Speech Therapy Services Market Share, Size, Trends, Industry Analysis Report, By Indication (Autism Spectrum Disorder, Speech & Language Disorder); By Therapy Type; By Age Group; By End-use; By Region; Segment Forecast, 2024- 2032
- Published Date:Apr-2024
- Pages: 116
- Format: PDF
- Report ID: PM4890
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Speech Therapy Services Market size was valued at USD 32.25 billion in 2023. The market is anticipated to grow from USD 34.84 billion in 2024 to USD 68.66 billion by 2032, exhibiting the CAGR of 8.8% during the forecast period.
Market Overview
Key factors responsible for the market growth include rise in intellectual disabilities, damaged vocal cords, neurological condition causing damage to hearing and pronunciation, and people suffering with stuttering, apraxia, dysarthria and voice disorders (dysphonia). Speech therapy services, involve the diagnosis and treatment of speaking disorders and swallowing difficulties in children as well as adults. For the assessment of the disease, a range of clinical tools are used to assess the voice, language, fluency, speech, and swallowing abilities of patients. Moreover, speech therapy services are ideally used to treat communication disorders including difficulties with speaking, stuttering, understanding language, listening, writing, reading, social skills, and using voice.
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For instance, according to the statistics published by the U.S. Department of Health and Human Services, developmental language disorder, also referred to as specific language impairment, has a 7% prevalence of rate, approximately 1 in 14 children.
Speech therapy service for children would lead to improved communication, & active academic achievement. For adults, it would help to regain the ability of clear communication and improving overall quality of life. Speech therapy services are altered as per the patient’s needs, goals, and challenges. Therapeutic approaches include activities and exercises, aiming to improve functional communication and strengthen swallowing muscles in order to enhance their swallowing condition.
Growth Factors
Rising Incidence of Communication Disorders is Fostering the Demand for Speech Therapy Services
Communication disorders among infant and adults is paving the speech therapy services across the globe. These services induce sufferers to work on their speaking, language, and pronunciation with help of expert speech therapists. Communication disorders affect an individual’s ability to process the concepts necessary for communication. These disorders are likely to cause issues in hearing, language, & speech. Moreover, speech disorders can be detected early in a child’s development, or at an older age.
For instance, according to an article published by the Stuttering Association For The Young, over 70 million individuals across the globe, including 5% of all children, have a stuttering disorder.
Technological Advancements with AI Spurred the Adoption of Speech Therapy Services
Advancements in technology have augmented the demand for speech therapy services. The development of innovative mobile applications and tools have expanded the scope and accessibility of speech therapy, allowing for more personalized and convenient interventions for the patients. Artificial intelligence (AI) is revolutionizing speech therapy for the especially abled people across the globe. AI in speech therapy provides personalized activities, algorithms can analyze a child's speech patterns, improvement areas, targeted exercises for specific challenges.
Furthermore, investments in the sector anticipated to boost the speech therapy services adoption in the longer run. For instance, In September 2022, Murf AI, a synthetic speech technology startup, has raised USD 10 million in funding to propel their global expansion. Hence, technological advancements have enhanced the delivery of speech therapy services, contributing to the market growth.
Restraining Factors
Lack of Awareness Related to Speech Therapy Services is Likely to Limit the Market Growth
Many individuals and families may not fully understand the benefits of speech therapy services or recognize the symptoms and signs of communication disorders and swallowing difficulties. This lack of awareness is one of the significant factors that may deter the speech therapy services market growth over the forecast period. Moreover, addressing these limitations requires targeted efforts to raise awareness and educate the public about the importance of speech therapy for improving communication.
Report Segmentation
The market is primarily segmented based on indication, therapy type, age group, end-use, and region.
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By Indication |
By Therapy Type |
By Age Group |
By End-use |
By Region |
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By Indication Insights
Speech and Language Segment Held the Largest Market Share
The speech and language segment accounted for the largest market share in 2023. This dominance is primarily due to significant demand for social communication skills, and the prevalence of speech and language disorders. Stuttering is a common communication disorder with broken speech mediated by repetitions. Rising cases of stuttering is fostering the segment’s growth.
For instance, according to the article published by the Stuttering Foundation of America, 1% of the global population, approximately more than 80 million individuals have a stuttering disorder.
The neurological condition segment is anticipated to grow at the fastest CAGR over the forecast period. This growth is due to rise in neurological conditions such as brain injuries, stroke, Parkinson's disease, can profoundly impact speech, language, cognition, and swallowing functions. Neurological disorders are heterogeneous diseases that affect the body’s central autonomic, and peripheral nervous system.
