BURLINGAME, Calif., July 22,
2024 /PRNewswire/ -- The global Dyslexia
Treatment Market is projected to grow from USD 7.59 billion in 2024 to USD 11.74 billion by 2031, with a compound annual
growth rate (CAGR) of 6.4% from 2024 to 2031, as per a recent
report by Coherent Market Insights. Increasing understanding
about learning difficulties like dyslexia, more parents are
understanding the need for specialized treatment options. Various
non-profit organizations and advocacy groups are promoting
screening and early detection of dyslexia in schools. Their efforts
are helping identify students who need support and
accommodation.
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Market Dynamics:
The dyslexia treatment market is driven by growing awareness
regarding early dyslexia diagnosis and treatment. Various
initiatives undertaken by governments and non-profit organizations
to educate people about dyslexia symptoms and available treatment
options are also expected to aid market growth. Additionally, the
introduction of novel screening and assessment tools for
identifying dyslexia at an early stage is estimated to present
lucrative opportunities. However, the high cost of specialized
dyslexia treatment and diagnosis is expected to hinder the market
growth.
Dyslexia Treatment Market Report Coverage
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$7.59
billion
|
Estimated Value by
2031
|
$11.74
billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 6.4%
|
Historical
Data
|
2019–2023
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Type, By Drug Class,
By Distribution Channel
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Growth
Drivers
|
- Increasing Research
and Development Activities by Key Market Players
- Growing Awareness
and Social Acceptance of Dyslexia
|
Restraints &
Challenges
|
- Lack of Trained
Professionals
- Social
Stigma
|
Market Trends:
Audio-visual stimulation therapy and brain training programs
have gained immense popularity in recent years. Many clinics and
schools are implementing specialized programs that involve the use
of technology such as audio books, music therapy, and
computer-assisted reading programs to aid dyslexic children.
Neuromodulation techniques such as repetitive transcranial magnetic
stimulation (rTMS) are also emerging as promising treatment
avenues. rTMS involves using magnetic fields to stimulate targeted
areas of the brain and help reorganize dysfunctional neural
connections related to reading, writing and language processing in
dyslexia patients.
Market Opportunities:
Phonological dyslexia is the most common type of dyslexia. It
occurs due to impaired ability to relate sounds to letters. Around
75% of people with dyslexia have phonological dyslexia. The
increasing awareness campaigns by non-profit organizations are
highlighting this fact and driving more people towards seeking
effective treatment options for phonological dyslexia. Various
methods such as Orton-Gillingham and Lindamood Bell programs focus
on phonological awareness, letter-sound association and decodable
texts. The growth in personalized therapies and digital learning
tools for phonics-based reading is expected to provide lucrative
opportunities in this segment.
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With advancements in digital health technologies, home care
delivery models for dyslexia treatment are gaining popularity.
Products like speech recognition software, audio books, apps for
testing & remediation are easy to access from home and provide
flexible options for users. They are finding wide acceptance for
supporting independent learning, continued practice and screening
of dyslexia symptoms. This reduces the burden on hospitals and
clinics. Specialized home care service providers are emerging who
offer teletherapy, online tutoring and mentoring for dyslexic
individuals. The comfort, affordability and growing remote care
trend is driving the demand in the home care segment.
Key Market Takeaways
The global dyslexia treatment market size was valued at
USD 7.59 billion in 2024 and is
anticipated to witness a CAGR of 6.4% during the forecast period.
Increasing public awareness about dyslexia diagnosis and
availability of various rehabilitation options are fueling the
market growth.
By type, phonological dyslexia segment holds the largest share
owing to its high prevalence rate. Phonics-based therapies are very
effective for this type of dyslexia.
On the basis of end users, specialty centers segment dominates
the market due to availability of dedicated dyslexia specialists
and multidisciplinary treatment approaches under one roof.
North America has emerged as
the leading regional market on account of established healthcare
infrastructure and favorable government policies for learning
disabilities in the US and Canada.
Key players operating in this space include Pfizer, Inc.,
Speechify Inc., and Jubilant Pharma Limited among others. These
companies are focusing on new product launches and geographical
expansion to strengthen their market position.
Recent Developments:
In December 2022, The All-India Institute of Medical
Sciences (AIIMS) announced the development of an app to help cure
dyslexia in children. This app, being made under AIIMS Pediatric
Neurology Dyslexia Remedial Intervention Program that has eight
modules will allow dyslexia treatment to be done sitting at
home.
In August 2021, An Australian
ed-tech start-up named Dystech, has created a dyslexia screening
tool for the early identification of learning disabilities and has
raised $290K to advance the
development of its Dyscover platform and make it accessible to
schools and allied health professionals around the world.
To conclude, the dyslexia treatment market offers promising
prospects backed by ongoing research on innovative drugs and
technologies. Increasing collaborations between industry and
non-profits augur well for the industry.
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Detailed Segmentation-
By Type:
- Phonological Dyslexia
- Surface Dyslexia
- Double Deficit Dyslexia
- Others
By Drug Class:
- Antihistamines
- Central Nervous Stimulant
- Selective Norepinephrine Reuptake Inhibitors
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Region:
North America:
Latin America:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Europe:
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East:
- GCC Countries
- Israel
- Rest of Middle East
Africa:
- South Africa
- North Africa
- Central Africa
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