- In January 2024, Great Speech, a leading provider of virtual speech therapy, announced a strategic partnership with Bennie to enhance access to remote speech therapy services, particularly targeting underserved and rural populations. This collaboration aims to bridge the gap in speech therapy availability through digital platforms
- In September 2023, Israeli tech company Voiceitt introduced an AI-driven speech recognition system tailored for individuals with speech impairments. The technology creates personalized voice models, enabling users with conditions such as cerebral palsy and Parkinson’s disease to communicate more effectively with people and digital devices
- In August 2023, Better Speech LLC launched 'Jessica,' an AI-based speech therapist accessible 24/7 from any device. Utilizing voice recognition and natural language processing, Jessica personalizes therapy sessions, making speech therapy more engaging, affordable, and convenient for users
- In July 2023, designed to enhance communication for individuals with severe speech impairments. This innovation aims to provide more accurate and accessible communication tools for those affected
- In January 2023, Versify, a speech therapy platform, raised USD 12 million in funding to broaden its offerings and reach more individuals with speech impairments. The investment will support the development of advanced tools and resources to improve speech therapy accessibility and effectiveness
Frequently Asked Questions
the rising integration of AI and digital therapeutics in speech therapy, is emerging as a pivotal trend driving the global speech impairment market.
The major factors driving the growth of the speech impairment market are growing need due to rising prevalence of speech and language disorders and the adoption of AI-powered speech therapy and assistive communication technologies.
The primary challenges include high cost of advanced therapy solutions limiting accessibility and limited access to qualified speech-language pathologists.
The speech disorder segment is expected to dominate the global speech impairment market holding a major market share in 2025, due to the high prevalence across all age groups and the increasing demand for early intervention and therapy solutions.
Asia-Pacific is the fastest growing region in the global speech impairment market due its large population base, rising awareness of speech-language disorders, and expanding access to healthcare and educational services.
