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The U.S. speech therapy market size was valued at USD 4.13 billion in 2021. The market is projected to grow from USD 4.35 billion in 2022 to USD 6.52 billion by 2029, exhibiting a CAGR of 6.0% during the forecast period.
This information is provided by Fortune Business Insights, in its report, titled, “U.S. Speech Therapy Market Size, Share & COVID-19 Impact Analysis, By Type (Speech Disorders, Language Disorders, Neurological Conditions, Swallowing Disorders, and Others), By Age (Pediatrics and Adults), and Forecast, 2022-2029.”
The demand for speech-language pathology services among Americans is rising due to the rising prevalence of speech impairments among children and adults in the nation. The demand for and uptake of this therapy are expected to increase during the projection period due to this as well as growing government initiatives to support speech and therapy care among the affected population in the U.S.
Decline in Patient Visits Hindered Market Growth during COVID-19
The coronavirus outbreak hasn't had much of an effect on the U.S. market. Due to government-imposed lockdown limitations, fewer referrals to Speech-language Pathologists (SLP) were made during the pandemic in the nation. Additionally, lack of adequate infrastructure for virtual speech therapy hindered its uptake among Americans.
Additionally, a large shift in demand for these services was seen among the American populace during the post-pandemic period. This was further fueled by the development of virtual programs, special education, and awareness campaigns by the major corporations, all of which are boosting the adoption rates and playing a key role in the U.S. speech therapy market growth rate over the course of the study.
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Ascension Saint Thomas and Kindred Rehabilitation Services Open New Rehabilitation Hospital in Nashville
Ascension Saint Thomas Rehabilitation Hospital, located at 310 21st Avenue North on the Ascension Saint Thomas Hospital Midtown site, was officially opened today by Ascension Saint Thomas and Kindred Rehabilitation Services, a division of Brentwood, Tennessee-based LifePoint Health.
Acute inpatient rehabilitation for patients with stroke, traumatic brain injury, spinal cord injury, complicated neurological diseases, orthopedic issues, multiple trauma, amputation, and other injuries or illnesses will be the hospital's main focus. All of the rooms will be private.
Features of the new Ascension Saint Thomas Rehabilitation Hospital include:
Shift of Patients toward Teleconsultancy for Speech and Language Therapy
In order to prevent direct physical contact between patients and therapists, speech and language therapy can be given in a variety of modes, including real-time visits through audio, video, or both. Additionally, teletherapy has been found to be an excellent treatment option for people who suffer from articulation problems, dysarthria, aphasia, and other conditions.
Additionally, market players are already taking steps to enhance user experience and highlighting the chance to meet patients' needs through teletherapy for deafness and other communication disorders. To provide therapy sessions during the pandemic, for instance, Therapy Solutions Inc. organized a virtual summer camp at the Philadelphia Zoo in July 2020 for its younger patients.
Partnerships among Companies to Secure their Brand Values in the Global Market
Prominent players in the U.S. market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users.
Notable Industry Development:
List of Key Players Mentioned in the Report:
Further Report Findings
Based on type, the market is segmented into speech disorders, language disorders, neurological conditions, swallowing disorders, and others. The speech disorders segment held a dominant U.S. speech therapy market share in 2021, which is attributable to the increasing prevalence of a number of speech disorders including aphasia, apraxia, articulation disorders, and others. This is resulting in the rising number of patient population in the U.S. and leading to the rising demand for available treatment options.
Table of Segmentation
Value (USD billion)
By Type and Age