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The global speech therapy market was worth $9.9 billion in 2023, and is expected to be worth $17 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.6% between 2023 and 2030. Language issues, speech disorders, swallowing problems, and neurological illnesses are all treated with speech therapy. Treatments include articulation therapy, language intervention, and others help people speak more clearly. Patients with both speech and language disorders struggle to express themselves.
In order to diagnose and treat problems with speech and language production, voice production, functional limitations, swallowing, cognitive-linguistic skills, and compensatory communication abilities, speech therapists offer a variety of services. Speech therapy is a medically essential treatment for restoring speech, swallowing, and other communication and swallowing-related skills once they have become impaired.
The global health care system has been thrown into disarray due to the COVID-19 epidemic. Several sectors, especially those related to health care, have been temporarily shut down as a result of the pandemic. However, the decrease in the number of speech language pathologists in the United States has had a severe impact on the speech therapy sector. An example is the impact the pandemic has had on neurorehabilitation and speech language therapy services, such as routine care being disrupted, as reported in a study titled "Impact of COVID-19 on the Speech and Language Therapy Profession and Their Patients" that was released in February 2021.
Private healthcare providers' bottom lines were negatively affected by the global COVID-19 pandemic and subsequent shutdown. Because of the widespread lockdown caused by the COVID-19 epidemic, the whole healthcare supply chain has been affected. There are three primary ways in which the COVID-19 epidemic has impacted economies around the world: (1) through direct effects on production and demand; (2) through interruptions in distribution systems; and (3) through monetary and stock market impacts on enterprises and institutions. Several nations, including Thailand, Indonesia, and Singapore, have distribution and shipping issues with medical supplies. Market players, however, have come up with numerous alternatives, such as online speech therapy, to ensure the continued expansion of the speech therapy market in the United States, even in the face of the COVID-19 epidemic. For instance, in July of 2020, Great Speech, Inc., an industry leader in virtual speech treatment, partnered with Ignyte Healthcare Strategies LLC, a provider of a wide range of Telehealth and eHealth technologies, to expand clientele's access to these alternatives.
The global market for communication and swallowing disorders is divided into submarkets such as neurological disorders and others. In 2021, the market was led by the category dealing with neurological diseases, and this trend is expected to continue throughout the forecast period. The increasing proportion of the elderly in the population is a key driver of this market, as this demographic is more vulnerable to neurological disorders. The percentage of the global population that is 65 or older is projected to increase from 9.3 percent in 2019 to 19.7 percent in 2050 in South Korea, according to the World Population Ageing report (2020). In 2019, that number was 2.37 million. Because of the prevalence of neurodegenerative diseases among the elderly, there will likely be an increased demand for speech therapy services as the population of the elderly grows.
Companies that specialise in delivering speech therapy, occupational therapy, and mental health services have attracted the attention of a number of private equity firms, which bodes well for the expansion prospects of existing participants in the U.S. speech therapy sector. For instance, in 2020, the private equity company New Capital Partners (NCP) and the OSF Health System's OSF Ventures (OSF) announced an investment in DotCom Therapy, Inc (DotCom Therapy), a virtual behavioural health solution for children and adults in the United States. Dotcom Therapy's patented technology and nationwide therapist network bring mental health counselling, speech therapy, occupational therapy, and autism spectrum disorder treatment directly to classrooms and homes across the United States.
Report Coverage
Global Speech Therapy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Speech Therapy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Speech Therapy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Speech Therapy market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Speech Therapy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Speech Therapy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Orient Speech Therapy Center Limited, Benchmark Physical Therapy Institute, Rehabilitation Associates Inc, LifePoint Health (Kindred Healthcare, LLC), National Institute of Physical Medicine and Rehabilitation, Reliant Rehabilitation, Madonna Therapy Plus, Humanus Corporation, Powerback Rehabilitation, Therapy Solutions Inc., Genesis Rehab Services, Smart Speech Therapy LLC, BenchMark Physical Therapy Institute, Easy Speech Therapy Center, LA Speech Therapy Solutions, Teamwork Therapies, and The Hello Foundation, Genesis Rehab Services, Smart Speech Therapy LLC, BenchMark Physical Therapy Institute, Easy Speech Therapy Center, LA Speech Therapy Solutions, Teamwork Therapies, and The Hello Foundation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Speech Therapy market based on the below-mentioned segments:
Global Speech Therapy Market, By Type
Speech Disorder
Neurological Conditions
Others
Global Speech Therapy market, By Age
Pediatrics
Adults
Global Speech Therapy Market, By End User
Hospitals
Clinics
Rehabilitation Centers
Global Speech Therapy market, Regional Analysis
In order to diagnose and treat problems with speech and language production, voice production, functional limitations, swallowing, cognitive-linguistic skills, and compensatory communication abilities, speech therapists offer a variety of services. Speech therapy is a medically essential treatment for restoring speech, swallowing, and other communication and swallowing-related skills once they have become impaired.