For instance, according to the report issued by the United Nations (UN), nearly, 1 in 6 of the global population, are suffering from neurological disorders such as Alzheimer, Parkinson disease, brain injuries, and strokes.
By Therapy Type Insights
Articulation Therapy Segment Accounted for the Largest Market Share
The articulation therapy segment accounted for the largest market share. Segment’s growth attributed to the rising awareness of speech disorders and early diagnosis. The adoption of remote services for therapy as well as tele-therapy is a key driver bolstering the growth. This type of remedy is economical, convenient, as well as effective. As a result, the aforementioned factors have augmented the segment growth, in turn propelling the speech therapy services market growth.
The oral motor therapy segment is expected to grow at the fastest CAGR throughout the forecast period. Oral motor therapy is a specialized treatment focused on the assessment of oral motor skills, which are necessary for speech, swallowing, and other oral functions. Moreover, speech and swallowing disorders are common among Parkinson’s disease patients. For instance, according to the statistics reported by the Parkinson's Foundation, 1.2 million people in the U.S. are expected to be diagnosed with Parkinson's disease (PD) by 2030.
Regional Insights
The North American Region Dominated the Global Market in 2023
North America dominated the global market. The region’s growth is due to increase in research and development expenses for communication disorders, awareness among individuals regarding benefits of speech therapy, innovations in the voice therapy, and use of AI in speech articulation. For instance, in August 2023, Better Speech, an online speech therapy platform introduced AI to provide personalized speech therapy sessions, making the treatment more engaging, convenient, and affordable. Moreover, the rise in incidence of autism spectrum disorder (ASD) cases and neurological conditions has flourished the demand for speech therapy services in the region.
For instance, according to the report published by the U.S. Department of Health & Human Services, about 1 in 36 children have been identified with autism spectrum disorder (ASD) in the United States.
The Asia Pacific region is expected to be the fastest growing region with a healthy CAGR over the projected period, owing to increasing awareness and recognition of communication disorders, expansion of healthcare infrastructure, implementation of new government policies and initiatives, and others. Furthermore, the growing focus on improving healthcare in the region and development of new technologies is also contributing to the speech therapy services market growth.
For instance, the Government of India has launched a unique health insurance scheme for persons with autism. The scheme provides comprehensive cover of up to INR 1 lakh across all age bands.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The speech therapy services market is fragmented with presence of small and big players. Firms are constantly evolving to ensure, integrity and safety of the service delivery. Companies in the market are automating speech services with the help AI and machine learning to gain competitive advantage.
Some of the major players operating in the global market include:
- Benchmark Therapies Inc. (U.S.)
- CHEO (U.S.)
- Great Speech Inc. (U.S.)
- Humanus Corporation (U.S.)
- John McGivney Children's Centre (U.S.)
- Reliant Medical Group (U.S.)
- Smart Speech Therapy (U.S.)
- Speech Plus (India)
- Speech Therapy Services London Ltd (UK)
- SPEECH THERAPY SOLUTIONS INC. (U.S.)
- Speech Therapy Talk Services LLC (U.S.)
- Speechpathway.net (U.S.)
- Talk About Speech Pathology (Australia)
Recent Developments in the Industry
- In January 2024, Great Speech and Bennie announced a strategic partnership to expand access to virtual speech therapy.
Report Coverage
The Speech Therapy Services market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, indication, therapy type, age group, end-use, and their futuristic growth opportunities.
Speech Therapy Services Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 34.84 billion |
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Revenue forecast in 2032 |
USD 68.66 billion |
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CAGR |
8.8% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Key Companies |
Benchmark Therapies Inc.; CHEO; Great Speech Inc.; Humanus Corporation; John McGivney Children's Centre; Reliant Medical Group; Smart Speech Therapy; Speech Plus; Speech Therapy Services London Ltd; SPEECH THERAPY SOLUTIONS INC.; Speech Therapy Talk Services LLC; Speechpathway.net.; Talk About Speech Pathology |
FAQ's
The global speech therapy services market size is expected to reach USD 68.66 billion by 2032
Key players in the market are Benchmark Therapies Inc., CHEO, Humanus Corporation, Speech Therapy Solutions
North America contribute notably towards the global Speech Therapy Services Market
Speech Therapy Services Market exhibiting the CAGR of 8.8% during the forecast period.
The Speech Therapy Services Market report covering key segments are indication, therapy type, age group, end-use, and region.
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