Speech therapy services comprise the diagnosis and treatment of various speech and communication related disorders.
Global Speech Pathology Services Market: Overview
Speech therapy services comprise the diagnosis and treatment of various speech and communication related disorders. These services cover a wide range of services for the treatment of feeding and swallowing disorders, cognitive-communicative disorder, dysarthria, apraxia, fluency disorder, language and speech-related issues. Speech pathology services include speech trainer equipment, audiometer, and drills. These are utilized by the speech pathologists for the treatment of patients suffering from various speech disorders. These kinds of disorders are found mostly in the geriatric population and amongst the infants. The global speech pathology services market is expected to ride on the back of increased prevalence of various types of speech and communication related issues.
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Hearing loss and speech disorder are very much associated with the elderly population who are vulnerable to such problems. As such, expansion in the base of geriatric population is estimated to leave a direct positive impact on the development of the global speech pathology services market over the tenure of analysis, from 2020 to 2030. In addition to that, infants are also affected by various forms of motor-speech related disorders and neurological illnesses. Rising number of infants suffering from such speech-related disorders is anticipated to work in favor of the global speech pathology services market over the tenure of analysis.
Indications, age group, service providers, and region are the four important parameters based on which the global speech pathology services market has been classified.
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Global Speech Pathology Services Market: Notable Developments
One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global speech pathology services market is mentioned as below:
- On October 2017, Dynatronics Corporation successfully acquired US-based manufacturer of specialty patient care and orthopedic soft goods, Bird & Cronin, Inc. The acquisition is anticipated to broaden and diversify the market position of Dynatronics Corporation.
Some of the prominent organizations in the global speech pathology services market include the below-mentioned:
- Dynatronics Corporation
- GF health Products, Inc
- Benchmark Therapies Inc
- Ekso Bionics Holdings Inc
- Medline Industries, Inc
- Smart Speech Therapy LLC
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Global Speech Pathology Services Market: Key Trends
The global speech pathology services market is characterized by the presence of the following restraints, drivers, and opportunities.
Farm Mechanization and Favorable Government Policies to Drive Demand in the Market
Loss of speech and communication is mostly connected to the progression of age. A rise in the ageing population is likely to open up plethora of opportunities for the service providers of the global speech pathology services market. In addition, many infants are born with neurological disorders, which often lead to hearing and speech impairments. The areas where retirees live are estimated to present promising opportunities for the market.
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There has been immense medical progress in the treatment of stroke and trauma patients and premature infants. This has led to quick assessment and treatment of various speech related disorders. Growing awareness about the significance of early detection and treatment of speech impairment in infants is anticipated to widen the scope of the global speech pathology services market in the forthcoming years. There has been a rise in the demand for speech pathology services in many secondary as well as elementary schools meant for imparting education to differently-abled children is likely to work in favor of the market in the near future.
Global Speech Pathology Services Market: Geographical Analysis
North America is estimated to come up as one of prominent markets and take the lead of the global speech pathology services market over the tenure of assessment, from 2020 to 2030. Such prominence of the region is attributed to the rising cases of congenital disorders and expanding geriatric population.
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