The global health care system has been thrown into disarray due to the COVID-19 epidemic. Several sectors, especially those related to health care, have been temporarily shut down as a result of the pandemic. However, the decrease in the number of speech language pathologists in the United States has had a severe impact on the speech therapy sector. An example is the impact the pandemic has had on neurorehabilitation and speech language therapy services, such as routine care being disrupted, as reported in a study titled "Impact of COVID-19 on the Speech and Language Therapy Profession and Their Patients" that was released in February 2021.
Private healthcare providers' bottom lines were negatively affected by the global COVID-19 pandemic and subsequent shutdown. Because of the widespread lockdown caused by the COVID-19 epidemic, the whole healthcare supply chain has been affected. There are three primary ways in which the COVID-19 epidemic has impacted economies around the world: (1) through direct effects on production and demand; (2) through interruptions in distribution systems; and (3) through monetary and stock market impacts on enterprises and institutions. Several nations, including Thailand, Indonesia, and Singapore, have distribution and shipping issues with medical supplies. Market players, however, have come up with numerous alternatives, such as online speech therapy, to ensure the continued expansion of the speech therapy market in the United States, even in the face of the COVID-19 epidemic. For instance, in July of 2020, Great Speech, Inc., an industry leader in virtual speech treatment, partnered with Ignyte Healthcare Strategies LLC, a provider of a wide range of Telehealth and eHealth technologies, to expand clientele's access to these alternatives.
The global market for communication and swallowing disorders is divided into submarkets such as neurological disorders and others. In 2021, the market was led by the category dealing with neurological diseases, and this trend is expected to continue throughout the forecast period. The increasing proportion of the elderly in the population is a key driver of this market, as this demographic is more vulnerable to neurological disorders. The percentage of the global population that is 65 or older is projected to increase from 9.3 percent in 2019 to 19.7 percent in 2050 in South Korea, according to the World Population Ageing report (2020). In 2019, that number was 2.37 million. Because of the prevalence of neurodegenerative diseases among the elderly, there will likely be an increased demand for speech therapy services as the population of the elderly grows.
Companies that specialise in delivering speech therapy, occupational therapy, and mental health services have attracted the attention of a number of private equity firms, which bodes well for the expansion prospects of existing participants in the U.S. speech therapy sector. For instance, in 2020, the private equity company New Capital Partners (NCP) and the OSF Health System's OSF Ventures (OSF) announced an investment in DotCom Therapy, Inc (DotCom Therapy), a virtual behavioural health solution for children and adults in the United States. Dotcom Therapy's patented technology and nationwide therapist network bring mental health counselling, speech therapy, occupational therapy, and autism spectrum disorder treatment directly to classrooms and homes across the United States.
Report Coverage
Global Speech Therapy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Speech Therapy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Speech Therapy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Speech Therapy market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Orient Speech Therapy Center Limited, Benchmark Physical Therapy Institute, Rehabilitation Associates Inc, LifePoint Health (Kindred Healthcare, LLC), National Institute of Physical Medicine and Rehabilitation, Reliant Rehabilitation, Madonna Therapy Plus, Humanus Corporation, Powerback Rehabilitation, Therapy Solutions Inc., Genesis Rehab Services, Smart Speech Therapy LLC, BenchMark Physical Therapy Institute, Easy Speech Therapy Center, LA Speech Therapy Solutions, Teamwork Therapies, and The Hello Foundation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Speech Therapy Market from 2021 to 2030.
- Market Forecast for Speech Therapy Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Speech Therapy competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Speech Therapy
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Speech Therapy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Speech Therapy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Orient Speech Therapy Center Limited, Benchmark Physical Therapy Institute, Rehabilitation Associates Inc, LifePoint Health (Kindred Healthcare, LLC), National Institute of Physical Medicine and Rehabilitation, Reliant Rehabilitation, Madonna Therapy Plus, Humanus Corporation, Powerback Rehabilitation, Therapy Solutions Inc., Genesis Rehab Services, Smart Speech Therapy LLC, BenchMark Physical Therapy Institute, Easy Speech Therapy Center, LA Speech Therapy Solutions, Teamwork Therapies, and The Hello Foundation, Genesis Rehab Services, Smart Speech Therapy LLC, BenchMark Physical Therapy Institute, Easy Speech Therapy Center, LA Speech Therapy Solutions, Teamwork Therapies, and The Hello Foundation
Primary Target Market
- Market Players of Speech Therapy
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Speech Therapy market based on the below-mentioned segments:
Global Speech Therapy Market, By Type
Speech Disorder
Neurological Conditions
Others
Global Speech Therapy market, By Age
Pediatrics
Adults
Global Speech Therapy Market, By End User
Hospitals
Clinics
Rehabilitation Centers
Global Speech Therapy market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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