The global U.S. Speech Therapy Market is estimated to be valued at US$4.83 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The U.S. Speech Therapy market provides diagnosis, treatment, and management of speech disorders involving the vocal and respiratory mechanisms that are used for communication and swallowing. Speech disorders can affect both children and adults, with common disorders including autism, dysfluency, aphasia, apraxia, dysarthria, as well as voice and resonance disorders. Speech Therapy focuses on effective communication through oral motor exercises and behavioral techniques.
Market key trends:
One of the key trends fueling the growth of the U.S. Speech Therapy Market is the rising prevalence of autism spectrum disorder (ASD) in the U.S. Autism is a neurodevelopmental disorder mainly characterized by social and communication difficulties as well as repetitive behaviors. According to Centers for Disease Control and Prevention (CDC), around 1 in every 59 children in the U.S. has been identified with autism spectrum disorder (ASD). Children suffering from ASD often experience challenges with speaking, social skills, and nonverbal communication skills which further increases the need for Speech Therapy sessions. Treatment may include Applied Behavioral Analysis (ABA), speech-language therapy, occupational therapy, social skills training, and sensory integration therapy. The increasing ASD diagnosis is creating high demand for speech and communication services in the U.S., thereby driving the market growth.
Segment Analysis
The U.S. Speech Therapy market is segmented into adults and children. The children segment currently dominates the market due to an increasing number of young patients suffering from speech and communication issues such as stuttering, impaired articulation, language delays and apraxia. Early intervention and Speech Therapy is essential for children in their developmental years which drives the growth of this segment.
Key Takeaways
The U.S.Speech Therapy Market Share is expected to witness high growth, exhibiting a CAGR of 5.4% over the forecast period, due to an increasing prevalence of speech disorders and brain injuries leading to impaired communication and swallowing abilities in the country.
Regional analysis
The Western region dominates the U.S. Speech Therapy market holding over 30% of the market share due to higher adoption and awareness among consumers regarding speech therapy. It is expected to continue its dominance over the forecast period given the concentration of top players and availability of advanced healthcare facilities in states like California and Washington.
Key players
Key players operating in the U.S. Speech Therapy market are Genesis Rehab Services, Speech Therapy Solutions, Inc., Reliant Rehabilitation, Kindred Healthcare, LLC, Smart Speech Therapy LLC, Bench Mark Physical Therapy Institute, Rehabilitation Associates, Inc., Easy Speech Therapy Center, LA Speech Therapy Solutions, LLC, Teamwork Therapies, and The Hello Foundation.
The global U.S.Speech Therapy market size is expected to witness high growth, exhibiting a CAGR of 5.4% over the forecast period, due to increasing prevalence of speech disorders and brain injuries leading to impaired communication and swallowing abilities in the country.
For more insights, read- https://www.ukwebwire.com/u-s-speech-therapy-market-trends-size-and-share-analysis/
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