Speech Therapy Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Speech Therapy Market: By Age (Pediatric, Adults, and Geriatric), Indication (Speech Disorder, Language Disorder, Apraxia, Autism Spectrum Disorder (ASD), and Others), End User (Schools, Bilingual Programs, Workplaces, Hospitals, and Others), and Geography

 

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Report

Description

Speech Therapy Market size was valued at USD 9,372.5 Million and is poised to grow at a significant CAGR of 6.1% over the forecast period of 2022-2028. Treatment of issues connected to speech and communication is the central aspect of speech therapy services. This covers the many ways to treat patients based on the problem to strengthen the muscles and enhance voice clarity and articulation. These include physical exercises, speech drills, sound production practice, etc. People who have difficulty pronouncing words correctly are also treated in speech therapy. According to market trends for speech therapy, end users, including schools, bilingual programs, workplaces, and private practices, will require more treatments, boosting the speech therapy services market soon. Loss of speech and communication is closely related to aging. As the number of people with speech issues rises quickly, the aging population will present opportunities for speech therapy service providers to balance deficits. This increase in the prevalence of speech problems will increase the speech therapy market size in the forecast period. The growing number of hearing impairments linked with neurological illnesses affecting baby boomers will increase the demand for speech pathologists who, along with the therapy, also treat the pathological reason behind the problem. Thus, the speech pathology market will soon flourish with the increasing difficulty of neurological disorders related to speech, hearing, and swallowing. Premature newborns, trauma, and stroke sufferers now have a higher survival rate due to advance medical technology, which necessitates evaluation and potential therapy for speech-related issues as trauma mainly affects the neurological pathway for proper speech and understanding of words. This incorporates speech therapy as a mandatory procedure for the completion of treatment. Thus, the market for speech therapy gets a new potential to flourish in the upcoming decades. Over the following years, demand for speech therapy services will rise as people become more aware of the value of early diagnosis and identification in newborns. More babies are being screened for speech and hearing difficulty to get adequate treatment services, creating new opportunities for established and up-and-coming market participants. The demand for speech therapy services is rising for kids in special education in elementary and secondary schools. The need for contract-based and natural treatments for patients in hospitals, schools, and healthcare facilities is anticipated to increase soon, driving the expansion of speech therapy services. Low reimbursement is the primary restraint for the speech therapy market from growing. Moreover, the non-coverage of health insurance is also a significant inhibitor to the smooth growth of the speech therapy market.

 

Key Developments:

In August 2022, The National Association for Child Development announced the re-release of their very effective and successful app that addresses Childhood Apraxia of Speech/dyspraxia, as well as apraxia of speech in adults.

In March 2022, two pediatric speech and language therapists launched the world’s first online speech therapy club to address the global crisis affecting preschoolers worldwide in the hope of helping this generation start talking.

Speech Therapy Market

MARKET SUMMARY
-
6.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Speech Therapy Market

  • The global speech therapy market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global speech therapy market gives historical, current, and future market sizes on the basis of based on age, indication, end user, and geography.
Key Players
  • Benchmark Therapies
  • Smart Speech Therapy
  • Language Therapy
  • Therapy Solutions
  • Speech Pathways
Speech Therapy Market Dynamics

According to a WHO report, the most populous country in the world is witnessing a decline in its youth population with an increase in its geriatric population. This is not only the scenario of one nation; globally, there is a decline in the birth rate, thus increasing the senior population. Speech problems, both psychological and neurological, are familiar with the advancement of age. Therefore, most of the geriatric population is affected with disorders in speech and understanding of words has swelled the demand for speech therapists in the recent year, which will thrust the growth of the speech therapy market in the forecast period. Further, the incidence of genetic disorders in newborn babies is increasing nowadays. Genetic diseases are commonly associated with speech disorders. 1 in 100 children is affected by autism worldwide. This prevalence of speech disorders is the main factor for the growth of speech therapy services and speech pathology markets.


North-America Got Significant Share

Speech Therapy Market

The North American region holds the highest revenue share in the year 2021. The increasing geriatric population in the regional country, along with the high prevalence of autism in this region (1 in 44 births; more than 5.4 million adults in the USA), is the main driving factor for the market in this region to grow, for which the market is expected to grow at a CAGR of 5.8% in the forecast period. This is followed by the European market and the Asia-Pacific market. The lifestyle change, increase in awareness, growth in speech disorder prevalence, and increase in geriatric population in the world’s most populous countries like India and China will drive the fastest growth in the Asia-Pacific region. Overall, the improvement of quality of healthcare service, government-level effort, and reimbursement provide the base support for the market to grow in this region during the analysis period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The speech therapy market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Speech Therapy Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The speech therapy market is projected to expand at a CAGR of 6.1% during the forecast period

Benchmark Therapies, Smart Speech Therapy, Language Therapy, John McGivney Children’s Centre, Therapy Solutions, Speech Pathways

North America is the fastest-growing region for the speech therapy market


Report

Table Of Content

1. Executive Summary
2. Global Speech Therapy Market Introduction
2.1. Global Speech Therapy Market – Taxonomy
2.2. Global Speech Therapy Market –Definitions
2.2.1. By Age
2.2.2. By Indication
2.2.3. By End User
2.2.4. By Region
3. Global Speech Therapy Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Speech Therapy Market Dynamic Factors – Impact Analysis
3.6. Global Speech Therapy Market – Competition Landscape
3.7. Epidemiology
4. Global Speech Therapy Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Speech Therapy Market, By Age, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Pediatric
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Adult
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Geriatric
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Speech Therapy Market, By Indication, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Speech Disorder
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Language Disorder
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Apraxia
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Autism Spectrum Disorder (ASD)
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Speech Therapy Market Forecast, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Schools
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Bilingual Programs
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Workplaces
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Hospitals
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Speech Therapy Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Speech Therapy Market – Opportunity Analysis Index, By Age, By Indication, By Uses, and Region, 2022 – 2028
9. North America Speech Therapy Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Age Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Pediatric
9.1.2. Adult
9.1.3. Geriatric
9.2. Indication Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Speech Disorder
9.2.2. Language Disorder
9.2.3. Apraxia
9.2.4. Autism Spectrum Disorder (ASD)
9.2.5. Others
9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Schools
9.3.2. Bilingual Programs
9.3.3. Workplaces
9.3.4. Hospitals
9.3.5. Others
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Speech Therapy Market – Opportunity Analysis Index, By Age, By Indication, By Uses and Country, 2022 – 2028
9.6. North America Speech Therapy Market Dynamics – Trends
10. Europe Speech Therapy Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Age Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Pediatric
10.1.2. Adult
10.1.3. Geriatric
10.2. Indication Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Speech Disorder
10.2.2. Language Disorder
10.2.3. Apraxia
10.2.4. Autism Spectrum Disorder (ASD)
10.2.5. Others
10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Schools
10.3.2. Bilingual Programs
10.3.3. Workplaces
10.3.4. Hospitals
10.3.5. Others
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Speech Therapy Market – Opportunity Analysis Index, By Age, By Indication, By Uses and Country, 2022 – 2028
10.6. Europe Speech Therapy Market Dynamics – Trends
11. Asia-Pacific Speech Therapy Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Age Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Pediatric
11.1.2. Adult
11.1.3. Geriatric
11.2. Indication Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Speech Disorder
11.2.2. Language Disorder
11.2.3. Apraxia
11.2.4. Autism Spectrum Disorder (ASD)
11.2.5. Others
11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Schools
11.3.2. Bilingual Programs
11.3.3. Workplaces
11.3.4. Hospitals
11.3.5. Others
11.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Speech Therapy Market – Opportunity Analysis Index, By Age, By Indication, By Uses and Country, 2022 – 2028
11.6. Asia-Pacific Speech Therapy Market Dynamics – Trends
12. Latin America Speech Therapy Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Age Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Pediatric
12.1.2. Adult
12.1.3. Geriatric
12.2. Indication Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Speech Disorder
12.2.2. Language Disorder
12.2.3. Apraxia
12.2.4. Autism Spectrum Disorder (ASD)
12.2.5. Others
12.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Schools
12.3.2. Bilingual Programs
12.3.3. Workplaces
12.3.4. Hospitals
12.3.5. Others
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Speech Therapy Market – Opportunity Analysis Index, By Age, By Indication, By Uses and Country, 2022 – 2028
12.6. Latin America Speech Therapy Market Dynamics – Trends
13. Middle East and Africa Speech Therapy Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Age Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Pediatric
13.1.2. Adult
13.1.3. Geriatric
13.2. Indication Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Speech Disorder
13.2.2. Language Disorder
13.2.3. Apraxia
13.2.4. Autism Spectrum Disorder (ASD)
13.2.5. Others
13.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Schools
13.3.2. Bilingual Programs
13.3.3. Workplaces
13.3.4. Hospitals
13.3.5. Others
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Speech Therapy Market – Opportunity Analysis Index, By Age, By Indication, By Uses and Country, 2022 – 2028
13.6. MEA Speech Therapy Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Benchmark Therapies
14.2.2. Smart Speech Therapy
14.2.3. Language Therapy
14.2.4. John McGivney Children’s Centre
14.2.5. Therapy Solutions
14.2.6. Speech Pathways
14.2.7. Glenda Browne Speech Pathology
14.2.8. Speech Plus
14.2.9. Talk Speech
14.2.10. CHEO
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • ABB Group
  • Agilent Technologies, Inc.
  • Bruker
  • Buchi Labortechnik AG
  • Danaher Corporation
  • Foss
  • Kaiser Optical Systems, Inc
  • Kett Electric Laboratory
  • Sartorius AG
  • Shimadzu Corporation
  • Thermo Fisher Scientific, Inc.
  • Yokogawa Electric Corporation

