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

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

The global speech therapy services market size is expected to reach USD 68.66 billion by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Factors influencing the demand for speech therapy services include expansion of the healthcare sector primarily in the developing countries, growing awareness among individuals related to early diagnosis of communication disorders and speaking difficulties. In the elderly population, individuals may face various challenges related to communication and swallowing disorders.

For instance, as per the statistics published by the United Nations Department of Economic and Social Affairs, people aged 65 years or more is projected to double, rising from 761 Mn in 2021 to 1.6 Bn, in 2050.

Speech therapy services enhance different communication problems among individuals, addresses challenges by targeting specific areas such as language comprehension, speech clarity, and swallowing difficulties. Further, this therapy plays a crucial role in supporting individuals with autism spectrum disorder (ASD), speech and language disorders, and neurological conditions. Through customized exercises, activities, and techniques, speech therapists work to improve overall communication abilities and quality of life for individuals affected by these conditions.

Companies in the market are focusing on strategic partnerships and collaborations to make speech therapy more accessible and affordable to the general population. In line with this, in October 2023, Great Speech introduced their new business expansion through Health Net Federal Services to cater to more people. Similarly, in December 2022, Great Speech and Centive partnered to provide their members with high-value virtual speech therapy services. Therefore, the increasing rate of partnerships and collaborations to enhance the accessibility and quality in virtual speech therapy services is likely to accelerate the market growth.

Speech Therapy Services Market Report Highlights

The speech and language segment will grow rapidly, owing to rising prevalence of communication disorders among the population.

The articulation therapy segment accounted for the largest market share, owing to the growing adoption of telemedicine and remote services for speech therapy.

The pediatric segment dominated the market, due to the presence of high rate of early diagnosis of speech disorders for infants and toddlers.

North America dominated the market, owing to the high prevalence of communication disorders, advanced healthcare infrastructure, and others.

The global players include Benchmark Therapies Inc., CHEO, Humanus Corporation, Speech Therapy Solutions, and Great Speech Inc.

Polaris Market Research has segmented the speech therapy services market report based on indication, therapy type, age group, end-use, and region:

Speech Therapy Services, Indication Outlook (Revenue - USD Billion, 2019 - 2032)

Autism Spectrum Disorder (ASD)

Speech and Language Disorder

Neurological Conditions

Others

Speech Therapy Services, Therapy Type Outlook (Revenue - USD Billion, 2019 - 2032)

Articulation Therapy

Language Intervention Therapy

Oral Motor Therapy

Others

Speech Therapy Services, Age Group Outlook (Revenue - USD Billion, 2019 - 2032)

Pediatric

Geriatric

Adults

Speech Therapy Services, End-use Outlook (Revenue - USD Billion, 2019 - 2032)

Hospitals and Clinics

Rehabilitation Centers

Homecare Settings

Speech Therapy Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa