The U.S. Speech Therapy market has been witnessing significant growth in the recent years. Speech therapy, also known as speech-language pathology, refers to the evaluation and treatment of speech and language problems, including issues with sounds, fluency, voice and communication skills. Some of the common conditions treated through speech therapy include stuttering, voice disorders, apraxia and aphasia. Rising prevalence of neurological disorders, increasing pediatric population, and growing awareness about effective speech therapy services are some of the key factors fueling the demand for speech therapy in the U.S. According to market estimates, the U.S. speech therapy industry is projected to exhibit a CAGR of over 7.8% during the forecast period and reach a valuation of USD 8.31 Bn by 2031.
Market Dynamics:
Growing geriatric population susceptible to conditions such as Parkinson's disease and strokes is a major driver for the U.S. speech therapy market. Moreover, increasing prevalence of autism spectrum disorder among children has significantly upped the requirement for early diagnosis and treatment via speech therapy. On the other hand, high costs associated with therapy sessions and shortage of skilled professionals are some of the key challenges restraining the market growth. However, adoption of telehealth and virtual sessions during pandemic has provided new opportunities for market expansion. Integration of advanced technologies such as smartphones, tablets and VR aids is also expected to open up new avenues over the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the U.S. Speech Therapy market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the U.S. Speech Therapy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include PRYZ Inc, Speech Therapy Innovations LLC, Talk Speech Therapy, GL Speech Therapy Clinic
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The U.S. Speech Therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. Speech Therapy market.
Detailed Segmentation-
- By Age Group
- By Indication
- Speech Disorders
- Language Disorders
- Apraxia
- Autism Spectrum Disorder (ASD)
- Others
- By End User
- Hospitals
- Clinics
- Rehabilitation Centers
- Others
- Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- HCR ManorCare
- Genesis Rehab Services
- Kindred Healthcare, Inc.
- Speech Pathology Group
- Encore Rehabilitation Services
- RehabCare
- Select Medical
- Smart Speech Therapy LLC
- Therapy Solutions Inc.
- Glenda Browne Speech Pathology
- Children's Speech and Language Services, Inc.
- Speech Plus
- National Speech Language Therapy Center
- EBS Healthcare
- Fox Rehabilitation
- Advanced Therapy of America
- Language Fundamentals
- Speech Improvement Center
- Therapy Source, Inc.
- Aegis Therapies, Inc.