Dyslexia Treatment Market Is Projected To Reach USD 38,514.67 Million, Enlisting a CAGR Of 7.10% By 2027

With dyslexia, a medical disorder, the patient has trouble writing, reading, and recalling new or challenging words. It is a neurological learning condition that affects several parts of the human body. By using specialised teaching methods, dyslexia may be corrected in young children. The rising incidence of dyslexia and the rising number of apps being developed to treat dyslexia, among other factors, are predicted to propel the expansion of the global market for dyslexia treatments. However, the market for dyslexia treatments is constrained by a lack of knowledge about dyslexia, its symptoms, and underdiagnosis. On the other hand, partnerships with educational institutions, postsecondary institutions, and nonprofit organisations offer profitable potential for market participants in the dyslexia treatment sector.

Global dyslexia treatment market size is projected to be worth USD 38,514.67 million by 2027, registering a CAGR of 7.10 % during the forecast period (2020 – 2027)

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Regional insights:

The US and Canada are separate segments of the North American market. Due to its established healthcare infrastructure, welcoming government policies, the presence of significant important firms headquartered in the area, including Jubilant Cadista (US) and Speechify (US), and its high incidence of dyslexia, North America held the greatest market share of 5.79%. A learning-based problem, most frequently dyslexia, affects one in five pupils, or 15% to 20% of the US population, according to the Dyslexia Center of Utah.

The market for dyslexia detection and treatment was mostly based in Europe. Similar to North America, dyslexia is very common in Europe. 15% of people in Europe are dyslexic, according to a December 2019 report from The Institute of Entrepreneurship Development (iED). Furthermore, a significant portion of the 15% of people with dyslexia who also have other comorbid conditions. Around 20 to 55 percent of those with dyslexia experience dyslexia, 20 to 40 percent dyscalculia, and 10 to 20 percent anxiety problems.

Market segmentation:

Type, treatment and diagnosis, end-user, and geography are the key segments used to describe the worldwide dyslexia treatment market.

By Kind

Dialectical dyslexia

The most prevalent kind of dyslexia, phonological dyslexia causes patients to have a very difficult time reading. The patient with this form of dyslexia struggles to comprehend sounds and other auditory information.

Skin-deep dyslexia

Visual or dyseidetic dyslexia are other names for surface dyslexia. Contrary to phonological dyslexia, people with surface dyslexia often perform well when it comes to phoneme awareness, but they struggle to understand words that are spelt differently from their sounds.

Others: Dysphonetic dyslexia, double deficit dyslexia, and attention dyslexia are some of the other forms of dyslexia. The patient with dysphonetic dyslexia is unable to read individual letters or syllables from words.

Based on diagnosis and treatment

Treatment: Although there is no one way to cure dyslexia, it can be improved via individualised treatment choices with early identification and thorough examination. Most of the treatments for dyslexia are experimental and are given on an individual basis. Reading comprehension for persons with dyslexia may benefit from the ability to adjust the way words appear on the screen in e-readers and tablets.

Diagnosis: Clinical diagnosis of dyslexia are made using a compilation of information from multiple sources, including reading and language tests, observations of speaking and reading, and personal and family histories.

By the user: Specialised locations for the treatment of mental health diseases are known as specialty centres. Due to the fact that children with dyslexia typically also have another psychological problem, specialty centres have become more popular in dyslexia situations.

Care at Home: The youngster encounters the safest atmosphere, which is perfect for learning, at home. In addition, there are many resources available to assist people read better at home, including apps, e-readers, virtual consultations, and more.

Clinics & Hospitals: Due to the accessibility of hospitals and the availability of medical specialists like psychologists and neurologists, hospitals and clinics are predicted to hold a substantial market share.

Key Players:

Pfizer, Inc. (US),Speechify Inc. (US),Jubilant Pharma Limited (Singapore),Lingit AS (Norway),Soli (UK),Novartis AG (Switzerland),Lyfta (UK),GlaxoSmithKline (UK),Teva Pharmaceutical Industries Ltd (Israel),Eli Lilly & Company (US),RPG Life Sciences Ltd (India),Hopalai D.O.O. (Slovenia)

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