The global dyslexia treatment market is anticipated to touch a market worth USD 8008.9 million in 2033. The dyslexia treatment industry is to increase from USD 4352.0 million in 2023 and accelerate at a CAGR of 6.3% during the forecast period. Previously, between 2018 and 2022, the dyslexia treatment market increased at a pace of 5.8%.
Slow and inaccurate word recognition is a symptom of dyslexia. According to the Dyslexia Center of Utah, 70 to 80% of those with weak reading skills have dyslexia. This disorder is a neurodevelopmental condition and is often genetic.
Accurate and fluent word identification and spelling are challenges for people with developmental dyslexia. Some experts say 5 to 10% of people have this disorder. Others claim that as many as 17% of individuals display evidence of reading difficulties.
One of the most prevalent types of learning disabilities in children is dyslexia. Statistics show that one in ten people around the world has dyslexia. Recently, the dyslexia treatment market has seen a significant increase in demand.
A sizable portion of the population worldwide is suffering from this. Early dyslexia diagnosis makes it simple to address the challenges brought on by the disorder. Many children have overcome the challenges posed by mental imbalances brought on by dyslexia.
| Attribute | Dyslexia Treatments Industry (From 2018 to 2022) |
|---|---|
| CAGR | 5.8% |
| Market Size - 2018 | USD 3274.83 million |
| Market Size - 2022 | USD 4096.1 million |
| Attribute | Dyslexia Treatments Industry (From 2023 to 2033) |
|---|---|
| CAGR | 6.3% |
| Market Size - 2023 | USD 4352.0 million |
| Market Size - 2033 | USD 8008.9 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Demand for dyslexia treatments has significantly increased lately as this disorder affects a considerable percentage of the world's population. Dealing with the difficulties caused by dyslexia is made easy by an early diagnosis. People are adopting the treatment as early as possible to deal with this. Due to this timely adoption of dyslexia treatment, many kids have overcome the challenges.
Factors like rising healthcare infrastructure development costs, an increase in dyslexia cases worldwide, and a rise in the need for disease-specific innovative treatments are also promoting dyslexia treatment market expansion In addition to the early adoption of treatment. Further, the cost to the public of the failure to master fundamental reading skills during primary school is anticipated to surge the demand for dyslexia treatment. For instance,
A key obstacle is a lack of awareness regarding learning impairments, their symptoms, and underdiagnoses. Also, specialized education and testing accommodations, such as more time for homework, exams, and taking notes in class, may be necessary for dyslexic children. Lack of early dyslexia diagnosis is another factor anticipated to hinder the dyslexia treatment industry.
Excessive research and development expenditures and a scarcity of qualified workers may slow the dyslexia treatment market growth. Strict regulatory measures are limiting the market growth for dyslexia treatment.
Principal Consultant
Some indirect factors that may generate profitable market growth opportunities include rising personal disposable income and the substantial unmet demands for this condition. App developers can collaborate with curriculum designers, the government, educational institutions, and schools. Additionally, they can use charitable trusts for asset and start-up finance to expand their businesses. The system is becoming effective due to significant contributions from current dyslexia treatment manufacturers. Numerous fresh trends in the research of genetic disorders have emerged. This element can encourage dyslexia treatment market growth globally. The strategy and development of various dyslexia management methods may occur during the upcoming decades. In addition, the market treatments may follow a thriving direction in the coming years.
| Category | Distribution Channel |
|---|---|
| Leading Segment | Hospital Pharmacies |
| Segment Share | 55.1% |
Hospital pharmacies dominate the dyslexia treatment market due to various variables. Since hospitals are frequently vital facilities for detecting and treating dyslexia, they have direct access to people who require these therapies.
Neurologists and pediatricians are among the medical specialists at the hospitals that can prescribe and recommend dyslexia therapies. Also, this endorsement by medical specialists gives the products sold in hospital pharmacies legitimacy and trust.
The hospitals have a high patient volume, which increases the potential consumer base. These variables contribute to hospital pharmacies' dominance in dyslexia treatment sales.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Regions | Market CAGR (From 2023 to 2033) |
|---|---|
| Australia | 5.5% |
| China | 7.6% |
| India | 6.2% |
| The United Kingdom | 4.4% |
With a projected dyslexia treatment market share of 41% in 2023, North America is anticipated to maintain its position as the leading region. North America represented the most considerable dyslexia treatment market share due to the factors such as:
Researchers have shown that neural adaptation, or the brain's capacity to adjust to repeated information, is worse in patients with dyslexia. A startling 5 to 15% of Americans, or around 14.5 million to 43.5 million children and adults, have dyslexia, according to the Massachusetts Institute of Technology neuroscientists.
Dyslexia to cost California around USD 12 billion in 2020 and USD 1 trillion over the next 60 years, according to The Economic Impact of Dyslexia on California, a report issued in July 2020 by the United States-based Boston Consulting Group.
