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Dyslexia Treatment Market Size to hit $11.74 billion by 2031, growing at a CAGR of 6.4%, says Coherent Market Insights

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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 DyslexiaSurface DyslexiaDouble Deficit DyslexiaOthers

By Drug Class:

AntihistaminesCentral Nervous StimulantSelective Norepinephrine Reuptake InhibitorsOthers

By Distribution Channel:

Hospital PharmaciesRetail PharmaciesOnline Pharmacies

By Region:

North America:

U.S.Canada

Latin America:

BrazilArgentinaMexicoRest of Latin America

Europe:

GermanyU.K.SpainFranceItalyRussiaRest of Europe

Asia Pacific:

ChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia Pacific

Middle East:

GCC CountriesIsraelRest of Middle East

Africa:

South AfricaNorth AfricaCentral Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:
Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone: 
US: +1-206-701-6702
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India: +91-848-285-0837
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com
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SOURCE Coherent Market Insights

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Technology

A new product line to accelerate the automation of companies

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RIVIÈRE-DU-LOUP, QC, Sept. 27, 2024 /CNW/ – Automation has become critical for businesses to drive growth and performance. Companies need to accelerate their automation initiatives through more autonomous and intuitive solutions that can quickly deliver the benefits of robotics to enhance their efficiency and competitiveness.  

Driven by its commitment to innovation and supporting manufacturing companies in strengthening their operational efficiency, Premier Tech is introducing the future of automation thanks to its new product line TOMA™ – which aims to accelerate packaging automation projects through a comprehensive and intuitive do-it-yourself experience – hence delivering automation made friendustrial™.

The first product under the TOMA™ brand – and its underlying mindset – is a palletizing solution featuring the most advanced interface on the market, bringing together industrial robustness and user-friendliness with collaborative robotics. Thanks to its seamless integration requiring no coding, no engineering and no programming, both small and large manufacturers can access the benefits of automation, setting a new standard for efficiency and ease of use.

“Today, we are launching more than a product line. We are launching a totally new approach to automation — we are launching the ‘Automation made friendustrial™’ mindset. Our teams at Premier Tech Systems and Automation have successfully merged industrial-level efficiency with ease of operation. This was achieved by leveraging the cobot technology from Fanuc, the worldwide leader in robotics,” says Jean Bélanger, president and chief executive officer of Premier Tech.

This launch is backed by more than 35 years of experience in automation and palletization, combined with new technologies in cobotics and the strong commitment of Premier Tech in ensuring that advanced technologies are made available to a wide range of manufacturers.

TOMA™ comes with a new innovative business model harnessing the power of an online, seamless and intuitive do-it-yourself configuration. It will enable companies to look at their packaging operations from a new perspective and implement automation projects where the financial feasibility was yet under pressure.

“TOMA™ cobots allowed us to enhance the work ergonomics of our teams, meet their needs — especially for night shifts —, and increase our productivity. This new solution is robust, intuitive and easy to program. With its agility and reliability, we can use it in various workspaces according to our needs,” says Pascal Gagné, operations manager at Groupe TAQ and launch partner.

For more information on TOMA™ and see how your company can leverage this solution, visit www.tomarobots.com

About Premier Tech

At Premier Tech, we are all about making a difference by connecting People and Technologies for over 100 years. One team driven by a shared will to deliver sustainable solutions that help feed, protect and improve our world.

Premier Tech has a wide range of products, services, brands and technologies allowing to increase crop yields, bring beautiful gardens to life, automate the handling and packaging operations of many manufacturing facilities, treat and recycle water, support companies in their digital transformation and offer bio-ingredients for the well-being of humans and animals.

Premier Tech today records sales of more than one billion dollars and is growing internationally, driven by its 5  200 team members in 28 countries. This is our time as we move Beyond 100.

For more information about Premier Tech, visit www.premiertech.com

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SOURCE Premier Tech ltée

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Technology

InventHelp Inventor Develops Improved Wearable Blanket to Increase Warmth (TLS-4013)

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PITTSBURGH, Sept. 27, 2024 /PRNewswire/ — “I wanted to create a more comfortable and convenient blanket to provide warmth at home while relaxing or doing various chores without restricting your movement or use of hands,” said an inventor, from Batesville, Miss., “so I invented the HEAT WRAP. My design would offer an improved alternative to using portable heaters, conventional heated blankets, and heating pads.”

The patent-pending invention provides an improved design for a wearable blanket. In doing so, it would surround the wearer in cozy warmth. As a result, it increases comfort and relaxation. It also allows the user to stay productive at home and on the go. The invention features a versatile design that is easy to use so it is ideal for the general population, especially the elderly and those living in cold weather areas.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-TLS-4013, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

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Technology

Raken Expands Construction Equipment Management Solution With Enhanced Tracking, Reporting, and Maintenance

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SAN DIEGO, Sept. 27, 2024 /PRNewswire/ — Raken, the top-rated field management app for the construction industry, has expanded its equipment management capabilities to better help customers leverage their valuable assets.

The California-based software developer recently introduced new and enhanced workflows for detailed equipment tracking, automated reporting, and proactive maintenance. Combined with the app’s daily reports, time tracking, safety and quality management tools, and document management, this update to their equipment management features further establishes Raken as the all-in-one solution for improving field productivity and visibility.

Built with purpose

Raken developed its new, improved equipment management tools to meet one of the industry’s most vital needs. Equipment is a significant cost for most construction companies, who spend hundreds of thousands to millions of dollars buying, renting, and maintaining equipment every year.

“Knowing where equipment is, who is using it, and what condition it’s in is critical in construction,” said Mike Bates, VP of Corporate Strategy. “Raken makes it easy to capture and analyze key data points so you can protect and maximize your investment.”

Track, maintain, and report on owned and rented equipment

Contractors can improve equipment utilization and maintenance with Raken, helping to keep their projects on schedule and under budget.

Benefits for the field and office include:

Easily add new or update equipmentSee where each piece of equipment is located and its conditionTrack details such as deployment history, hours, mileage, and fuel consumptionReport on critical metrics to help reduce idle time, manage costs, improve operator productivity and moreMonitor deficiencies, maintenance schedules, and return dates

Raken’s equipment management tools include an automated dashboard for analyzing utilization trends, productivity, fuel consumption and Co2 emissions. Users can also run snapshot reports organizing equipment by custom criteria and view detailed deployment and usage summaries.

The app also allows users to enable automatic email notifications for scheduled repairs, returns, and maintenance, plus quickly track deficiencies by operator to provide targeted training or guidance.

“Raken now provides an even clearer view of all your assets across your company and projects, so you can maximize usage, better manage your budgets, and extend the lifespan of your equipment,” said Mike Bates.

Launching soon

Raken will continue to grow equipment management capabilities based on industry trends and customer feedback. Additional tools for tracking and reporting on small equipment units and status are currently in development, and will be released in the coming months.

About Raken

Raken is an all-in-one field management solution for the construction industry that uses mobile technology to streamline field workflows and build better projects. Designed for ease-of-use, our software empowers crews to quickly and easily share real-time data and updates from the jobsite. Raken helps customers increase project visibility and compliance with digital daily reports, time and production tracking, comprehensive safety tools, document management, and more. To learn more, visit www.rakenapp.com.

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SOURCE Raken

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