Speech Impairment Global Market Report 2024

The speech impairment market size has grown strongly in recent years. It will grow from $9.34 billion in 2023 to $10.03 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to several factors, including the rising geriatric population, increasing awareness of the connection between cognitive health and speech, lifestyle changes, advances in artificial intelligence (AI), and the increasing aging population.

The speech impairment market size is expected to see strong growth in the next few years. It will grow to $12.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The forecasted growth in the speech therapy market can be attributed to several factors, including increasing awareness about speech impairments and their impact, a rising incidence of speech disorders, the growth of mobile health applications, the rising adoption of augmentative and alternative communication (AAC) devices, and an increasing demand for speech therapy and pathology services. Major trends expected in this period include advancements in speech recognition technology, collaborations between healthcare institutions and technology companies, ongoing technological advancements, the growth of home-based intervention programs, and innovations in speech-to-text technologies.

The increasing incidence of speech disorders is expected to drive the growth of the speech impairment market. Speech disorders, which affect a person's ability to produce speech sounds accurately, are becoming more prevalent, creating a greater demand for effective diagnostic tools, therapies, and assistive technologies. This growing need is likely to spur innovation and investment in new products and services tailored to individuals with speech impairments. For example, Contemporary Pediatrics reported a 136% increase in speech disorder diagnoses among infants and children aged 0-2 in 2022 compared to the pre-pandemic era. Similarly, children aged 3 to 5 years saw a 107% increase in diagnoses in 2022. These trends highlight the increasing importance of addressing speech disorders and are driving the growth of the speech impairment market.

Major companies in the speech impairment market are focusing on innovative technologies, such as speech recognition apps, to aid communication for people with speech disabilities. A speech recognition app, also known as a speech-to-text app, converts spoken language into written text. For example, in June 2021, Voiceitt launched a speech recognition app designed for individuals with speech disabilities, aging voices, and accents. This app allows users to speak to and be understood by their smart devices using their own voice commands. It uses patented automatic speech recognition (ASR) technology to understand non-standard speech, such as that of individuals with motor-speech disabilities, and translates speech to text with automated voice output.

In January 2022, Rethink First, a US-based provider of behavioral health technology, acquired Total Therapy for an undisclosed amount. This strategic acquisition has enabled Rethink First to expand its presence in the speech, occupational, and physical therapy markets. By integrating Total Therapy's expertise and services, Rethink First can now offer its customers a more comprehensive suite of solutions. Total Therapy, the acquired company, specializes in providing speech impairment services.

Major companies operating in the speech impairment market report are Google LLC, Microsoft Corporation, The International Business Machines Corporation, LifePoint Health, Sonova Holding AG, Open Text Corporation, Nuance Communications Inc., Reliant Rehabilitation, Therapy Solutions Inc., BenchMark Physical Therapy Institute, Tobii Dynavox, Humanus Corporation, Speechmatics, Lingraphica, Acapela Group, ReadSpeaker, John McGivney Children's Centre, Rehabilitation Associates Inc., AbleNet Inc., Saltillo Corporation, LumenVox LLC, AssistiveWare, Speak AI, Cognixion.

North America was the largest region in the speech impairment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the speech impairment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the speech impairment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Speech impairment is a condition characterized by difficulties in producing or understanding speech sounds, which can significantly impact communication. This condition can arise from various factors, including physical issues, neurological disorders, or developmental challenges, resulting in difficulties in articulation, fluency, or voice modulation.

The main types of speech impairment include speech disorders, language disorders, apraxia, autism spectrum disorder (ASD), and others. Speech disorders affect an individual's ability to produce speech sounds accurately or fluently, or to use their voice appropriately in social contexts. Therapy for speech impairment is applicable to pediatric, adult, and elderly age groups, with end-users including specialty clinics, rehabilitation centers, speech therapy centers, bilingual classes, hospitals, and community health centers.

The speech impairment market research report is one of a series of new reports that provides speech impairment market statistics, including speech impairment industry global market size, regional shares, competitors with a speech impairment market share, detailed speech impairment market segments, market trends and opportunities, and any further data you may need to thrive in the speech impairment industry. This speech impairment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The speech impairment market includes revenues earned by entities by providing services such as speech therapy, language therapy, and pathology services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The speech impairment market also includes sales of augmentative and alternative communication (AAC) devices and eye-tracking systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.