Speech Therapy Services Market Size, Share & Trends Analysis Report By Indication (ASD, Speech & Language Disorder), By Therapy Type (Articulation, Oral Motor), By Age Group, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Speech Therapy Services Market Size, Share & Trends Analysis Report By Indication (ASD, Speech & Language Disorder), By Therapy Type (Articulation, Oral Motor), By Age Group, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Speech Therapy Services Market Growth & Trends

The global speech therapy services market size is anticipated to reach USD 63.8 billion by 2030, growing at a CAGR of 9.21% during the forecast period, according to a new report by Grand View Research, Inc. The rising prevalence of speech and language disorders in both children and adults. Factors such as premature births, neurological disorders, and an aging population contribute to the demand for speech therapy services.

The adoption of new technologies into services, including telepractice and mobile applications, has expanded access to services. Technology allows for remote delivery of therapy, making it more convenient for patients and increasing overall accessibility, is expected to lead to the growth of the market. For instance, in January 2023, The National Science Foundation has awarded USD 20 million to the University at Buffalo a grant to establish an institute that develops AI systems to assist young children with speech and language processing challenges.

The introduction of speech therapy services into educational systems and schools, particularly for children, enhances accessibility and early intervention. Collaboration between speech therapists and educators is a positive driver for market growth. In September 2023, The University of Tampa has collaborated with Gannon University to offer UT graduates a direct path to graduate-level health programs in occupational therapy, speech-language pathology, and physical therapy.

Speech Therapy Services Market Report Highlights

• Based on indication, the speech and language disorder segment dominated the market in 2023 with a revenue share of 38.86%. Growing awareness about the importance of speech and language development and recognition of language disorders contributes to the increased demand for therapy services.
• Based on therapy type, the articulation therapy segment held the maximum revenue share in 2023. This can be attributed to the availability of well-trained and certified speech-language pathologists specializing in articulation therapy.
• Based on age group, the pediatric segment dominated the global market with the largest revenue share in 2023 and is expected to register fastest CAGR in the coming years.
• Based on end-use, the hospitals and clinics segment led with the maximum revenue share in 2023. Partnerships between hospitals, clinics, and educational institutions contribute to the development of comprehensive therapy programs.
• North America dominated the market in 2023. The increasing geriatric population and the prevalence of neurological disorders in newborns are significant factors contributing to the demand in North America.
• In December 2023, Great Speech and Bennie have partnered to provide Bennie members with virtual speech therapy services. This collaboration demonstrates a commitment to accessible healthcare and expands opportunities to improve speech and communication across all age groups.
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