Memory Function Tests, Attention and Concentration Tests, Language and Communication Tests, Mood and Behavior Assessments

8) By Neuropsychiatric Inventory Questionnaire (NPI-Q): NPI-Q for Dementia Screening, Behavioral and Psychological Symptoms of Dementia (BPSD) Assessment, NPI-Q for Alzheimer’s Disease and Other Cognitive Disorders, Shortened Versions of NPI-Q for Clinical Settings.

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Which leading companies are shaping the growth of the cognitive diagnostics market?

Major companies operating in the cognitive diagnostics market are Cogstate Ltd., Viz.ai, Redcliffe Labs, Mind Maze, Neurocare Group AG, Pathway Genomics, Diadem srl, Cambridge Cognition Ltd., Posit Science Corporation, Anderson Diagnostics & Labs., Altoida AG, BrainScope Company Inc., Neurotrack Technologies Inc., Cognetivity Neurosciences Ltd., BrainCheck, Cyclops MedTech Pvt Ltd, Twill Inc., CN Diagnostics, Savonix Inc., Cognivue Inc., NeuroCog Trials, Pearson Clinical, Re:Cognition Health, CogniSense, The Neuropsychology Consultants

What key trends are currently impacting the cognitive diagnostics market’s development?

Leading companies in the cognitive diagnostics market are prioritizing real-time cognitive health insights through the latest technological advancements in diagnostic instruments like neuropsychological testing platforms. These platforms are unique digital tools intended to evaluate cognitive abilities using standardized tests that focus on memory, attention, and problem-solving abilities. For instance, in April 2024, BrainCheck Inc., a digital health firm based in the US that drives positive cognitive health progress, presented its all-inclusive digital cognitive assessment platform at the American Academy of Neurology (AAN) Annual Meeting. The platform, which includes Assess, Screen, and Plan components, provides a contemporary solution for medical professionals to streamline cognitive health management with mobile, digital technology that guarantees accuracy and user-friendliness. This development is aimed at enhancing the operational efficiency and quality of care for patients and care providers by offering detailed, evidence-based suggestions and comprehensive care planning.

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Which geographic areas are influencing the growth of the cognitive diagnostics market?

North America was the largest region in the cognitive diagnostics market in 2024. 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.

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