Speech Therapy Market Trends 2023 : Anticipated to Cross USD 17 Billion by 2031 , Fueled  by Rise in Cases of Speech Disorders and Neurological Conditions

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.

• CAGR: 5.6%
• Current Market Size: USD 9,9 Billion
• Fastest Growing Region: APAC
• Largest Market: North America
• Projection Time: 2022-2031
• Base Year: 2022

Request Sample Copy of Report-

https://www.alliedmarketresearch.com/request-sample/31901

Covid-19 scenario-

• The outbreak of the pandemic compelled various industries, including healthcare sub-domains, to temporarily suspend operations. The decrease in the number of speech-language pathologists adversely affected the global speech therapy market.
•  

  Nevertheless, the COVID-19 pandemic created a dual impact on the industry. While several industries faced a decline, there was a specific demand for speech and language therapy among COVID-19 patients experiencing voice, swallowing, and communication issues due to respiratory symptoms. This dynamic presented a mixed impact on the overall industry.

• In 2021, the pediatrics segment accounted for over two-thirds of the total market revenue, and it is expected to maintain dominance by 2031. Conversely, the adults segment is projected to exhibit the highest Compound Annual Growth Rate (CAGR) of 6.1% throughout the forecast period.
• In terms of end-users, hospitals contributed to nearly three-fifths of the total market revenue in 2021 and are anticipated to continue dominating by 2031. This segment is also expected to experience the fastest CAGR of 6.1% during the forecast period. The report also considered other end-user segments, such as clinics and rehabilitation centers.

Regional Analysis

In 2021, North America dominated the speech therapy market, primarily attributed to the growing population affected by speech disorders and neurological conditions. The market in this region also experienced significant growth due to favorable reimbursement policies supporting speech therapy.

Conversely, the Asia-Pacific region is anticipated to register the highest Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth is driven by an increase in the elderly population facing neurological conditions and a higher incidence of cognitive disorders in infants, leading to a heightened demand for speech pathology services. Furthermore, the expanding healthcare infrastructure in the Asia-Pacific region is contributing to the overall growth of the market.

Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/31901

𝐒𝐩𝐞𝐞𝐜𝐡 𝐓𝐡𝐞𝐫𝐚𝐩𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 –
• BenchMark Physical Therapy Institute,
• Humanus Corporation,
• LifePoint Health (Kindred Healthcare),
• Madonna TherapyPlus,
• National Institute of Physical Medicine and Rehabilitation (NIPMR),
• Powerback Rehabilitation,
• Rehabilitation Associates, Inc.,
• Reliant Rehabilitation, Therapy Solutions, Inc.,
• Orient Speech Therapy Limited.

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.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the speech therapy market analysis from 2021 to 2031 to identify the prevailing speech therapy market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the speech therapy market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global speech therapy market trends, key players, market segments, application areas, and market growth strategies.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

Nose Reconstruction Market https://www.alliedmarketresearch.com/nose-reconstruction-market-A13217

Neonatal Intensive Care Market https://www.alliedmarketresearch.com/neonatal-intensive-care-market-A17086