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Telehealth Speech Therapy IS FASTEST GROWING SEGMENT FUELING THE GROWTH OF U.S. Speech Therapy Market

 Telehealth Speech Therapy IS FASTEST GROWING SEGMENT FUELING THE GROWTH OF U.S. Speech Therapy Market

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:

Speech therapy helps those suffering from speech or language problems. It is used by patients of all ages suffering from conditions like stuttering, apraxia, dysarthria, aphasia and more. Therapists help improve overall communication skills through customized treatment plans. The adoption of telehealth and virtual therapy services is growing the market size.

Market key trends:

The rising prevalence of speech disorders like autism, cerebral palsy and neurological conditions is fueling demand for speech therapy in the country. According to CDC data, 1 in 6 children have a developmental disability. Furthermore, over 3.5 million Americans suffer from aphasia post stroke while over 3 million experience persistent difficulty in stuttering. The growing acceptance and usage of telehealth options for speech therapy is also boosting the U.S. market growth. The COVID-19 pandemic accelerated the use of virtual services as patients switched to remote consultations for continuity of care and safety purposes. This shift to telehealth is likely to continue in the post pandemic period and benefit market expansion.

Segment Analysis

The U.S. speech therapy market is segmented into types of disorders, age group, end-user, and region. The disorder segment is further divided into fluency disorders, language disorders, voice disorders, articulation disorders, and other disorders. Currently, the language disorders segment dominates the market and is expected to continue its dominance during the forecast period. This is because language disorders are highly prevalent and require specialized treatment methods.

Key Takeaways

The Global U.S. Speech Therapy Market is expected to witness high growth, exhibiting CAGR of 5.4% over the forecast period, due to increasing prevalence of speech disorders such as stuttering, apraxia etc.

Regional analysis

The western region dominates the U.S. speech therapy market currently. According to reports, around 40% of the overall market demand comes from the western states. This is owing to increasing healthcare expenditure and availability of trained speech pathologists in states like California, Washington etc.

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, BenchMark Physical Therapy Institute, Rehabilitation Associates, Inc., Easy Speech Therapy Center, LA Speech Therapy Solutions, LLC, Teamwork Therapies, and The Hello Foundation. Genesis Rehab Services, being the largest provider of post-acute rehabilitation services in the country has the highest market share currently in the U.S. speech therapy space.

For more details on the report, Read- https://www.rapidwebwire.com/the-u-s-speech-therapy-market-growth

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