This Speech and Language Disorder market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The speech and language disorder market size has grown strongly in recent years. It will grow from $8.18 billion in 2023 to $8.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historic period can be attributed to heightened awareness of speech and language disorders, increased research and development, the expanded use of speech therapy apps, the proliferation of specialized clinics and centers, and the rise in government initiatives.
The speech and language disorder market size is expected to see strong growth in the next few years. It will grow to $11.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth during the forecast period can be linked to several factors, including the rising adoption of cloud-based solutions, increased investment from both public and private sectors, heightened demand for speech therapy services in schools, a growing prevalence of autism spectrum disorder, and greater investment in healthcare infrastructure. Major trends expected to shape the forecast period include advancements in technology, the rise of teletherapy, the integration of artificial intelligence, and the use of virtual reality.
The increasing prevalence of neurodegenerative diseases is anticipated to drive the expansion of the speech and language disorder market. Neurodegenerative diseases, including Alzheimer's disease, Parkinson's disease, and Amyotrophic Lateral Sclerosis (ALS), are progressive disorders characterized by the gradual and irreversible degeneration of neurons. This degeneration results in cognitive, motor, and functional impairments. The rising incidence of these diseases is attributed to an aging global population, increased life expectancy, and heightened awareness and diagnosis. The treatment of speech and language disorders offers valuable insights into disease progression and contributes to improving the quality of life for affected individuals by addressing both practical and emotional needs. For example, in April 2023, as reported by the Centers for Disease Control and Prevention (CDC), Alzheimer's disease impacted approximately 6.7 million Americans in 2023. This figure is projected to nearly triple, reaching 14 million by 2060. Therefore, the growing number of neurodegenerative disease cases is a key factor driving the growth of the speech and language disorder market.
Major players in the speech and language disorder market are concentrating on the development of cutting-edge technologies, including AI-driven speech therapy platforms, to enhance accessibility, improve therapeutic outcomes, and address the need for personalized and effective interventions. AI-based speech therapy platforms utilize artificial intelligence technology to provide remote speech treatment. These platforms are designed to make therapy more accessible and tailored to individual needs. For example, in August 2023, Better Speech LLC, a US-based provider of speech therapy services, launched Jessica, an advanced AI-powered speech therapist. Jessica delivers customized therapy sessions accessible from any device, 24/7. Utilizing technologies such as voice recognition and natural language processing, Jessica aims to make speech therapy more convenient, cost-effective, and engaging for users.
In January 2023, Stepping Stones Group LLC, a US-based provider of therapeutic and behavioral health services, completed the acquisition of Catalyst Speech Language Pathology Inc. for an undisclosed amount. This acquisition is intended to strengthen and expand Stepping Stones Group’s in-school programs through the integration of Catalyst Speech-Language Pathology’s specialized therapy services. Catalyst Speech Language Pathology Inc. is a US-based firm specializing in comprehensive speech and language therapy services.
Major companies operating in the speech and language disorder market are Kindred Healthcare LLC, Nuance Communications Inc., Reliant Rehabilitation Holdings Inc., BenchMark Physical Therapy Institute LLC, Children's Hospital of Eastern Ontario, National Institute of Physical Medicine and Rehabilitation, Amplio Learning Technologies Inc., John McGivney Children's Centre, Expressable Inc., Rehabilitation Associates Inc., Constant Therapy Health Inc., Genesis Rehab Services LLC, Powerback Rehabilitation, Smart Speech Therapy LLC, Speech Therapy Solutions Inc., Speech Plus, Speech Pathways LLC, Canary Speech Inc., Imanyco Inc., Voiceitt Inc., Tactus Therapy Solutions Ltd, Virtual Speech Center Inc.
North America was the largest region in the speech and language disorder market in 2023. The regions covered in the speech and language disorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the speech and language disorder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Speech and language disorders are conditions that hinder a person's ability to communicate efficiently. These disorders can influence different aspects of communication, such as the articulation of speech sounds, the comprehension and processing of language, and the capacity to convey thoughts and ideas. They can affect both verbal and non-verbal communication, posing difficulties for individuals in their daily interactions and activities.
The main types of speech and language disorders are hardware and software. Hardware refers to physical devices and equipment used for assessment, treatment, or communication aids, such as speech synthesizers and augmentative communication devices. The various categories involved are adults and pediatrics. The several disorder types include articulation disorders, phonological disorders, voice disorders or resonance disorders, language disorders, and others. They are caused by stroke, injury, neurodegenerative diseases, and other factors and are used by various end-users such as healthcare facilities, speech therapy centers, rehabilitation centers, and others.
