Learning Disabilities Treatment Market Projected to Garner Significant Revenues by 2024

Learning Disabilities Treatment Market: Introduction

According to the report, the global learning disabilities treatment market was valued at ~US$ 3 Bn in 2018 and is projected to expand at a considerable CAGR during the forecast period. Learning disability can be defined as significant reduction in the ability to understand complex or new information; difficulty in learning new skills, and a reduced ability to cope independently. Various aspects in which individuals with learning disabilities face problems include learning new things, managing money, learning, reading, and writing. The modes of treatment available for various forms of learning disabilities include therapies, assistive technology tools, and handwriting training tools. The growth of the global learning disabilities treatment market can be attributed to annual increase in number of students requiring special education.

According to the Department of Education report, in the U.S., the number of students aged 3 years to 21 years receiving special education services increased from 6.6 million in 2015 to 6.7 million in 2017. Among them, over 34% of the students had learning disabilities, of which over 20% of them had speech or language impairments.

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North America dominated the global learning disabilities treatment market in 2018 and the trend is anticipated to continue during the forecast period. The strong growth of the market in the region can be attributed to the availability of technologically advanced products, changing government regulations, and rise in prevalence of learning disabilities among people. In addition, growing awareness among people and increase in student enrollment for special education aid in the growth of the market in the region.

Government Initiatives to Enhance Focus on Learning Disabilities

Governments have been taking various initiatives to enhance the lives of the people suffering from learning disabilities. For instance, the Government of England and NHS are focused on reducing health inequalities for people with learning disabilities and have established various national programs to enhance the treatments and outcomes. Furthermore, recently the NHS Long Term Plan recognized learning disabilities and autism as clinical priority areas. These government initiatives are expected to aid in creating awareness about learning disabilities, which, in turn, is likely to boost the growth of the market.

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Dyslexia Disease to Lead Global Market

In terms of disease type segment, dyslexia is likely to account for a major share of the global learning disabilities treatment market during the forecast period. The growth of the segment can be attributed to its high prevalence. It is one of the most common forms of learning disability among children. Growing awareness of learning disabilities among people contributes to the early diagnosis of the disease, aiding in the growth of the treatment market. The effective treatment modes for dyslexia include academic therapy, audiobooks, and usage of text reading and word processing computer programs.

Therapy to be Most Common Treatment

In terms of treatment segment, therapy is likely to account for a major share of the global learning disabilities treatment market during the forecast period. Growth of the segment can be attributed to therapy being one of the most common form of treatments sought post identification of disability. The most preferred mode of treatment for learning disabilities include special education or speech and language therapy. Therapists help individuals identify and understand their learning disabilities

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Learning Disabilities Treatment Market: Prominent Regions

The global learning disabilities treatment market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global learning disabilities treatment market in 2018. The U.S. is the major market in the region. The growth of the market in the region can be attributed to increase in awareness among people concerning learning disabilities, increase in incorporation of assistive tools such as sound field systems in regular classroom education, and rise in prevalence of learning disabilities. The learning disabilities treatment market in Asia Pacific is likely to expand at a high CAGR from 2019 to 2027. Expansion of the market in the region is likely to be driven by developing countries such as China and India. The growth of the market in the region can be attributed to the rise in prevalence of dyslexia, dysgraphia, and other learning disabilities. Moreover, initiatives taken by various groups and NGOs to identify and treat such conditions are expected to drive the market in Asia Pacific.

Focus on Product Launches by Key Players to Propel Global Market

The global learning disabilities treatment market is fragmented, in terms of number of players. Key players operating in the global learning disabilities treatment market are Sonova Group, Sensory, Inc., Vocalect Biometric Solutions, LLC, Ginger Software, Inc., Koninklijke Philips N.V., Sight and Sound Technology, Oticon, Adaptive Tech Solutions, LLC, Speech Therapy Works, Youth Living Skills, and ZYGO-USA.

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In February 2020, RAZ Mobility, a provider of mobile assistive technology, launched RAZ Memory Cell Phone, for individuals with intellectual disabilities. In 2013, Philips launched LightAide, portable device including over 224 multicolored LED lights and oversized switch buttons manageable for little hands with limited motor skills.

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