Sharp Brains: Brain Fitness and Cognitive Health News

Neuroplasticity, Brain Fitness and Cognitive Health News

Icon

Report Highlights

Top High­lights from The State of the Brain Fit­ness Soft­ware Mar­ket 2009 Report

1. Growth mar­ket: Con­sumers, seniors’ com­mu­ni­ties and insur­ance providers drove year on year sus­tained growth, from $225m in 2007 to $265m in 2008. Rev­enues may reach between $1 bil­lion to $5 bil­lion by 2015, depend­ing on how impor­tant prob­lems (Pub­lic Aware­ness, Nav­i­gat­ing Claims, Research, Health Cul­ture, Lack of Assess­ment) are addressed.

2. Increased inter­est and con­fu­sion: 61% of respon­dents Strong­ly Agree with the state­ment “Address­ing cog­ni­tive and brain health should be a health­care pri­or­i­ty.” But, 65% Agree/Strongly Agree “I don’t real­ly know what to expect from prod­ucts mak­ing brain claims.”

3. Invest­ment in R&D seeds future growth: Land­mark invest­ments by insur­ance providers and gov­ern­ment-fund­ed research insti­tutes test­ing new brain fit­ness appli­ca­tions plant­ed new seeds for future growth.

4. Becom­ing stan­dard in res­i­den­tial facil­i­ties: Over 700 res­i­den­tial facil­i­ties – most­ly Inde­pen­dent and Assist­ed Liv­ing facil­i­ties and CCRCs – have installed com­put­er­ized cog­ni­tive train­ing pro­grams.

5. Cus­tomer sat­is­fac­tion: Con­sumers seem more sat­is­fied with com­put­er-based prod­ucts than paper-based options. But, sat­is­fac­tion dif­fers by prod­uct. When asked “I got real val­ue for my mon­ey”, results were as fol­lows: Lumosity.com (65% Agree), Puz­zle Books (60%), Posit Sci­ence (52%), Nin­ten­do (51%) agreed. Posit Sci­ence (53% Agree) and Lumosity.com (51%) do bet­ter than Puz­zle Books (39%) and Nin­ten­do (38%) at “I have seen the results I want­ed.”

6. Assess­ments: Increas­ing adop­tion of com­put­er-based cog­ni­tive assess­ments to base­line and track cog­ni­tive func­tions over time in mil­i­tary, sports, and clin­i­cal con­texts. The Alzheimer’s Foun­da­tion of Amer­i­ca now advo­cates for wide­spread cog­ni­tive screen­ings after 65–75.

7. Spe­cif­ic com­put­er­ized cog­ni­tive train­ing and videogames have been shown to improve brain func­tions, but the key ques­tions are, “Which ones”, and “Who needs what when?”

8. Aggres­sive mar­ket­ing claims are cre­at­ing con­fu­sion and skep­ti­cism, result­ing in a dis­tract­ing con­tro­ver­sy between two mis­lead­ing extremes: (a) “buy­ing prod­uct XYZ can reju­ve­nate your brain Y years” or (b) “those prod­ucts don’t work; just do one more cross­word puz­zle.” The upcom­ing book The Sharp­Brains Guide to Brain Fit­ness aims to help con­sumers nav­i­gate these claims.

9. Devel­op­ers can be clas­si­fied into four groups, based on our Mar­ket and Research Momen­tum analy­sis: we find 4 Lead­ers, 8 High Poten­tials, 3 Cross­words 2.0, and 6 Wait & See com­pa­nies.

10. Increased dif­fer­en­ti­a­tion: Lead­ing com­pa­nies are bet­ter defin­ing their val­ue propo­si­tion and dis­tri­b­u­tion chan­nels to reach spe­cif­ic seg­ments such as retire­ment com­mu­ni­ties, schools, or health­care providers.

And much more…See the Table of Con­tents

Pur­chase PDF Elec­tron­ic Copy
The State of the Brain Fitness/ Training Software Market 2009 report Click here for down­load. $1,295 (sin­gle-user license).
Pur­chase Hard­copy
The State of the Brain Fitness/ Training Software Market 2009 report Click here for hard­copy. $1,295 (sin­gle-user license).

If you want an Enter­prise License to share this research with oth­ers in your orga­ni­za­tion, please con­sid­er join­ing our Pre­mi­um Research Cir­cle.

Until March 31st, 2010, libraries can order report at 50% off price using dis­count code sharpli­brary. Libraries based in the USA will also receive 2 com­pli­men­ta­ry copies of the book The Sharp­Brains Guide to Brain Fit­ness. Offer is also valid for indi­vid­u­als and orga­ni­za­tions who order a hard­copy report and com­mit to donat­ing it to a library, in good shape, after con­sult­ing it.

For oth­er ques­tions, email us at reports@sharpbrains.com.

The State of the Brain Fit­ness Soft­ware Mar­ket 2009, at 50% off price. Using dis­count code sharpli­brary leaves this pre­mi­um report at $645 (offer valid until March 31st, 2010). Libraries based in the USA will also receive 2 com­pli­men­ta­ry copies of the book The Sharp­Brains Guide to Brain Fit­ness. Offer is valid for indi­vid­u­als and orga­ni­za­tions who order a hard­copy report and com­mit to donat­ing it to a library, in good shape, after con­sult­ing it.”