According to the National Centre for Education Statistics, students with learning disabilities drop out of high school more than two times as often (almost 36%) as other students (nearly 14%). North America’s dyslexia treatment market is expected to develop over the approaching years due to the reasons mentioned above.
| Region | Market Share (2033) |
|---|---|
| North America | 41% |
| Europe | 22.2% |
Europe is considered the second-leading region in the dyslexia treatment market. This region accounted for a market share of over 22.2% in 2023. Dyslexia is very high in Europe, as it is in North America. The dyslexia treatment manufacturers are using the acquisition technique to establish their market position.
The leading dyslexia treatment manufacturers are embracing new technologies to set themselves apart. For instance
The Norwegian software company Lingit, which provides literacy support for those with dyslexia, was purchased by the Nordic private equity firm Verdane Capital. The software helps a person with spelling, reading, and vocabulary in text-processing apps for computers and tablets.
According to Future Market Insights, the Asia Pacific region is anticipated to expand significantly throughout the forecast period, taking around 15% of the dyslexia treatment market by 2023. The key reasons behind the market expansion in Asia Pacific are:
The dyslexia treatment market in the Asia Pacific is projected to be driven by activities conducted by several organizations and NGOs to recognize and treat such illnesses.
| Region | Market Share - 2033 |
|---|---|
| The United States | 36.1% |
| Germany | 5.3% |
| Japan | 4.9% |
Dyslexia treatment manufacturers can utilize the following top marketing tactics to promote the market.
| Attributes | Details |
|---|---|
| Educational Content | Create and distribute educational content about dyslexia, its symptoms, prevalence, and the importance of early diagnosis and treatment. This can include blog posts, infographics, videos, and webinars to raise awareness and position the dyslexia treatment manufacturer as a trusted source of information. |
| Influencer Partnerships | Collaborate with reputable influencers, educators, or dyslexia advocates who have a significant following in the education and healthcare sectors. These influencers can share their experiences, reviews, and treatment recommendations, reaching a wide audience and building product credibility. |
| Medical Professional Endorsements | Obtain endorsements from medical professionals, such as neurologists, pediatricians, and psychologists specializing in dyslexia. These endorsements can be used in marketing materials and product packaging to instill confidence in potential buyers. |
| Online Advertising | Utilize targeted online advertising on platforms like Google Ads and social media to reach specific demographics, such as parents of dyslexic children or educators. Well-crafted ads can drive traffic to the manufacturer's website or online pharmacy partners for purchasing the treatments. |
| Patient Support Programs | Establish patient support programs that offer resources, guidance, and community support to individuals and families affected by dyslexia. These programs can foster customer loyalty and demonstrate the dyslexia treatment manufacturer's commitment to positively impacting dyslexia patients' lives. |
By engaging these marketing tactics, dyslexia treatment manufacturers can effectively stimulate dyslexia treatments, raise awareness, and propel dyslexia treatment sales while illustrating their dedication to supporting dyslexia patients and their families.
The dyslexia treatment market is extremely competitive due to the presence of many key players. These dyslexia treatment manufacturers are continuously putting efforts into research and developing innovations to provide better treatments to patients who have dyslexia.
The emergence of radical start-ups in the dyslexia treatment market is fueling many trends.
| Company | Understood |
|---|---|
| Strategy | Understood's Digital Publication Gives a Voice to the Unheard |
| Details | In February 2022, a new digital newsprint on Medium was created by Understood, which is a social impact non-profit organization that supports people with ADHD and dyslexia. It highlights experiences and stories that are solely from neurodivergent people. |
| Company | Microsoft |
|---|---|
| Strategy | Microsoft and Dyslexia Community Develop Dyslexia Training Program |
| Details | In February 2022, Microsoft and the Made by Dyslexia global community of people with dyslexia collaborated to create a dyslexia training curriculum that might assist all teachers in identifying, supporting, and empowering all dyslexic students. |
| Company | Intra-Cellular Therapies, Inc. |
|---|---|
| Strategy | FDA Grants Approval to CAPLYTA for Depressive Incidents in Bipolar Disorder |
| Details | In December 2021, Intra-Cellular Therapies, Inc. announced that the USA Food and Drug Administration (FDA) permitted CAPLYTA to treat depressive incidents related to bipolar I or II disorder in adults as monotherapy and adjunctive therapy with lithium or valproate. |
The growth potential of the market is 6.3% through 2033.
The Himmel Group, DK PharmChem, and Pfizer Inc. are some of the key companies in the market.
The market is valued at USD 4,352 million in 2023.
From 2018 to 2022, the market grew at a CAGR of 5.8%.
The global market size is to reach USD 8,008.9 million by 2033.
Explore Healthcare Insights
View Reports
Dyslexia Treatments Market
