Press release
Speech and Language Disorder Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Speech and Language Disorder Market
The new report published by The Business Research Company, titled Speech And Language Disorder Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the speech and language disorder market size has grown strongly in recent years. It will grow from $8.18 billion in 2023 to $8.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The speech and language disorder market size is expected to see strong growth in the next few years. It will grow to $11.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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What Is Driving The Growth Of The Global Speech And Language Disorder Market?
Impact Of Rising Neurodegenerative Disease Cases On The Growth Of The Speech And Language Disorder Market
The increasing cases of neurodegenerative diseases is expected to propel the growth of the speech and language disorder market going forward. Neurodegenerative diseases are a group of progressive disorders, such as Alzheimer's disease, Parkinson's disease, and Amyotrophic Lateral Sclerosis (ALS), characterized by the gradual and irreversible loss of neurons, leading to cognitive, motor, and functional impairments. The case of neurodegenerative diseases is increasing due to the aging global population, rising life expectancy, and greater awareness and diagnosis of these conditions. Speech and language disorder treatment can provide valuable insights into the progression of the disease and help in improving the quality of life for affected individuals, enhancing both practical and emotional aspects of the individual's life. For instance, in April 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, Alzheimer's disease affected around 6.7 million Americans in 2023, with that figure expected to nearly triple to 14 million by 2060. Therefore, the increasing number of cases of neurodegenerative diseases is driving the growth of the speech and language disorder market.
What Is The Key Trend In The Global Speech And Language Disorder Market?
Revolutionizing AI-Powered Speech Therapy For Speech And Language Disorders
Major companies operating in the speech and language disorder market are focusing on developing innovative technologies, such as AI-based speech therapy platforms, to enhance accessibility, improve outcomes, and meet the demand for personalized, effective interventions. Artificial intelligence (AI)-based speech therapy platforms are computer programs or systems that make use of AI technology to deliver speech treatment remotely. For instance, in August 2023, Better Speech LLC, a US-based provider of speech therapy services, introduced Jessica, an innovative AI speech therapist that offers individualized therapy sessions that are available from any device, 24/7. Jessica assesses and enhances speech patterns using technology like voice recognition and natural language processing, which makes therapy more convenient, inexpensive, and entertaining.
How Is The Global Speech And Language Disorder Market Segmented?
The speech and language disorder market covered in this report is segmented -
1) By Type: Hardware, Software
2) By Category: Adults, Pediatrics
3) By Disorder Type: Articulation Disorders, Phonological Disorders, Voice Disorders or Resonance Disorders, Language Disorders, Other Disorder Types
4) By Cause: Stroke, Injury, Neurodegenerative Diseases, Other Causes
5) By End User: Healthcare Facilities, Speech Therapy Centers, Rehabilitation Centers, Other End Users
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How Is The Competitive Landscape Of The Global Speech And Language Disorder Market?
Major companies operating in the speech and language disorder market are Kindred Healthcare LLC, Nuance Communications Inc., Reliant Rehabilitation Holdings Inc., BenchMark Physical Therapy Institute LLC, Children's Hospital of Eastern Ontario, National Institute of Physical Medicine and Rehabilitation, Amplio Learning Technologies Inc., John McGivney Children's Centre, Expressable Inc., Rehabilitation Associates Inc., Constant Therapy Health Inc., Genesis Rehab Services LLC, Powerback Rehabilitation, Smart Speech Therapy LLC, Speech Therapy Solutions Inc., Speech Plus, Speech Pathways LLC, Canary Speech Inc., Imanyco Inc., Voiceitt Inc., Tactus Therapy Solutions Ltd, Virtual Speech Center Inc.
Contents Of The Global Speech And Language Disorder Market
1. Executive Summary
2. Speech And Language Disorder Market Report Structure
3. Speech And Language Disorder Market Trends And Strategies
4. Speech And Language Disorder Market - Macro Economic Scenario
5. Speech And Language Disorder Market Size And Growth
…..
27. Speech And Language Disorder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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