Description

Speech Therapy Market size was valued at USD 9,372.5 Million and is poised to grow at a significant CAGR of 6.1% over the forecast period of 2022-2028. Treatment of issues connected to speech and communication is the central aspect of speech therapy services. This covers the many ways to treat patients based on the problem to strengthen the muscles and enhance voice clarity and articulation. These include physical exercises, speech drills, sound production practice, etc. People who have difficulty pronouncing words correctly are also treated in speech therapy. According to market trends for speech therapy, end users, including schools, bilingual programs, workplaces, and private practices, will require more treatments, boosting the speech therapy services market soon. Loss of speech and communication is closely related to aging. As the number of people with speech issues rises quickly, the aging population will present opportunities for speech therapy service providers to balance deficits. This increase in the prevalence of speech problems will increase the speech therapy market size in the forecast period. The growing number of hearing impairments linked with neurological illnesses affecting baby boomers will increase the demand for speech pathologists who, along with the therapy, also treat the pathological reason behind the problem. Thus, the speech pathology market will soon flourish with the increasing difficulty of neurological disorders related to speech, hearing, and swallowing. Premature newborns, trauma, and stroke sufferers now have a higher survival rate due to advance medical technology, which necessitates evaluation and potential therapy for speech-related issues as trauma mainly affects the neurological pathway for proper speech and understanding of words. This incorporates speech therapy as a mandatory procedure for the completion of treatment. Thus, the market for speech therapy gets a new potential to flourish in the upcoming decades. Over the following years, demand for speech therapy services will rise as people become more aware of the value of early diagnosis and identification in newborns. More babies are being screened for speech and hearing difficulty to get adequate treatment services, creating new opportunities for established and up-and-coming market participants. The demand for speech therapy services is rising for kids in special education in elementary and secondary schools. The need for contract-based and natural treatments for patients in hospitals, schools, and healthcare facilities is anticipated to increase soon, driving the expansion of speech therapy services. Low reimbursement is the primary restraint for the speech therapy market from growing. Moreover, the non-coverage of health insurance is also a significant inhibitor to the smooth growth of the speech therapy market.

 

Key Developments:

In August 2022, The National Association for Child Development announced the re-release of their very effective and successful app that addresses Childhood Apraxia of Speech/dyspraxia, as well as apraxia of speech in adults.

In March 2022, two pediatric speech and language therapists launched the world’s first online speech therapy club to address the global crisis affecting preschoolers worldwide in the hope of helping this generation start talking.

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