The speech therapy services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Speech Therapy Services Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The speech therapy services market size has grown strongly in recent years. It
will grow from $9.15 billion in 2023 to $9.78 billion in 2024 at a compound
annual growth rate (CAGR) of 6.9%. The growth in the historic period can be
attributed to growing awareness of speech and language disorders, the rise in
the incidence of congenital disorders, changed demographics, and increased
screening for speech and hearing impairment.
The speech therapy services market size is expected to see strong growth in the
next few years. It will grow to $12.94 billion in 2028 at a compound annual
growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed
to teletherapy expansion, integration of AI and digital tools, focus on early
intervention, globalization of services, and demand from aging populations.
Major trends in the forecast period include mobile applications for therapy
support, personalized treatment approaches, virtual reality integration, remote
monitoring and data analytics, and interdisciplinary collaboration.
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Scope Of Speech Therapy Services Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Speech Therapy Services Market Overview
Market Drivers -
The increasing incidence of communication disorders is expected to propel the
speech therapy services market going forward. Communication disorders refer to
difficulties in speech, language, voice, fluency, and swallowing that affect an
individual's ability to communicate effectively. The increasing incidence of
communication disorders can be attributed to neurological disorders due to
damage to the brain's speech and language centers. Speech therapy services are
essential for diagnosing and treating various communication disorders, such as
dysphagia, aphasia, and voice disorders, through specialized interventions and
techniques. For instance, in March 2024, according to the National Institute on
Deafness and Other Communication Disorders (NIDCD), a US-based government
agency, developmental language disorder had a prevalence of 7%, or
approximately 1 in 14 children. Approximately 2% of children with a language
disorder also have an existing medical condition, such as autism or an
intellectual disability. 5% of U.S. children ages 3–17 have a speech disorder
that lasted for a week or longer during the past 12 months. Therefore, the
increasing incidence of communication disorders is driving the growth of the
speech therapy services market.
Market Trends -
Major companies operating in the speech therapy services market are focusing on
developing advanced technological solutions, such as AI-based speech therapy
platforms, to gain a competitive edge in the market. AI-based speech therapy
platforms refer to digital systems or software applications that utilize
artificial intelligence (AI) technology to provide speech therapy services
remotely. For instance, in August 2023, Better Speech, a US-based provider of
speech therapy services, launched Jessica, a groundbreaking AI speech
therapist, offering personalized therapy sessions accessible 24/7 from any
device. Jessica uses advanced technologies, such as speech recognition and
natural language processing, to assess and improve speech patterns, making
therapy more engaging, convenient, and affordable.
The speech therapy services market covered in this report is segmented –
1) By Therapy Type: Articulation Therapy, Language Intervention Therapy, Oral
Motor Therapy, Other Therapy Types
2) By Indication: Speech Disorder, Language Disorder, Apraxia, Autism Spectrum
Disorder (ASD), Other Types
3) By Application: Pediatrics, Adults, Elderly
4) By End-Use: Hospitals and Clinics, Rehabilitation Centers, Homecare Settings
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Regional Insights -
North America was the largest region in the speech therapy services market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the speech therapy services market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the speech therapy services market report are
<b>Children's Hospital of Eastern Ontario ; Reliant Rehabilitation
Holdings Inc.; Tender Touch Rehab Services Inc.; Reliant Medical Group; The
Speech Pathology Group; Linguarama International Group; Therapy Solutions LLC;
Speech Language and Educational Associates; Benchmark Therapies Inc.; Reliant
Pediatric Therapy Services PC; Expressable Inc.; Humanus Corporation; Vertis
Therapy; Achieve Therapy Inc.; Therapy Tree AZ; TherapyWorks Inc.; John
McGivney Children's Centre; Speech Therapy Group; Comprehensive Speech and
Therapy Center; CST Academy; Speechpathway.net; Glenda Browne Speech Pathology
Pty Ltd; TalkTime Speech Therapy LLC; Speech INC.; Rhind Speech Therapy
</b>
Table of Contents
1. Executive Summary
2. Speech Therapy Services Market Report Structure
3. Speech Therapy Services Market Trends And Strategies
4. Speech Therapy Services Market – Macro Economic Scenario
5. Speech Therapy Services Market Size And Growth
…..
27. Speech Therapy Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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