Speech and Language Disorder Market Size, and Growth 2030

[Research Report] The speech and language disorder market size is projected to reach US$ 12.90 billion by 2030 from US$ 8.39 billion in 2022. It is expected to register a CAGR of 5.7% in 2022–2030.

Market Insights and Analyst View:

Speech disorder is a condition in which the patient has a problem in forming or creating particular speech sounds required to communicate with others easily. Whereas, in language disorder, the person cannot understand the message or meaning the other person is trying to convey or has difficulty in expressing their thought properly. Speech and language disorders may sometimes occur due to behavioral or emotional disorders. Although these disorders are being addressed with various therapies in developed parts of the world, there is a significant shortage of healthcare professionals in underdeveloped or remote areas, which is hampering the speech and language disorders market growth.

Growth Drivers and Challenges:

The growing prevalence of speech and language disorders and the increasing number of cases of neurodegenerative diseases and strokes drive the speech and language disorders market growth. According to the data published by The Stuttering Foundation, more than 80 million people, or 1% of the total global population, stutter. As per the same source, about 5% of all children stutter for approximately 6 months or more, and about 1% of these children stutter beyond the average timeframe for a long period.

In addition, as per the National Institute on Deafness and Other Communication Diseases, the prevalence of speech sound disorders, such as articulation disorder and phonological disorder, is about 8%-–9% in young children, and about 3.3% of the total US children aged between 3- and 17 years have language disorders. Thus, the increasing prevalence of speech and language disorders, such as articulation disorders, phonological disorders, and stuttering, globally is driving the market growth. Further, the use of artificial intelligence for speech and language therapy is expected to bring new speech and language disorder market trends in the coming years.

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Report Segmentation and Scope:

The speech and language disorder market analysis has been carried out by considering the following segments: type, causes, disorder type, age group, provider, and geography. By type, the market is bifurcated into hardware and software. The software segment is further segmented into web-based and app-based. Based on cause, the market is segmented into stroke, injury, neurodegenerative diseases, and others. The neurodegenerative diseases segment is further divided into amyotrophic lateral sclerosis, Parkinson’s disease, and Huntington's disease. Based on disorder type, the market is divided into articulation disorders, phonological disorders, voice disorders or resonance disorders, language disorders, and others.

Based on category, the market is segmented into adults and pediatrics. The market, by provider, is segmented into healthcare facilities, speech therapy centers, rehabilitation centers, and others. Geographically, the scope of the speech and language disorder market report is primarily divided into covers North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, Japan, India, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

The speech and language disorder market, by type, is bifurcated into hardware, and software. In 2022, the software segment held a larger share of the market and is expected to record a higher CAGR during 2022–2030.

Based on causes, the market is segmented into stroke, injury, neurodegenerative diseases, and others. The Neurodegenerative diseases segment is further divided into Parkinson’s disease, ALS, and Huntington's disease. In 2022, the stroke segment held the largest speech and language disorder market share. The neurodegenerative diseases segment is expected to record the highest CAGR during 2022–2030.

Based on disorder type, the market is divided into articulation disorders, phonological disorders, voice disorders or resonance disorders, language disorders, and others. In 2022, the articulation disorders segment held the largest market share of the speech and language disorder market. However, the same segment is expected to record the highest CAGR during 2022–2030.

Based on category, the speech and language disorder market is bifurcated into adults and pediatrics. In 2022, the pediatrics segment held a larger share of the market and is expected to record a higher CAGR during 2022–2030.

The market, by provider, is segmented into healthcare facilities, speech therapy centers, rehabilitation centers, and others. In 2022, the healthcare facilities segment held the largest speech and language disorder market share and is anticipated to register the highest CAGR during 2022–2030.

Regional Analysis:

Geographically, the market is divided into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is the biggest contributor to the global speech and language disorder market. Asia Pacific is predicted to show the highest CAGR in the market during 2022–2030. North America held the largest share of the global market in 2022 owing to increasing cases of neurodegenerative disorders, increasing use of app-based speech therapy, increasing prevalence of speech disorders such as disfluency, and the presence of key market players. In North America, the US held the largest share of the market in 2022.

Speech and Language Disorder Market Regional Insights

The regional trends and factors influencing the Speech and Language Disorder Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Speech and Language Disorder Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Speech and Language Disorder Market Report Scope

Speech and Language Disorder Market Players Density: Understanding Its Impact on Business Dynamics

The Speech and Language Disorder Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Speech and Language Disorder Market are:

1. Tactus Therapy Solutions Ltd
2. Virtual Speech Center
3. The Meco Group
4. MyTalkTools Mobile
5. iCommunicate

Disclaimer: The companies listed above are not ranked in any particular order.

Industry Developments and Future Opportunities:

The speech and language disorder market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. Strategies by key players operating in the speech and language disorder market are listed below:

• In August 2021, CHOC launched a pilot study on the speech therapy app that was developed using the help of senior undergraduate students at UC Irvine’s School of Information and Computer Science (ICS). Amplify is an app designed to make speech therapy more convenient, engaging, and interactive for both clinicians and patients by using an adventure game. This app hosts a comprehensive library of interactive, audible adventure exercises to improve speech skills that are embedded in the storyline.

Competitive Landscape and Key Companies:

Tactus Therapy Solutions Ltd, Virtual Speech Center, The Meco Group, MyTalkTools Mobile, iCommunicate, iConverse, Skylineinnovation, Speak Up, Proloquo2Go, and Talkitt are among the prominent players profiled in the speech and language disorder market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. These companies focus on geographic expansions and new product launches to meet the growing demand from consumers worldwide and increase their product range in specialty portfolios. Their global presence allows them to serve a large customer base, subsequently facilitating market expansion.