The pediatric home healthcare market has grown strongly in recent years. It will grow from $43.22 billion in 2023 to $47.45 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth witnessed in the historical period owes much to several factors. There was a notable surge in the demand for streamlined talent acquisition processes, driven by the need for more efficient and effective recruitment strategies. The globalization of the workforce played a significant role, accompanied by an increased volume of job applications across industries. Efforts aimed at enhancing the candidate experience became a focal point, influencing recruitment practices. Compliance with regulations and adherence to evolving standards, particularly in the realm of employment, also contributed significantly to this growth trajectory. Moreover, the emphasis on diversity and inclusion initiatives within recruitment processes further shaped and influenced the growth observed in this period.
The pediatric home healthcare market is expected to see rapid growth in the next few years. It will grow to $69.87 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. Anticipated growth in the forecast period is likely driven by several key factors. There's a heightened focus on employee retention strategies, signaling a shift towards retaining valuable talent within organizations. Remote onboarding solutions and video interviewing technologies are expected to play crucial roles in enhancing recruitment processes, particularly amidst remote work trends. The adoption of mobile recruiting is poised to expand, accommodating the evolving job market and candidate preferences. Additionally, the proliferation of the gig economy is anticipated to impact recruitment dynamics significantly, altering the nature of employment.
The pediatric home healthcare market is experiencing growth due to the rising prevalence of chronic conditions requiring continuous medical attention. Conditions such as heart disease, cancer, stroke, diabetes, and arthritis necessitate ongoing care, and pediatric home healthcare offers treatment and support for children managing these long-term health issues. By delivering licensed professional care in the comfort of their homes, these services reduce extended hospital stays. According to the NCBI Report 2022, the projected increase in individuals with at least one chronic disease from 71.522 million in 2020 to 142.66 million by 2050 signifies the driving force behind this market growth.
The pediatric home healthcare market is witnessing an upsurge due to the escalating rate of preterm births, where infants are born before completing 37 weeks of gestation. This trend necessitates specialized medical care and monitoring for preterm infants within the home environment. As reported by March of Dimes in November 2022, the U.S. experienced a notable 10.5% increase in preterm birth rates in 2021 alone, showcasing a significant rise in this demographic. Consequently, this surge in preterm births stands as a driving factor for the growth of the pediatric home healthcare market.
A prominent trend shaping the pediatric home healthcare market involves the adoption of advanced technologies by industry players to fortify their market presence. Companies within this sector are integrating new technologies to remain competitive. An illustrative case is CognitiveBotics Technologies, which launched an artificial intelligence-based eLearning platform for children with Autism Spectrum Disorder in April 2023. This groundbreaking product employs Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to offer comprehensive special education tailored for children aged two to 18, enhancing their social, communicative, motor, and emotional skills.
Companies vying in the pediatric home healthcare landscape are prioritizing innovation, particularly in services such as respiratory therapy, to gain a competitive advantage. Respiratory therapy, focusing on breathing and cardiopulmonary disorders, constitutes a pivotal facet of these services. For instance, PHS introduced its Infusion Nursing And Pharmacy services in Wisconsin in April 2021. These services encompass Respiratory Therapy, Durable Medical Equipment, Enteral Nutrition, and Online Education, benefiting over 500 patients. PHS emphasizes patient-centered care, collaborating with on-site pharmacies to ensure integrated, safe, and tailored care for each child's unique medical requirements, fostering a sense of comfort and assurance.
In January 2022, Entrusted Pediatric Home Care, a leading U.S. provider specializing in pediatric nursing services, completed the acquisition of Advance Medical Pediatric Home Health (AMP). This strategic acquisition marks a significant milestone for Entrusted Pediatric Home Care as it extends its reach into the North Texas market. By integrating AMP into its operations, Entrusted Pediatric Home Care aims to enhance its service capabilities, ensuring improved client care across various communities within the Dallas-Fort Worth metroplex. AMP, a well-established pediatric home health agency based in the United States, now becomes an integral part of Entrusted Pediatric Home Care's expanded presence and service portfolio.
Major companies operating in the pediatric home healthcare market report are Aveanna Healthcare LLC, BAYADA Home Health Care Inc., Tendercare Home Health Services Inc., BrightStar Group Holdings Inc., Angels of Care Pediatric Home Health, New England Home Care Inc., Pediatric Home Healthcare, Enviva Pediatric Care, Interim Healthcare Inc., eKidzCare, MGA Homecare LLC, At Home Healthcare, Paramed Inc., Kindred Healthcare LLC, LHC Group Inc., National HealthCare Corporation, 3A Composites, Air Liquide S.A., B. Braun Melsungen AG, BPL Medical Technologies, Cardinal Health Inc., Sunrise Medical LLC, Maxim Healthcare Services, Team Select Home Care, Portea Medical, EKIDZCARE CORPORATE, OMRON Corporation, Amedisys Inc., Extendicare Inc., Home Instead Senior Care Inc.
North America was the largest region in the pediatric home healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global pediatric home healthcare market during the forecast period. The regions covered in the pediatric home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pediatric home healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key services within pediatric home healthcare encompass skilled nursing services, personal care assistance, and rehabilitation therapy. Skilled nursing services entail a broad spectrum of medical care, including occupational therapy, physical therapy, and speech-language pathology, aiming to address diverse medical requirements. The utilization of diagnostic and monitoring devices, therapeutic tools, and home mobility assistive devices is common in pediatric home healthcare. These devices serve various purposes, aiding conditions such as premature births, cardiovascular ailments, intricate intravenous therapies, pediatric oncology, chronic illnesses, infectious diseases, among other applications, facilitating comprehensive care within a home setting.