The speech and language disorder market research report is one of a series of new reports that provides speech and language disorder market statistics, including speech and language disorder industry global market size, regional shares, competitors with a speech and language disorder market share, detailed speech and language disorder market segments, market trends and opportunities, and any further data you may need to thrive in the speech and language disorder industry. This speech and language disorder 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 and language disorder market includes revenues earned by providing services such as enhancing language skills, hearing impairments, and vocabulary development. The market value includes the value of related goods sold by the service provider or included within the service offering. The speech and language disorder market also includes sales of voice amplifiers, assistive listening devices, communication boards and others. 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.
The speech and language disorder market size has grown strongly in recent years. It will grow from $8.18 billion in 2023 to $8.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historic period can be attributed to heightened awareness of speech and language disorders, increased research and development, the expanded use of speech therapy apps, the proliferation of specialized clinics and centers, and the rise in government initiatives.
The speech and language disorder market size is expected to see strong growth in the next few years. It will grow to $11.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth during the forecast period can be linked to several factors, including the rising adoption of cloud-based solutions, increased investment from both public and private sectors, heightened demand for speech therapy services in schools, a growing prevalence of autism spectrum disorder, and greater investment in healthcare infrastructure. Major trends expected to shape the forecast period include advancements in technology, the rise of teletherapy, the integration of artificial intelligence, and the use of virtual reality.
The increasing prevalence of neurodegenerative diseases is anticipated to drive the expansion of the speech and language disorder market. Neurodegenerative diseases, including Alzheimer's disease, Parkinson's disease, and Amyotrophic Lateral Sclerosis (ALS), are progressive disorders characterized by the gradual and irreversible degeneration of neurons. This degeneration results in cognitive, motor, and functional impairments. The rising incidence of these diseases is attributed to an aging global population, increased life expectancy, and heightened awareness and diagnosis. The treatment of speech and language disorders offers valuable insights into disease progression and contributes to improving the quality of life for affected individuals by addressing both practical and emotional needs. For example, in April 2023, as reported by the Centers for Disease Control and Prevention (CDC), Alzheimer's disease impacted approximately 6.7 million Americans in 2023. This figure is projected to nearly triple, reaching 14 million by 2060. Therefore, the growing number of neurodegenerative disease cases is a key factor driving the growth of the speech and language disorder market.
Major players in the speech and language disorder market are concentrating on the development of cutting-edge technologies, including AI-driven speech therapy platforms, to enhance accessibility, improve therapeutic outcomes, and address the need for personalized and effective interventions. AI-based speech therapy platforms utilize artificial intelligence technology to provide remote speech treatment. These platforms are designed to make therapy more accessible and tailored to individual needs. For example, in August 2023, Better Speech LLC, a US-based provider of speech therapy services, launched Jessica, an advanced AI-powered speech therapist. Jessica delivers customized therapy sessions accessible from any device, 24/7. Utilizing technologies such as voice recognition and natural language processing, Jessica aims to make speech therapy more convenient, cost-effective, and engaging for users.
In January 2023, Stepping Stones Group LLC, a US-based provider of therapeutic and behavioral health services, completed the acquisition of Catalyst Speech Language Pathology Inc. for an undisclosed amount. This acquisition is intended to strengthen and expand Stepping Stones Group’s in-school programs through the integration of Catalyst Speech-Language Pathology’s specialized therapy services. Catalyst Speech Language Pathology Inc. is a US-based firm specializing in comprehensive speech and language therapy services.
Major companies operating in the speech and language disorder market are Kindred Healthcare LLC, Nuance Communications Inc., Reliant Rehabilitation Holdings Inc., BenchMark Physical Therapy Institute LLC, Children's Hospital of Eastern Ontario, National Institute of Physical Medicine and Rehabilitation, Amplio Learning Technologies Inc., John McGivney Children's Centre, Expressable Inc., Rehabilitation Associates Inc., Constant Therapy Health Inc., Genesis Rehab Services LLC, Powerback Rehabilitation, Smart Speech Therapy LLC, Speech Therapy Solutions Inc., Speech Plus, Speech Pathways LLC, Canary Speech Inc., Imanyco Inc., Voiceitt Inc., Tactus Therapy Solutions Ltd, Virtual Speech Center Inc.
North America was the largest region in the speech and language disorder market in 2023. The regions covered in the speech and language disorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the speech and language disorder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Speech and language disorders are conditions that hinder a person's ability to communicate efficiently. These disorders can influence different aspects of communication, such as the articulation of speech sounds, the comprehension and processing of language, and the capacity to convey thoughts and ideas. They can affect both verbal and non-verbal communication, posing difficulties for individuals in their daily interactions and activities.
