United States Speech Therapy Market Insights Forecasts to 2033

• The United States Speech Therapy Market Size was valued at USD 4.65 Billion in 2023.
• The Market is growing at a CAGR of 6.90% from 2023 to 2033
• The United States Speech Therapy Market Size is expected to reach USD 9.06 Billion by 2033

The United States Speech Therapy Market is anticipated to exceed USD 9.06 Billion by 2033, growing at a CAGR of 6.90% from 2023 to 2033.

Market Overview

A field of study and healthcare focused on the assessment, management, and prevention of communication disorders, such as voice disorders, speech sound disorders, speech disfluency, pragmatic language impairments, expressive and mixed receptive-expressive language disorders, social communication difficulties, and swallowing disorders across the lifespan, is known as speech-language pathology (also known as speech and language pathology or logopedics). The need for speech-language pathology services is rising among Americans due to the rising incidence of speech impairments in both adults and children in the nation. During the projection period, there is anticipated to be a surge in the demand and adoption of speech and therapy care among the affected people in the country, as a result of this and the government's expanding activities in this regard. Furthermore, the United States advantageous reimbursement rules and the growing trend of teletherapy are anticipated to present profitable expansion prospects for industry participants. The market is growing because communication and speech impairments are becoming more common in people. There has been an increase in conditions such as swallowing difficulties, cleft lip or palate, developmental delays, etc. In addition, the prevalence of neurological disorders and accidents that cause speech impairments has increased, which has increased the need for speech therapy. There is a growing need for speech therapists due to the aging population, which is more susceptible to diseases like dementia and Parkinson's disease that impede communication. Throughout the forecast period, the market is anticipated to be driven by several technological improvements in speech therapy solutions that aim to deliver more convenient and effective treatments.

Report Coverage

This research report categorizes the market for the United States speech therapy market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States speech therapy market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States speech therapy market.

Driving Factors

The market for speech treatment is expanding in the United States because of an increase in the prevalence of neurological illnesses and speech-related issues. Twenty million Americans have some degree of neuropathy, and 16% of American families have a member with a mental disability, according to the Federal Interagency Forum on Aging-Related Statistics. The increasing number of Americans experiencing speech and language impairments, such as stuttering, aphasia, and articulation issues, has created a growing need for effective therapeutic therapy. The market for speech therapy has been significantly fueled by rising awareness of speech abnormalities and the value of early diagnosis. As awareness grows, more people—including kids—are seeking speech therapy services to help them with communication difficulties.

Restraining Factors

For many individuals, the expense of speech therapy services and insurance coverage might be a barrier. Speech therapy services might not always be fully covered by insurance policies, or patients might have high out-of-pocket costs, which could cause delays in receiving care or restrict access.

Market Segmentation

The United States speech therapy market share is classified into type and age.

• The speech disorders segment is expected to hold the largest market share through the forecast period.   

The United States speech therapy market is segmented by type into speech disorders, language disorders, neurological conditions, swallowing disorders, and others. Among them, the speech disorders segment is expected to hold the largest market share through the forecast period. This is linked to the rise in the frequency of several speech impairments, such as articulation difficulties, apraxia, and aphasia. As a result, the number of patients in the United States is increasing, which raises demand for the range of treatment choices that are accessible.

• The pediatrics segment dominates the market with the largest market share over the predicted period.

The United States speech therapy market is segmented by age into pediatrics and adults. Among them, the pediatrics segment dominates the market with the largest market share over the predicted period. The prevalence of speech-language and swallowing difficulties in children is rising, and the government is taking more and more steps to provide care in all American schools and educational facilities, which is why the dominance is occurring. As a result, more children are being diagnosed as needing this therapy, which is driving up demand for and use of the program.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States speech therapy market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kindred Healthcare, LLC
• Powerback Rehab 
• BenchMark Physical Therapy Institute 
• Reliant Rehabilitation 
• Humanus Corporation
• Smart Speech Therapy
• Therapy Solutions Inc.
• Rehabilitation Associates, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, Catalyst Speech-Language Pathology, which offers speech therapy services to schools, was acquired by The Stepping Stones Group.

Market Segment

This study forecasts revenue at United States, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Speech Therapy Market based on the below-mentioned segments:

United States Speech Therapy Market, By Type

• Speech Disorders
• Language Disorders
• Neurological Conditions
• Swallowing Disorders
• Others

United States Speech Therapy Market, By Age

• Pediatrics
• Adults