The Devastating Impact of Coronavirus on Speech Therapy Market

Covid-19 scenario-
• The outbreak of the pandemic has forced several sectors to temporarily shut down their activities, including healthcare sub-domains. The decline in the number of speech therapists has had a negative impact on the global speech therapy market. • However, there have been Covid-19 patients requiring speech and speech therapy treatments for voice, swallowing and communication problems due to various respiratory symptoms, which has had a mixed impact on the whole industry.

The global Speech Therapy Market was estimated at $9.9 billion in 2021 and is expected to hit USD 17 billion by 2031, registering a CAGR of 5.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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The global speech therapy market is analyzed by type, age, end-user, and region. The report performs a comprehensive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can take advantage of the breakdown and devise stratagems based on the fastest growing and highest revenue generating segments noted in the report. By type, the Neurological Conditions segment accounted for nearly two-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The same segment is also expected to record the fastest CAGR of 6.1% over the entire forecast period . The segment of speech disorders is also discussed throughout the report.

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By age, the pediatric segment accounted for more than two-thirds of the total market revenue in 2021 and is expected to dominate by 2031. However, the adult segment would project the fastest CAGR of 6.1% over the entire forecast period. By end-user, the Hospitals segment generated nearly three-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 6.1% over the entire forecast period. The other segments studied through the report include clinics and rehabilitation centers.
On a regional basis, the global speech therapy market in North America generated nearly half of the total market revenue in 2021 and is projected to retain the lion's share by 2031. Asia-Pacific, at the same time, would show the fastest CAGR of 7.8% over the forecast period. The other provinces analyzed through the report include Europe and LAMEA.

The key market players analyzed in the global speech therapy market report include National Institute of Physical Medicine and Rehabilitation (NIPMR), Humanus Corporation, Powerback Rehabilitation, BenchMark Physical Therapy Institute, Rehabilitation Associates, Inc., LifePoint Health (Kindred Healthcare), Reliant Rehabilitation, Therapy Solutions, Inc., Orient Speech Therapy Limited, and Madonna TherapyPlus.

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