Pediatric Home Healthcare Market By Services (Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services), By Application (Cancer, Respiratory disease, Cardiovascular disease, Physical disabilities, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Pediatric Home Healthcare Market was valued for $37.2 billion in 2022 and is estimated to reach $71.2 billion by 2032, exhibiting a CAGR of 6.7% from 2023 to 2032. Pediatric home healthcare refers to medical care and support services provided to children in their own homes. It is designed to meet the unique healthcare needs of infants, children, and adolescents who require ongoing medical attention or have chronic illnesses or disabilities.
Pediatric home healthcare can include a wide range of services, depending on the specific needs of the child. Some common services provided by pediatric home healthcare agencies or professionals may include skilled nursing care, respiratory care, physical, occupational, and speech therapy, personal care assistance, and various others.
Major factors that drive the growth of the global pediatric home healthcare market include surge in technological advancement for providing continuous care and medical assistance at home to children with medical complexities (CMC) and increase in prevalence of chronic diseases such as cerebral palsy, congenital heart diseases, cystic fibrosis, muscular dystrophy, epilepsy, and cancer in pediatric population worldwide. For instance, according to the Centers for Disease Control and Prevention (CDC) 2021, more than 40% of school-aged children and adolescents have at least one chronic health condition, such as asthma, obesity, other physical conditions, and behavior/learning problems. The healthcare needs of children with chronic illness can be complex and continuous and includes both daily management and addressing potential emergencies.
Furthermore, cost effectiveness of pediatric home healthcare compared to hospital care as it eliminates the need for prolonged hospital stays and reduces healthcare expenditures associated with inpatient care, favorable government initiatives and policies aimed at promoting home healthcare services, and dearth of pediatric specialists in many regions, particularly in rural areas boost the growth of the pediatric home healthcare market. In addition, an increase in the life expectancy of premature babies due to improved medical interventions has created demand for in-home pediatric care services which propels the market growth.
However, lack of awareness and shortage of skilled workforce are expected to restrict the growth of the pediatric home healthcare market. On the contrary, increase in prevalence of chronic diseases in children, surge in preference for patient-centric care, and government initiatives and support are expected to create immense opportunities for the expansion of the global pediatric home healthcare market in the future.
The pediatric home healthcare market is segmented on the basis of service, application, and region. On the basis of service, the market is classified into skilled nursing services, personal care assistance, and rehabilitation therapy services. As per application, the market is classified into cancer, respiratory disease, cardiovascular disease, physical disabilities, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
The major players profiled in the report are Aveanna Healthcare, LLC, BAYADA Home Healthcare, Tendercare Home Health, Angels of Care Pediatric Home Health, New England Home Care, Inc., EKIDZCARE Corporate, Children's Home Healthcare, MGA Homecare, ParaMed Home Healthcare, and Interim Healthcare. The major players in the market have adopted agreement, partnership, acquisition, and business expansion as key developmental strategies to improve the product portfolio of the pediatric home healthcare market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pediatric home healthcare market analysis from 2022 to 2032 to identify the prevailing pediatric home healthcare market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the pediatric home healthcare market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global pediatric home healthcare market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ServicesSkilled Nursing Services
Personal Care Assistance
Rehabilitation Therapy Services
By ApplicationCancer
Respiratory disease
Cardiovascular disease
Physical disabilities
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Angels of Care Pediatric Home Health
Aveanna Healthcare, LLC
BAYADA Home Health Care, Inc.
Children's Home Healthcare
EKIDZCARE Corporate
Interim HealthCare
MGA Homecare
New England Home Health Services
Paramed Home Health Care
Tendercare Home Health Services, Inc.
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