U.S. Speech Therapy is Estimated to Witness High Growth Owing to Opportunity in Telehealth Speech Therapy

Alex Huge

U.S. Speech Therapy is Estimated to Witness High Growth Owing to Opportunity in Telehealth Speech Therapy

Speech therapy in the U.S. involves treating impairments and disorders related to language, communication, voice and swallowing in children as well as adults. Speech therapists help individuals of all ages to develop, maintain and improve the way they communicate. The need for speech therapy is growing significantly due to rise in neurological and language disorders. With growing preference for telehealth services, online speech therapy platforms are gaining popularity as they provide convenience and accessibility.

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 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

Telehealth Speech Therapy

The growing prevalence of patients and the limitation of time and resources of speech therapists have increased demand for telehealth speech therapy platforms. Online speech therapy provides flexible sessions to patients from the comfort of their own home. It allows therapists to see more patients and provide personalized care to those in remote locations. The telehealth model is expected to expand access and lower costs for speech therapy. With telehealth reimbursement policies increasingly supporting tele-speech services, this alternative mode of therapy delivery is poised to witness significant growth over the coming years.

Porter's Analysis

Threat of new entrants: Low due to high capital requirements and regulatory policies. Bargaining power of buyers: Moderate due to non availability of substitutes and indispensability of services. Bargaining power of suppliers: Low due to availability of substitute materials and services.Threat of new substitutes: Low as speech therapy is crucial for conditions like developmental delays, stuttering, voice disorders etc. Competitive rivalry: High due to presence of many competitors offering speech therapy services.

SWOT Analysis

Strengths: Growing prevalence of speech disorders, Rising healthcare expenditure, Awareness about speech therapy. Weaknesses: Shortage of trained therapists, Geographic limitations, High service costs, Lack of insurance coverage. Opportunities: Untapped rural areas, Online therapy services, Emerging technologies like VR/AR. Threats: Alternate treatment options, Reimbursement policies, Stringent regulations.

Key Takeaways

The U.S. speech therapy market size is expected to witness high growth during the forecast period due to rising cases of communication disorders.

Regional analysis: The southern region holds the largest share in the U.S. speech therapy market mainly due to presence of prominent healthcare facilities in states like Texas and Florida. As per estimates, over 60% of speech therapy clinics are located in this region. However, the western region is expected to witness fastest growth during the forecast period attributed to increasing health awareness initiatives by regional governments.

Key players operating in the U.S. SPEECH THERAPY market are Exxon Mobil Corporation, Total S.A., Royal Dutch Shell plc, Isu Exachem, Mehta Petro Refineries, Avani Petrocehm P. Ltd., Raj Petro Specialties P. Ltd., and Eastern Petroleum Private Limited.

Get more insights on this topic: https://www.trendingwebwire.com/u-s-speech-therapy-market-market-size-and-opportunity-analysis-2023-2030/

Alex Huge

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

samruddhicmi12 2023-12-07

The adoption of telehealth and virtual therapy services is growing the market size. The growing acceptance and usage of telehealth options for speech therapy is also boosting the U. The disorder segment is further divided into fluency disorders, language disorders, voice disorders, articulation disorders, and other disorders. , 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.

The surging demand for treatment of speech and language disorders opens lucrative opportunities in the U.S. speech therapy market

samruddhicmi123 2023-10-27

The Speech therapy Market is estimated to be valued at US$ 4. The increasing awareness about available treatment options and their effectiveness is prompting more people to opt for speech therapy. This is due to the rising prevalence of speech disorders among children such as stuttering, articulation disorders, and language delay. Pediatric speech therapy helps children in developing communication and speech skills which is important for childhood development. , Easy Speech Therapy Center, LA Speech Therapy Solutions, LLC, Teamwork Therapies, and The Hello Foundation.

Speech therapy is driving growth in the U.S. SPEECH THERAPY Market

naufan 2024-03-18

The market covers a wide range of services for both children and adults such as articulation therapy, language therapy, fluency therapy, and voice therapy. Global speech therapy market is estimated to be valued at US$ 5. The rising prevalence of communication and swallowing disorders is driving the demand for speech therapy services in the country. In terms of value, the Midwestern region of the United States accounts for the largest share in the speech therapy market currently. The Pacific region of the United States, encompassing states like California, Washington, and Oregon, are witnessing accelerated growth in the speech therapy market.

Get a Speech therapy with our Therapists at Long island - Theralimpic Speech

Theralympic Speech 2021-12-23

Speech therapy Long island is a beneficial treatment for speech remedy it's helpful for children in numerous ways. Speech therapy provides treatment for people who pass Speech remedy diseases and communication problems. Theralimpic Speech provides occupational therapists that’ll help you develop your communication skills. Communicate us today at 6312403579 to get a professional speech therapist, or visit our site https//theralympicspeech. com to know more about Speech therapy Long island.

The importance of speech therapy for people with swallowing difficulties, such as dysphagia or aspiration

Bilal Mazhar 2023-06-03

Stroke can affect the muscles and nerves that control swallowing, leading to dysphagia (difficulty swallowing) or aspiration (swallowing into the lungs). Social isolation: Swallowing difficulties can make it hard to enjoy meals with family and friends. How can speech therapy help? ConclusionSpeech therapy can help people with swallowing difficulties improve their swallowing skills. At Rapid Healing Medical Services, we offer high-quality speech therapy services for people of all ages and abilities.

What is the Difference between Physical and Occupational Therapy?

The Kioko Center 2022-02-14

OverviewBoth occupational and physical therapists are licensed professionals who graduated from an accredited program (occupational therapy is an entry-level master’s or doctorate, and physical therapy is a doctoral-level degree). In a school setting, occupational and physical therapy are added to a qualifying child’s plan to support their educational outcomes. Note: If a student’s occupational or physical therapy needs do not involve their ability to access their education, they may be a better candidate for outpatient therapy. A physical therapist (PT) evaluates and treats a student’s physical motor skills. We are a pediatric therapy organization that specializes in occupational therapy and speech therapy.

WHO TO FOLLOW