USD 286.35 billion
Report ID: SQMIG35F2005 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 67 | Figures: 75
Global Pediatric Home Healthcare Market size was valued at USD 286.35 billion in 2021 and is poised to grow from USD 314.8 billion in 2022 to USD 514.5 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).
Pediatric pollution worldwide is becoming more common with chronic disorders such as cerebral palsy, congenital heart problems, cystic fibrosis, muscular dystrophy, epilepsy, and cancer. This has opened up prospects for important players to invest in the market. Around 5.6 million children in the United States required at least 5 hours of in-home medical care, according to NS–CSHCN. An estimated 1.5 billion hours are spent annually by parents caring for their children, costing each household $3,200.
Infants with complicated cardiac, neurological, and respiratory issues have had fewer hospital visits because of life-sustaining pediatric home healthcare services provided in a cost setting. One in five children between the ages of 5 and 19 need special medical care, According to the National Survey of Children with Special Healthcare Needs. Children with Special Healthcare Needs (CSHCN) are more common, but having access to pediatric home healthcare services enhances their quality of life and significantly lowers their medical costs.
Additionally, the need for in-home pediatric care services has grown as a result of improved medical procedures that have extended the life expectancy of preterm babies. Premature babies that weigh less than 1 pound typically have a number of chronic illnesses and need particular care from an early age.
Additionally, with the aid of pediatric nursing care at home, infants with complex disorders can now be discharged from neonatal critical care units. These technologies and tools include ventilators, CPAP machines, gastric tubes, nebulizers, and apnea monitors.
US Pediatric Home Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 286.35 billion
Rehabilitation Therapy Services
Skilled Nursing Services
To get more reports on the above market click here to Buy The Report
Pediatric Home Healthcare Market has been segmented based on service insight, application, and region. Based on service insight, the Pediatric Home Healthcare Market is segmented into skilled nursing services, personal care assistance, and rehabilitation therapy services. Based on the application, the Pediatric Home Healthcare Market is segmented into premature babies, cardiovascular disease, complex intravenous therapy, pediatric oncology, chronic disease, infectious disease, and others. Based on region, the pediatric home healthcare market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pediatric Home Healthcare Market Analysis by Service Insight
Pediatric home healthcare was dominated by the rehabilitation treatment services area, which in 2021 had a revenue share close to 60%. During the forecasted period, there is predicted to be an increase in demand for rehabilitation therapy services due to the increased likelihood that premature newborns may have neurological and musculoskeletal deficiencies. The majority of service providers provide children with autism, ADD/ADHD, cerebral palsy, muscle atrophy, and other disabilities with various rehabilitation therapies like physical, occupational, and speech therapy.
Due to the rise in pediatric patients with chronic illnesses such as cerebral palsy, cystic fibrosis, asthma, and epilepsy, the skilled nursing services market is also expanding. The cost of inpatient care for kids with complicated medical needs has been dramatically decreased because of skilled nursing services. The average cost of skilled nursing services is USD 450 per day, whereas the average cost of inpatient care is USD 3,000 per day, according to research released in May 2018. Educating their nursing staff to offer high-quality care for kids with unique healthcare needs is a key problem for pediatric home care providers. Key players are launching a variety of strategic measures to bolster their capacities in order to overcome such obstacles.
To get detailed analysis on other segments, Request For Sample Report
Due to rising awareness of pediatric home-based medical services, North America dominated the global pediatric home healthcare market and held the greatest revenue share of close to 35.0 %. Nearly 500,000 newborns and adolescents with exceptional medical requirements require various medical and therapeutic assistance in their homes, according to a report on children with complicated medical disorders in the U.S. Long-term hospital stays can considerably raise medical costs, whereas pediatric home-based therapies are more affordable and enhance patient care. As a result, a wide variety of suppliers in the U.S. are providing a range of services to satisfy this expanding need.
The pediatric home healthcare industry in Asia Pacific is anticipated to grow profitably over the next few years. Premature infants and newborns now have a higher chance of surviving thanks to improvements in medical technology in developing nations, but they also have a larger risk of having physical and neurological conditions that call for in-home pediatric care. As a result, BAYADA Home Health Care has established a number of pediatric facilities in South Korea, New Zealand, and India.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Pediatric Home Healthcare Market Driver
Pediatric Home Healthcare Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
In the home healthcare market, the pediatric care service is a booming segment that presents operators with tremendous opportunities to grow their businesses. The greatest income-generating specialty for BAYADA Home Health Care, one of the market's key participants, and the source of nearly one-third of its revenue is pediatric nursing services.
Top Players in the Global Pediatric Home Healthcare Market
Pediatric Home Healthcare Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by service insight, the rehabilitation treatment segment dominated the global pediatric home healthcare market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the global pediatric home healthcare market owing to the region's rising medical costs, whereas pediatric home-based therapies are more affordable and enhance patient care.
|Market size value in 2021||USD 286.35 billion|
|Market size value in 2030||USD 314.8 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Pediatric Home Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Pediatric Home Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pediatric Home Healthcare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Pediatric Home Healthcare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.