Report Scope & Overview:
Speech Therapy Market was valued at USD 10.11 billion in 2022 and is expected to reach at USD 15.41 billion in 2030, and grow at a CAGR of 5.4% over the forecast period of 2023-2030.
The rising awareness among the developed and the emerging countries regarding the speech therapy is the driving factor for the speech therapy market, speech therapy is for someone who is suffering from Articulation disorders, Fluency Disorders, resonance disorders, Receptive disorders and so forth. The most beneficial factor of speech therapy market is it helps an individual to overcome the challenges regarding difficult in communicating, improving pronunciation, and many more. Communications is an essential factor for every individual and the age group really doesn’t play a big role, speech therapy can be for children’s or adults depending on the symptoms the person is facing, Speech therapy can help people build a good communication and self confidence in them, rising awareness about the speech therapy is the driving factor for the speech therapy market, and also the rising prevalence of communications disorders which increase the demand for the speech therapy can be considered as the opportunity for the market during the forecasted period. Though high cost of the speech therapy can obstruct the growth the speech therapy market. There are various organizations taking initiative to promote the awareness of speech therapy services is the opportunity for the key players to invest in the market which will optimize the growth factor during the forecasted period.
Impact of covid-19:
Covid 19 had a negative impact on the speech therapy market, the rules and guidelines of pandemic imposed by the government made it very difficult for the health experts to function in a proper way, because of the strict rules the patients were not able to visits the clinic on a regular basis, neither they were getting proper services which they use to get pre covid, According to the survey done by the Royal college of speech and language therapy RCSLT and the data which was recorded after the survey derived that the SLT services got interrupted also there was decline in the neurorehabilitation patients,
But the adaptions of teletherapy during the covid 19 somewhat worked in the favour of SLT services, as almost every industry adopted the trend of digitalization as that was the best alternative at that very moment.
Market Dynamics
Drivers
With the rising cases of the disability all around the globe which increase the demand of the SLT services has to be considered as the driving factor of speech therapy market, also the rise I the number of children’s facing communication problems which affect their ability to go to school surely increase the demand for the SLT services in the developed and the Undeveloped region.
Restrains
The cost of the SLT services which affects the market in a negative manner.
Opportunity
Challenge
The lack of skilled professionals in the healthcare industry to provide the SLT services and the adaptability of the teletherapy.
Segmentation
By Indication
Apraxia
OROFACIAL MYOFUNCTIONAL DISORDERS
Articulation Disorder
Stuttering
Receptive Disorder
Autism-related Speech Disorder
Resonance Disorder
Selective Mutism
BRAIN INJURY-RELATED SPEECH DISORDERS/DYSARTHRIA
ATTENTION DEFICIT/HYPERACTIVITY DISORDER SYMPTOMS
By Age
Children
Adults
Geriatric
By Product
Speech Generating Tools
Wearable Speech Devices
Electronic Fluency Devices/Anti-Stuttering Devices
Unaided Communication System
Mobile and Web-based Applications
By Facility
Hospitals & Clinics
Specialized Speech Centres
Home care
Rehabilitation Centre
Regional analysis.
North-America is expected to be the region with the highest market share because of the rising awareness of the SLT services and their rising cases of the SLT, the initiative taken by the government and the key players in these region to provide SLT services and also to create awareness in the emerging countries of this region are the factors which contribute to the growth of the speech therapy market.
APAC is expected to share the highest CAGR growth rate because of the rising awareness of the disability and the rising number of the cases in these region.
Recent Developments
Speechvive was approved by Medicare in which the expense will be covered under insurance which will increase the volume and will surely impact the Speech therapy market in appositive way.
The use of digital therapy by the Constant Therapy Health which will help elderly patient to reduce the rehabilitation costs.
Key Players:
The major key players are SpeechVive, Casa Futura Technologies, Lingraphica, Tiger DRS, Inc. , Otsimo, Constant Therapy Health., Crossuite, IOPI Medical, Virtual Speech Center, Inc., Liberator Pty Ltd. , Others
| Report Attributes | Details |
| Market Size in 2022 | US$ 10.11 Bn |
| Market Size by 2030 | US$ 15.41 Bn |
| CAGR | CAGR of 5.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Indication (Apraxia, OROFACIAL MYOFUNCTIONAL DISORDERS, Articulation Disorder, Stuttering, Receptive Disorder, Autism-related Speech Disorder, Resonance Disorder, Selective Mutism, BRAIN INJURY-RELATED SPEECH DISORDERS/DYSARTHRIA, ATTENTION DEFICIT/HYPERACTIVITY DISORDER SYMPTOMS) • By Age (Children, Adult, Geriatric) • By Product (Speech Generating Tools, Wearable Speech Devices, Electronic Fluency Devices/Anti-Stuttering Devices, Unaided Communication System, Mobile and Web-based Applications) • By Facility (Hospitals & Clinics, Specialized Speech Centres, Home care, Rehabilitation Centre) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | SpeechVive, Casa Futura Technologies, Lingraphica, Tiger DRS, Inc., Otsimo, Constant Therapy Health., Crossuite, IOPI Medical, Virtual Speech Center, Inc., Liberator Pty Ltd. |
| Key Drivers | • The rising awareness of SLT Services all around the globe. • The increase in the demand for the SLT services in the developed and the emerging countries as well. |
| Market Opportunities | • The increase in the initiatives taken by the government and organizations to spread the awareness among the people. |
The rising awareness of SLT Services all around the globe.
