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The outbreak of the pandemic had forced a number of industries to shut their operations temporarily including the sub-domains of healthcare. Decline in number of speech language pathologists had a negative impact on the global speech therapy market.
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Speech Therapy Market Expected to Reach $17 Billion by 2031—Allied Market Research Growth of the speech therapy market is driven by increase in demand for speech therapy due to rise in speech related disorders and major players offer speech therapy to treat communication disorders caused due to brain injury, birth defects such as down syndrome, fragile X syndrome, or cerebral palsy, and problems in pregnancy or birth which fuel the growth of the market. The speech therapy market size was valued at $9.9 billion in 2021, and is estimated to reach $17 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Covid-19 Scenario:: • COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has negatively impacted growth of speech therapy industry. This is attributed to decrease in demand for speech therapy as well as decline in number of referrals to speech-language pathologists due to lockdown restrictions. Furthermore, homecare services was stopped completely during pandemic which negatively affected the speech therapy market growth. However, the market for speech therapy has been growing steadily during coming years due to rise in demand for telehealth services which is expected to propel market growth in near future. Covid-19 : Download Free Sample Report at: https://www.alliedmarketresearch.com/request-sample/31901
List of key players profiled in the report: • 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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