Global U.S. Speech Therapy Market Is Anticipated To Witness Growth Due To Increasing Prevalence Of Neurological Disorders And Growing Research Activities

 

Overview:

 

Speech therapy can improve the quality of life for a person with a speech disorder. It can also help people who have swallowing difficulties or have problems with reading. Speech therapy can be done in a classroom setting or at home. It can take a long time for therapy to work. However, with patience and practice can help the child in improving. During speech therapy, a speech-language pathologist works with a child to help improve communication skills. They can help people with a variety of different speech and language disorders. These disorders can be caused by a number of different factors. They can affect a child's ability to speak, listen, read, write, swallow and chew. One type of speech disorder is dysarthria. This disorder causes weakness in the muscles of speech. It may be caused by a neurological disease, a head injury, or facial paralysis. It may also be caused by an infection.

Market Dynamics:

Rising incidences of speech disorders and increasing investments are anticipated to propel growth of the global U.S. speech therapy market over the forecast period. For instance, Expressable has raised $4.5 million in May 2021, for serving almost five million children with communication disorder in the United States of America. Moreover, increasing cost for speech therapy is estimated to restrain growth of the global U.S. speech therapy market over the forecast period.

 

Impact of COVID-19:

 

The pandemic resulted in impacting the financial status of many businesses in many sectors of the society around the world. Many supply chains were disrupted owing to the travel bans imposed in many regions. The pandemic forced many industries to shut down their operations owing to the strict nationwide lockdowns imposed by the government in many regions. There was a dip in the number of speech language pathologists owing to the pandemic. Key players active in the speech therapy market were conducting online speech therapy sessions so as to ensure the growth of the market. Many patients in need of the speech therapy treatments were taking these sessions online and this had a positive impact on the market. So the pandemic had a mixed reaction on the growth of the global U.S. speech therapy market.

 

Key Takeaways:

The global U.S. speech therapy market is estimated to witness significant growth, exhibiting CAGR of 5.4% during the forecast period, due to growing product launches. For instance, world's first online speech therapy club has been launched by two pediatric speech and language therapists in March 2022, for addressing the crisis affecting preschoolers’ globally.

 

North America is estimated to witness significant growth in the global U.S. speech therapy market over the forecast period, due to growing prevalence of Alzheimer's disease and rising screening tests for newborn babies in the region.

 

Key players active in the global U.S. speech therapy market are The Hello Foundation, Genesis Rehab Services, Teamwork Therapies, Speech Therapy Solutions, Inc., LA Speech Therapy Solutions, Reliant Rehabilitation, Easy Speech Therapy Center, Kindred Healthcare, LLC, Rehabilitation Associates, Inc., Smart Speech Therapy LLC, and BenchMark Physical Therapy Institute.