The main types of speech and language disorders are hardware and software. Hardware refers to physical devices and equipment used for assessment, treatment, or communication aids, such as speech synthesizers and augmentative communication devices. The various categories involved are adults and pediatrics. The several disorder types include articulation disorders, phonological disorders, voice disorders or resonance disorders, language disorders, and others. They are caused by stroke, injury, neurodegenerative diseases, and other factors and are used by various end-users such as healthcare facilities, speech therapy centers, rehabilitation centers, and others.
The speech and language disorder market research report is one of a series of new reports that provides speech and language disorder market statistics, including speech and language disorder industry global market size, regional shares, competitors with a speech and language disorder market share, detailed speech and language disorder market segments, market trends and opportunities, and any further data you may need to thrive in the speech and language disorder industry. This speech and language disorder 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 and language disorder market includes revenues earned by providing services such as enhancing language skills, hearing impairments, and vocabulary development. The market value includes the value of related goods sold by the service provider or included within the service offering. The speech and language disorder market also includes sales of voice amplifiers, assistive listening devices, communication boards and others. 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.
Table of Contents
1. Executive Summary2. Speech and Language Disorder Market Characteristics3. Speech and Language Disorder Market Trends and Strategies32. Global Speech and Language Disorder Market Competitive Benchmarking33. Global Speech and Language Disorder Market Competitive Dashboard34. Key Mergers and Acquisitions in the Speech and Language Disorder Market
4. Speech and Language Disorder Market - Macro Economic Scenario
5. Global Speech and Language Disorder Market Size and Growth
6. Speech and Language Disorder Market Segmentation
7. Speech and Language Disorder Market Regional and Country Analysis
8. Asia-Pacific Speech and Language Disorder Market
9. China Speech and Language Disorder Market
10. India Speech and Language Disorder Market
11. Japan Speech and Language Disorder Market
12. Australia Speech and Language Disorder Market
13. Indonesia Speech and Language Disorder Market
14. South Korea Speech and Language Disorder Market
15. Western Europe Speech and Language Disorder Market
16. UK Speech and Language Disorder Market
17. Germany Speech and Language Disorder Market
18. France Speech and Language Disorder Market
19. Italy Speech and Language Disorder Market
20. Spain Speech and Language Disorder Market
21. Eastern Europe Speech and Language Disorder Market
22. Russia Speech and Language Disorder Market
23. North America Speech and Language Disorder Market
24. USA Speech and Language Disorder Market
25. Canada Speech and Language Disorder Market
26. South America Speech and Language Disorder Market
27. Brazil Speech and Language Disorder Market
28. Middle East Speech and Language Disorder Market
29. Africa Speech and Language Disorder Market
30. Speech and Language Disorder Market Competitive Landscape and Company Profiles
31. Speech and Language Disorder Market Other Major and Innovative Companies
35. Speech and Language Disorder Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Speech And Language Disorder Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on speech and language disorder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for speech and language disorder? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The speech and language disorder market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Hardware; Software2) By Category: Adults; Pediatrics
3) By Disorder Type: Articulation Disorders; Phonological Disorders; Voice Disorders or Resonance Disorders; Language Disorders; Other Disorder Types
4) By Cause: Stroke; Injury; Neurodegenerative Diseases; Other Causes
5) By End User: Healthcare Facilities; Speech Therapy Centers; Rehabilitation Centers; Other End Users
Key Companies Mentioned: Kindred Healthcare LLC; Nuance Communications Inc.; Reliant Rehabilitation Holdings Inc.; BenchMark Physical Therapy Institute LLC; Children's Hospital of Eastern Ontario
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies profiled in this Speech and Language Disorder market report include:- Kindred Healthcare LLC
- Nuance Communications Inc.
- Reliant Rehabilitation Holdings Inc.
- BenchMark Physical Therapy Institute LLC
- Children's Hospital of Eastern Ontario
- National Institute of Physical Medicine and Rehabilitation
- Amplio Learning Technologies Inc.
- John McGivney Children's Centre
- Expressable Inc.
- Rehabilitation Associates Inc.
- Constant Therapy Health Inc.
- Genesis Rehab Services LLC
- Powerback Rehabilitation
- Smart Speech Therapy LLC
- Speech Therapy Solutions Inc.
- Speech Plus
- Speech Pathways LLC
- Canary Speech Inc.
- Imanyco Inc.
- Voiceitt Inc.
- Tactus Therapy Solutions Ltd
- Virtual Speech Center Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 8.71 Billion |
Forecasted Market Value ( USD | $ 11.35 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |