According to Neurogadget, the digital brain health market will reach $1 billion in 2012 and $6 billion by 2020. The report also provides information on transforming health with digital tools to assess, monitor, and enhance cognition across the lifespan analyzes data and trends in mainstream digital technologies in different customer segments.
The report says that, the digital brain health market has grown from $600 million in annual revenues in 2009 inspite of economic downturn, and is expected to reach more than $1 billion by the end of 2012. More than two billion people worldwide are currently suffering from brain-based health and productivity challenges; hence the digital brain health market is expecting to see a new generation of technologies and methodologies which will be developed and implemented to tackle this challenge in efficient and scalable ways.
The report also forecasts that the digital brain health market will to grow exponentially between $4 and $10 billion by 2020 and also predicted that the Asia Pacific region might beat North America and Europe by 2017.
Reports say that, according to the analysis made from more than 200 companies operating in digital brain health sector, 94% of consumers have agreed that healthcare priority must be given to cognitive and brain health, 83% of consumers have agreed to get an annual mental check-up which is a brief assessment done every year and the same percentage has agreed that the adults of all ages should take charge of their own brain fitness, without waiting for their doctors to tell them to and 73 % of the consumers have agreed that, digital technologies will significantly complement other behavioural and drug-based interventions.
Key features of the report:
This report is mainly used to analyze data and trends in four key customer segments and in two types of digital technology such as software which includes fully computerized cognitive training and behavioural therapies and biometrics which is based monitoring and brain training solutions that measure physiological responses such as heart rate variability and electroencephalography.