PUBLISHER: The Business Research Company | PRODUCT CODE: 1695092
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695092
Speech therapy services encompass the clinical practice dedicated to diagnosing and treating communication and swallowing disorders through specialized interventions and therapeutic methodologies. These services are tailored to enhance communication proficiency, foster independence, and elevate the quality of life for individuals grappling with communication impairments.
The primary types of speech therapy services include articulation therapy, language intervention therapy, oral motor therapy, among others. These services address a spectrum of conditions such as speech disorders, language disorders, apraxia, autism spectrum disorder (ASD), and others. They find application across diverse demographics including pediatrics, adults, and the elderly, and are employed by various stakeholders such as hospitals, clinics, rehabilitation centers, and homecare settings.
The speech therapy services market research report is one of a series of new reports from The Business Research Company that provides speech therapy services market statistics, including speech therapy services industry global market size, regional shares, competitors with speech therapy services market share, detailed speech therapy services market segments, market trends, and opportunities, and any further data you may need to thrive in the speech therapy services industry. This speech therapy services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The speech therapy services market size has grown strongly in recent years. It will grow from $9.78 billion in 2024 to $10.52 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growing awareness of speech and language disorders, the rise in the incidence of congenital disorders, changed demographics, and increased screening for speech and hearing impairment.
The speech therapy services market size is expected to see strong growth in the next few years. It will grow to $13.88 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to teletherapy expansion, integration of AI and digital tools, focus on early intervention, globalization of services, and demand from aging populations. Major trends in the forecast period include mobile applications for therapy support, personalized treatment approaches, virtual reality integration, remote monitoring and data analytics, and interdisciplinary collaboration.
The rising prevalence of communication disorders is expected to drive the growth of the speech therapy services market in the coming years. Communication disorders encompass challenges in speech, language, voice, fluency, and swallowing that hinder effective communication. The increasing incidence of these disorders is often linked to neurological conditions stemming from damage to the brain's speech and language centers. Speech therapy services play a vital role in diagnosing and treating various communication disorders, including dysphagia, aphasia, and voice disorders, through specialized interventions and techniques. For example, as reported by the National Institute on Deafness and Other Communication Disorders (NIDCD) in March 2024, developmental language disorder had a prevalence rate of 7%, affecting approximately 1 in 14 children. Additionally, around 2% of children with language disorders have coexisting medical conditions like autism or intellectual disabilities. Furthermore, 5% of children aged 3-17 in the U.S. experience speech disorders lasting a week or longer within the past 12 months. Consequently, the increasing incidence of communication disorders is fueling the growth of the speech therapy services market.
Key players in the speech therapy services market are concentrating on developing advanced technological solutions, such as AI-based speech therapy platforms, to gain a competitive advantage. AI-based speech therapy platforms are digital systems or software applications leveraging artificial intelligence (AI) technology to deliver speech therapy services remotely. For instance, Better Speech introduced Jessica in August 2023, a groundbreaking AI speech therapist providing personalized therapy sessions accessible 24/7 from any device. Jessica utilizes cutting-edge technologies like speech recognition and natural language processing to assess and enhance speech patterns, making therapy more engaging, convenient, and cost-effective.
In January 2023, Stepping Stones Group, a US-based pediatric behavioral health provider, acquired Catalyst Speech Language Pathology to expand its presence in the school-based speech therapy market and enhance service offerings to school districts. This strategic acquisition strengthens Stepping Stones' position in providing high-quality speech-language pathology services, leveraging Catalyst Speech Language Pathology's expertise in school-based speech therapy services.
Major companies operating in the speech therapy services market report are Children's Hospital of Eastern Ontario; Reliant Rehabilitation Holdings Inc.; Tender Touch Rehab Services Inc.; Reliant Medical Group; The Speech Pathology Group; Linguarama International Group; Therapy Solutions LLC; Speech Language and Educational Associates; Benchmark Therapies Inc.; Reliant Pediatric Therapy Services PC; Expressable Inc.; Humanus Corporation; Vertis Therapy; Achieve Therapy Inc.; Therapy Tree AZ; TherapyWorks Inc.; John McGivney Children's Centre; Speech Therapy Group; Comprehensive Speech and Therapy Center; CST Academy; Speechpathway.net; Glenda Browne Speech Pathology Pty Ltd; TalkTime Speech Therapy LLC; Speech INC.; Rhind Speech Therapy
North America was the largest region in the speech therapy services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the speech therapy services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the speech therapy services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The speech therapy services market includes revenues earned by providing services such as enhancing language skills, improving speech articulation, and vocabulary development. 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 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.
Speech Therapy Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on speech therapy services 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.
Where is the largest and fastest growing market for speech therapy services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The speech therapy services market global report from the Business Research Company 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.