Overview

Articulating growth: Demographic shifts and expanded insurance coverage will spur demand

IBISWorld’s Speech-Language Pathologists market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth
11-16
5.8%
Annual Growth
16-21
Profit
Employment
36,496
Business
6,948

Industry Threats & Opportunities

  • Rising student enrollment rates have stimulated demand for the industry’s diagnostic and treatment services
  • Rising insurance coverage under the Affordable Care Act has been a boon to the industry
  • The aging population will drive demand because the elderly typically require more medical care

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    Industry Analysis & Industry Trends

    The Speech-Language Pathologists industry has experienced steady conditions and stable growth over the past five years. In recent years, rising student enrollment rates have stimulated demand for the industry's diagnostic and treatment services. Most importantly, increased access to health insurance as a result of healthcare reform has better enabled individuals to afford industry services. The passage of the Patient Protection and Affordable Care Act (PPACA) of 2010 has been a boon to the industry. These trends are expected to continue in the next five years. Growth of the industry's main markets, students and the elderly, is expected to remain strong and revenue is expected to rise over the five years to 2021...

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    Industry Report - Industry Investment Chapter

    The Speech-Language Pathologists industry has a low level of capital intensity. In this industry, labor costs are considerably larger than capital expenditure: for every dollar spent on wages in 2016, an estimated $0.04 is allocated toward capital expenditure. Capital intensity in the industry has remained unchanged over the past five years. The industry is labor intensive, relying on pathologists and their assistants to evaluate, diagnose and treat speech, language, cognitive-communication and swallowing disorders. In 2016, wages are estimated to represent 39.9% of industry-wide revenue.

    Historically, capital costs have been low in this industry. Most functions in this industry cannot be made less labor intensive, as medical care requirements ensure a high degree of manual input. Non..

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    Additional Insights for the Speech-Language Pathologists Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Speech-Language Pathologists Industry are

  • Development of a symbiotic relationship with another industry
  • Having a good reputation
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Number of K-12 students and Number of adults aged 65 and older in the Speech-Language Pathologists industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Speech-Language Pathologists Industry?

    This industry comprises establishments of health practitioners that primarily evaluate, diagnose and treat speech, language, cognitive-communication and swallowing disorders.

    Industry Products
    Hearing loss
    Auditory processing disorder
    Autism spectrum disorder
    Pragmatics and social communication language disorders
    Semantics, morphology and syntax language disorders
    Industry Activities
    Monitor patients' progress and adjust treatments
    Develop treatment plans for problems such as hearing loss and auditory processing disorder
    Evaluate hearing or speech and language test results
    Develop individual or group programs in schools to deal with speech and language problems
    Instruct clients in techniques for more effective communication

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of K-12 students
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Federal funding for Medicare and Medicaid
  • Per capita disposable income

  • Current Performance
  • Steady demand from schools
  • Expanding health insurance rolls
  • Reimbursement policy uncertainty
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographic shifts
  • Healthcare reform spurs demand
  • Industry challenges
  • Table: Speech-Language Pathologists Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Speech-Language Pathologists Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Primary Care Doctors
  • Specialist Doctors
  • Home Care Providers
  • Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Primary Care Doctors
  • Specialist Doctors

  • Products & Services
  • Other
  • Semantics, morphology and syntax language disorders
  • Pragmatics and social communication language disorders
  • Autism spectrum disorder
  • Hearing loss
  • Auditory processing disorder
  • Chart: Speech-Language Pathologists Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Schools
  • Nonresidential healthcare facilities
  • Hospitals
  • Residential healthcare facilities
  • Colleges and universities
  • Chart: Major Market Segmentation for the Speech-Language Pathologists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Speech-Language Pathologists

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Speech-Language Pathologists Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Speech-Language Pathologists Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Speech-Language Pathologists Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of K-12 students (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Auditory Processing Disorder (Apd)
  • Also known as central auditory processing disorder (CAPD), APD is an umbrella term for a variety of disorders that affect the way the brain processes auditory information.
  • Autism Spectrum Disorder (Asd)
  • A development disorder that encompasses a wide range of symptoms, skills, and levels of impairment or disability, such as persistent deficits in social communication and social interaction.
  • Patient Protection And Affordable Care Act (Ppaca)
  • The healthcare reform law passed in 2010 that subsidized state and federal healthcare exchanges and mandated uninsured individuals purchase healthcare insurance.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
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    • Identify threats and opportunities
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    This report on Speech-Language Pathologists:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Speech-Language Pathologists market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Speech-Language Pathologists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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