Insights Into The Neurocognitive Assessment And Rehabilitation Market’s Growth Potential 2024-2033
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What is the Expected Growth Rate of the Neurocognitive Assessment And Rehabilitation Market from 2024 to 2033?
The neurocognitive assessment and rehabilitation market has shown strong growth, expected to increase from $12.26 billion in 2023 to $13.40 billion in 2024, at a CAGR of 9.2%. This is due to a rise in neurocognitive disorders, an aging population, increased awareness, and improved diagnostic techniques.
The neurocognitive assessment and rehabilitation market is expected to grow strongly, projected to reach $19.23 billion by 2028 at a CAGR of 9.5%. Factors contributing to this growth include personalized medicine and corporate wellness programs. Key trends involve wearable technology and personalized rehabilitation.
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What Key Factors Are Fueling the Growth of the Neurocognitive Assessment And Rehabilitation Market?
The rising prevalence of neurological disorders is expected to boost the neurocognitive assessment and rehabilitation market. Neurological disorders affect the nervous system and can lead to symptoms such as muscle weakness and cognitive impairments. Contributing factors include an aging population and the prevalence of conditions like Alzheimer’s and Parkinson’s diseases. Neurocognitive assessments help in diagnosing these disorders, while rehabilitation efforts aim to enhance neural functioning and quality of life. For example, the Alzheimer’s Association projected in February 2021 that the number of individuals aged 85 and older with Alzheimer’s dementia in the U.S. would reach 2.4 million by 2024 and 6.7 million by 2060. Thus, the rise in neurological disorders drives the neurocognitive assessment and rehabilitation market.
What Are the Major Segments of the Neurocognitive Assessment And Rehabilitation Market?
1) By Components: Neurocognitive Assessment Testing, Neurorehabilitation Therapy
2) By Providers: Rehab Centers, Hospital And Clinics, Homecare Settings, Physiotherapy Centers
3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
What New Trends Are Transforming the Neurocognitive Assessment And Rehabilitation Market?
In the neurocognitive assessment and rehabilitation market, companies are developing digital tests for cognitive screening. For example, in November 2022, Neurotrack Technologies introduced a 3-minute digital test to facilitate the early detection of cognitive decline.
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Which Regions Are Driving Growth in the Neurocognitive Assessment And Rehabilitation Market?
North America was the largest region in the neurocognitive assessment and rehabilitation market in 2023. The regions covered in the neurocognitive assessment and rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Neurocognitive Assessment And Rehabilitation 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 neurocognitive assessment and rehabilitation market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Neurocognitive Assessment And Rehabilitation Market Include
1. Neurocognitive Assessment And Rehabilitation Market Executive Summary
2. Neurocognitive Assessment And Rehabilitation Market Segments
3. Neurocognitive Assessment And Rehabilitation Market Size And Template Market Growth Rate
4. Key Neurocognitive Assessment And Rehabilitation Market Trends
5. Major Neurocognitive Assessment And Rehabilitation Market Drivers
……
25. Key Mergers And Acquisitions In The Neurocognitive Assessment And Rehabilitation Market
26. Top Neurocognitive Assessment And Rehabilitation Companies
27. Neurocognitive Assessment And Rehabilitation Market Opportunities And Strategies
28. Neurocognitive Assessment And Rehabilitation Market, Conclusions And Recommendations
29. Appendix
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