Speech Therapy Market By Type, By Age, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: SPEECH THERAPY MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Speech Disorder
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Neurological Conditions
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: SPEECH THERAPY MARKET, BY AGE
5.1 Overview
5.1.1 Market size and forecast
5.2 Pediatrics
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Adults
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: SPEECH THERAPY MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Hospitals
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 Hospitals Speech Therapy Market by Type
6.2.4.1 Public Market size and forecast, by region
6.2.4.2 Private Market size and forecast, by region
6.3 Clinics
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Rehabilitation Centers
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: SPEECH THERAPY MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Age
7.2.4 North America Market size and forecast, by End User
7.2.4.1 North America Hospitals Speech Therapy Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Age
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Age
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Age
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Age
7.3.4 Europe Market size and forecast, by End User
7.3.4.1 Europe Hospitals Speech Therapy Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Age
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Age
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Age
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Age
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Age
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Age
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Age
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.4.1 Asia-Pacific Hospitals Speech Therapy Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Age
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Age
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Age
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Age
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Age
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Age
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Age
7.5.4 LAMEA Market size and forecast, by End User
7.5.4.1 LAMEA Hospitals Speech Therapy Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Age
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Age
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Age
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Age
7.5.5.4.3 Market size and forecast, by End User

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Madonna Therapy Plus
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 National Institute of Physical Medicine and Rehabilitation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Powerback Rehabilitation
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 LifePoint Health (Kindred Healthcare, LLC)
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Therapy Solutions Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Humanus Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Benchmark Physical Therapy Institute
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Rehabilitation Associates Inc
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Reliant Rehabilitation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Orient Speech Therapy Center Limited
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Speech Therapy Market,' the speech therapy market size was valued at $9.9 billion in 2021, and is estimated to reach $17 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Speech therapy is used to diagnose and treat the speech and communication issues. It is used to treat the speech disorders, language disorders, neurological conditions and others speech related disorder by improving the communication skills. There are several types of speech disorders such as childhood apraxia of speech, stuttering, apraxia, and dysarthria. In addition, language disorder involves receptive language disorder, expressive language disorder, psychopathology of language, and childhood language disorder.

The speech therapy market size is driven by increase in demand for speech therapy in developed countries such as the U.S due to rise in cases of speech related issues. In addition, increase in awareness regarding speech therapy in developed countries is one of the important speech therapy market trends drive the market growth. For instance, according to National Institute on Deafness and Other Communication Disorders (NIDCD), part of the National Institutes of Health (NIH), joins the American Speech-Language-Hearing Association (ASHA) to raise awareness about speech disorders.

Moreover, the speech therapy market is driven by rise in cases of speech disorders and neurological conditions further drive the market growth. For instance, in 2021, according to the Alzheimer Society of Canada, over 500,000 Canadians were living with dementia (language difficulties) and by 2030, this number is expected to increase to 912,000.

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has negatively impacted growth of speech therapy industry. This is attributed to decrease in demand for speech therapy as well as decline in number of referrals to speech-language pathologists due to lockdown restrictions. Furthermore, homecare services was stopped completely during pandemic which negatively affected the speech therapy market growth. However, the market for speech therapy has been growing steadily during coming years due to rise in demand for telehealth services which is expected to propel market growth in near future.

The speech therapy market is segmented on the basis of type, age, end user and region. By type, the market is segmented into speech disorder, neurological conditions, and others. The others segment further included the language disorder, voice of paralysis, stuttering and others.

The neurological conditions segment was dominated the market in 2021 and is anticipated to continue this trend during speech therapy market analysis. This is attributed to rise in prevalence of neurological conditions such as Alzheimer disease, Parkinson’s disease, stroke, and others. In addition, key players that offer neurological speech therapy for neurological conditions also contribute toward the growth of the segment.

On the basis of age, the market is segmented into pediatrics and adults. The pediatrics segment exhibited highest speech therapy market share in 2021. This is attributed to rise in incidences of speech, language and swallowing disorders among children. For instance, according to National Institute on Deafness and Other Communication Disorders in U.S. 2016, around 34% of children aged between 3-10 have multiple communication or swallowing disorders, while 25.4 % of children aged between 11-17 have multiple disorders.

On the basis of end user, the speech therapy industry is segmented into hospitals, clinics and rehabilitation centers. The hospitals segment dominated the market in 2021 and is expected to remain dominant during speech therapy market forecast. This is attributed to rise in hospital admissions for speech disorders patients due to advantages of hospitals such as availability of services for speech disorders, advance facilities and technologies. In addition, availability of speech therapy, diagnosis test for speech disorders and other services in developed countries, drives the market growth.

North America accounted for the largest speech therapy market share in 2021, owing to increase in population with speech disorders and neurological conditions. In addition, favorable reimbursement policies for speech therapy in this region contribute toward the market growth.

However, Asia-Pacific is expected to fastest CAGR during the forecast period, owing to factors such as rise in elderly population with neurological conditions and increase in incidence of cognitive disorders in infants, which have increased the demand for speech pathology services. Moreover, rise in healthcare infrastructure in this region further drives the market growth.

KEY FINDINGS OF THE STUDY

• Based on type, the neurological conditions segment held largest share in the global market in 2021. However, adults segment is anticipated to grow at the highest CAGR of 6.1% during the forecast period.
• On the basis of age, the pediatrics segment held largest market share in 2021.
• Based on end user, the hospitals segment dominated the market in 2021, and is expected to grow at a CAGR of 6.1% during the forecast period.
• On the basis of region, North America held largest share in the global market in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR of 7.8% during the forecast period.

Companies Mentioned

• Madonna Therapy Plus
• National Institute of Physical Medicine and Rehabilitation
• Powerback Rehabilitation
• Lifepoint Health (Kindred Healthcare, LLC)
• Therapy Solutions Inc.
• Humanus Corporation
• Benchmark Physical Therapy Institute
• Rehabilitation Associates Inc.
• Reliant Rehabilitation
• Orient Speech Therapy Center Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.