Speech Therapy Market was valued at USD 10.11 billion in 2022 and is expected to reach at USD 15.41 billion in 2030, and grow at a CAGR of 5.4% over the forecast period of 2023-2030.
speech therapy market is divided in four segments by Indication, by age, by product, by facility.
North-America is expected to be the region with the highest market share
Covid-19 had a negative impact on the speech therapy market.
Table of Contents
1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2.Research Methodology
3.Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4.Impact Analysis
4.1 COVID 19 Impact Analysis
5.Value Chain Analysis
6.Porter’s 5 forces model
7.PEST Analysis
8.Speech Therapy Market Segmentation By Indication
8.1 Apraxia
8.2 OROFACIAL MYOFUNCTIONAL DISORDERS
8.3 Articulation Disorder
8.4 Stuttering
8.5 Receptive Disorder
8.6 Autism-related Speech Disorder
8.7 Resonance Disorder
8.8 Selective Mutism
8.9 BRAIN INJURY-RELATED SPEECH DISORDERS/DYSARTHRIA
8.10 ATTENTION DEFICIT/HYPERACTIVITY DISORDER SYMPTOMS
9.Speech Therapy Market Segmentation By Age
9.1 Children
9.2 Adults
9.3 Geriatric
10.Speech Therapy Market Segmentation By Product
10.1 Speech Generating Tools
10.2 Wearable Speech Devices
10.3 Electronic Fluency Devices/Anti-Stuttering Devices
10.4 Unaided Communication System
10.5 Mobile and Web-based Applications
11.Speech Therapy Market Segmentation By Facility
11.1 Hospitals & Clinics
11.2 Specialized Speech Centres
11.3 Home care
11.4 Rehabilitation Centre
12.Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Speech Therapy Market by country
12.2.2North America Speech Therapy Market by Indication
12.2.3 North America Speech Therapy Market by Age
12.2.4 North America Speech Therapy Market by Product
12.2.5 North America Speech Therapy Market by Facility
12.2.6 USA
12.2.6.1 USA Speech Therapy Market by Indication
12.2.6.2 USA Speech Therapy Market by Age
12.2.6.3 USA Speech Therapy Market by Product
12.2.6.4 USA Speech Therapy Market by Facility
12.2.7 Canada
12.2.7.1 Canada Speech Therapy Market by Indication
12.2.7.2 Canada Speech Therapy Market by Age
12.2.7.3 Canada Speech Therapy Market by Product
12.2.7.4 Canada Speech Therapy Market by Facility
12.2.8 Mexico
12.2.8.1 Mexico Speech Therapy Market by Indication
12.2.8.2 Mexico Speech Therapy Market by Age
12.2.8.3 Mexico Speech Therapy Market by Product
12.2.8.4 Mexico Speech Therapy Market by Facility
12.3 Europe
12.3.1 Europe Speech Therapy Market by country
1.3.3.2 Europe Speech Therapy Market by Indication
12.3.3 Europe Speech Therapy Market by Age
12.3.4 Europe Speech Therapy Market by Product
12.3.5 Europe Speech Therapy Market by Facility
12.3.6 Germany
12.3.6.1 Germany Speech Therapy Market by Indication
12.3.6.2 Germany Speech Therapy Market by Age
12.3.6.3 Germany Speech Therapy Market by Product
12.3.6.4 Germany Speech Therapy Market by Facility
12.3.7 UK
12.3.7.1 UK Speech Therapy Market by Indication
12.3.7.2 UK Speech Therapy Market by Age
12.3.7.3 UK Speech Therapy Market by Product
12.3.7.4 UK Speech Therapy Market by Facility
12.3.8 France
12.3.8.1 France Speech Therapy Market by Indication
12.3.8.2 France Speech Therapy Market by Age
12.3.8.3 France Speech Therapy Market by Product
12.3.8.4 France Speech Therapy Market by Facility
12.3.9 Italy
12.3.9.1 Italy Speech Therapy Market by Indication
12.3.9.2 Italy Speech Therapy Market by Age
12.3.9.3 Italy Speech Therapy Market by Product
12.3.9.4 Italy Speech Therapy Market by Facility
12.3.10 Spain
12.3.10.1 Spain Speech Therapy Market by Indication
12.3.10.2 Spain Speech Therapy Market by Age
12.3.10.3 Spain Speech Therapy Market by Product
12.3.10.4 Spain Speech Therapy Market by Facility
12.3.11 The Netherlands
12.3.11.1 Netherlands Speech Therapy Market by Indication
12.3.11.2 Netherlands Speech Therapy Market by Age
12.3.11.3 Netherlands Speech Therapy Market by Product
12.3.11.4 Netherlands Speech Therapy Market by Facility
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Speech Therapy Market by Indication
12.3.12.2 Rest of Europe Speech Therapy Market by Age
12.3.12.3 Rest of Europe Speech Therapy Market by Product
12.3.12.4 Rest of Europe Speech Therapy Market by Facility
12.4 Asia-Pacific
12.4.1 Asia Pacific Speech Therapy Market by country
12.4.2 Asia Pacific Speech Therapy Market by Indication
12.4.3 Asia Pacific Speech Therapy Market by Age
12.4.4 Asia Pacific Speech Therapy Market by Product
12.4.5 Asia Pacific Speech Therapy Market by Facility
12.4.6 Japan
12.4.6.1 Japan Speech Therapy Market by Indication
12.4.6.2 Japan Speech Therapy Market by Age
12.4.6.3 Japan Speech Therapy Market by Product
12.4.6.4 Japan Speech Therapy Market by Facility
12.4.7 South Korea
12.4.7.1 South Korea Speech Therapy Market by Indication
12.4.7.2 South Korea Speech Therapy Market by Age
12.4.7.3 South Korea Speech Therapy Market by Product
12.4.7.4 South Korea Speech Therapy Market by Facility
12.4.8 China
12.4.8.1 China Speech Therapy Market by Indication
12.4.8.2 China Speech Therapy Market by Age
12.4.8.3 China Speech Therapy Market by Product
12.4.8.4 China Speech Therapy Market by Facility
12.4.9 India
12.4.9.1 India Speech Therapy Market by Indication
12.4.9.2 India Speech Therapy Market by Age
12.4.9.3 India Speech Therapy Market by Product
12.4.9.4 India Speech Therapy Market by Facility
12.4.10 Australia
12.4.10.1 Australia Speech Therapy Market by Indication
12.4.10.2 Australia Speech Therapy Market by Age
12.4.10.3 Australia Speech Therapy Market by Product
12.4.10.4 Australia Speech Therapy Market by Facility
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Speech Therapy Market by Indication
12.4.11.2 APAC Speech Therapy Market by Age
12.4.11.3 APAC Speech Therapy Market by Product
12.4.11.4 APAC Speech Therapy Market by Facility
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Speech Therapy Market by country
12.5.2 The Middle East & Africa Speech Therapy Market by Indication
12.5.3 The Middle East & Africa Speech Therapy Market by Age
12.5.4The Middle East & Africa Speech Therapy Market by Product
12.5.5 The Middle East & Africa Speech Therapy Market by Facility
12.5.6 Israel
12.5.6.1 Israel Speech Therapy Market by Indication
12.5.6.2 Israel Speech Therapy Market by Age
12.5.6.3 Israel Speech Therapy Market by Product
12.5.6.4 Israel Speech Therapy Market by Facility
12.5.7 UAE
12.5.7.1 UAE Speech Therapy Market by Indication
12.5.7.2 UAE Speech Therapy Market by Age
12.5.7.3 UAE Speech Therapy Market by Product
12.5.7.4 UAE Speech Therapy Market by Facility
12.5.8 South Africa
12.5.8.1 South Africa Speech Therapy Market by Indication
12.5.8.2 South Africa Speech Therapy Market by Age
12.5.8.3 South Africa Speech Therapy Market by Product
12.5.8.4 South Africa Speech Therapy Market by Facility
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Speech Therapy Market by Indication
12.5.9.2 Rest of Middle East & Asia Speech Therapy Market by Age
12.5.9.3 Rest of Middle East & Asia Speech Therapy Market Product
12.5.9.4 Rest of Middle East & Asia Speech Therapy Market by Facility
12.6 Latin America
12.6.1 Latin America Speech Therapy Market by country
12.6.2 Latin America Speech Therapy Market by Indication
12.6.3 Latin America Speech Therapy Market by Age
12.6.4 Latin America Speech Therapy Market by Product
12.6.5 Latin America Speech Therapy Market by Facility
12.6.6 Brazil
12.6.6.1 Brazil Speech Therapy Market by Indication
12.6.6.2 Brazil Africa Speech Therapy Market by Age
12.6.6.3 Brazil Speech Therapy Market by Product
12.6.6.4 Brazil Speech Therapy Market by Facility
12.6.7 Argentina
12.6.7.1 Argentina Speech Therapy Market by Indication
12.6.7.2 Argentina Speech Therapy Market by Age
12.6.7.3 Argentina Speech Therapy Market by Product
12.6.7.4 Argentina Speech Therapy Market by Facility
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Speech Therapy Market by Indication
12.6.8.2 Rest of Latin America Speech Therapy Market by Age
12.6.8.3 Rest of Latin America Speech Therapy Market by Product
12.6.8.4 Rest of Latin America Speech Therapy Market by Facility
13.Company Profile
13.1.SpeechVive
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product /Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2.Casa Futura Technologies
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product /Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Lingraphica
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product /Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Tiger DRS
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product /Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Otsimo
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product /Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Constant Therapy Health
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product /Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.6 Crossuite
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product /Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 IOPI Medical
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product /Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Virtual Speech Center, Inc.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product /Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Liberator Pty Ltd
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product /Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Others
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product /Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
14.Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
15.Used Cases and Best practices
16.Conclusion
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