The pediatric home healthcare market research report provides pediatric home healthcare optical components market statistics, including pediatric home healthcare optical components industry global market size, regional shares, competitors with a pediatric home healthcare optical components market share, detailed pediatric home healthcare optical components market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric home healthcare optical components industry. This pediatric home healthcare optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pediatric home healthcare market includes revenues earned by entities by providing physical therapy, speech therapy and psychosocial support. Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The pediatric home healthcare market is expected to see rapid growth in the next few years. It will grow to $69.87 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. Anticipated growth in the forecast period is likely driven by several key factors. There's a heightened focus on employee retention strategies, signaling a shift towards retaining valuable talent within organizations. Remote onboarding solutions and video interviewing technologies are expected to play crucial roles in enhancing recruitment processes, particularly amidst remote work trends. The adoption of mobile recruiting is poised to expand, accommodating the evolving job market and candidate preferences. Additionally, the proliferation of the gig economy is anticipated to impact recruitment dynamics significantly, altering the nature of employment.
The pediatric home healthcare market is experiencing growth due to the rising prevalence of chronic conditions requiring continuous medical attention. Conditions such as heart disease, cancer, stroke, diabetes, and arthritis necessitate ongoing care, and pediatric home healthcare offers treatment and support for children managing these long-term health issues. By delivering licensed professional care in the comfort of their homes, these services reduce extended hospital stays. According to the NCBI Report 2022, the projected increase in individuals with at least one chronic disease from 71.522 million in 2020 to 142.66 million by 2050 signifies the driving force behind this market growth.
The pediatric home healthcare market is witnessing an upsurge due to the escalating rate of preterm births, where infants are born before completing 37 weeks of gestation. This trend necessitates specialized medical care and monitoring for preterm infants within the home environment. As reported by March of Dimes in November 2022, the U.S. experienced a notable 10.5% increase in preterm birth rates in 2021 alone, showcasing a significant rise in this demographic. Consequently, this surge in preterm births stands as a driving factor for the growth of the pediatric home healthcare market.
A prominent trend shaping the pediatric home healthcare market involves the adoption of advanced technologies by industry players to fortify their market presence. Companies within this sector are integrating new technologies to remain competitive. An illustrative case is CognitiveBotics Technologies, which launched an artificial intelligence-based eLearning platform for children with Autism Spectrum Disorder in April 2023. This groundbreaking product employs Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to offer comprehensive special education tailored for children aged two to 18, enhancing their social, communicative, motor, and emotional skills.
Companies vying in the pediatric home healthcare landscape are prioritizing innovation, particularly in services such as respiratory therapy, to gain a competitive advantage. Respiratory therapy, focusing on breathing and cardiopulmonary disorders, constitutes a pivotal facet of these services. For instance, PHS introduced its Infusion Nursing And Pharmacy services in Wisconsin in April 2021. These services encompass Respiratory Therapy, Durable Medical Equipment, Enteral Nutrition, and Online Education, benefiting over 500 patients. PHS emphasizes patient-centered care, collaborating with on-site pharmacies to ensure integrated, safe, and tailored care for each child's unique medical requirements, fostering a sense of comfort and assurance.
In January 2022, Entrusted Pediatric Home Care, a leading U.S. provider specializing in pediatric nursing services, completed the acquisition of Advance Medical Pediatric Home Health (AMP). This strategic acquisition marks a significant milestone for Entrusted Pediatric Home Care as it extends its reach into the North Texas market. By integrating AMP into its operations, Entrusted Pediatric Home Care aims to enhance its service capabilities, ensuring improved client care across various communities within the Dallas-Fort Worth metroplex. AMP, a well-established pediatric home health agency based in the United States, now becomes an integral part of Entrusted Pediatric Home Care's expanded presence and service portfolio.
Major companies operating in the pediatric home healthcare market report are Aveanna Healthcare LLC, BAYADA Home Health Care Inc., Tendercare Home Health Services Inc., BrightStar Group Holdings Inc., Angels of Care Pediatric Home Health, New England Home Care Inc., Pediatric Home Healthcare, Enviva Pediatric Care, Interim Healthcare Inc., eKidzCare, MGA Homecare LLC, At Home Healthcare, Paramed Inc., Kindred Healthcare LLC, LHC Group Inc., National HealthCare Corporation, 3A Composites, Air Liquide S.A., B. Braun Melsungen AG, BPL Medical Technologies, Cardinal Health Inc., Sunrise Medical LLC, Maxim Healthcare Services, Team Select Home Care, Portea Medical, EKIDZCARE CORPORATE, OMRON Corporation, Amedisys Inc., Extendicare Inc., Home Instead Senior Care Inc.
North America was the largest region in the pediatric home healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global pediatric home healthcare market during the forecast period. The regions covered in the pediatric home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pediatric home healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key services within pediatric home healthcare encompass skilled nursing services, personal care assistance, and rehabilitation therapy. Skilled nursing services entail a broad spectrum of medical care, including occupational therapy, physical therapy, and speech-language pathology, aiming to address diverse medical requirements. The utilization of diagnostic and monitoring devices, therapeutic tools, and home mobility assistive devices is common in pediatric home healthcare. These devices serve various purposes, aiding conditions such as premature births, cardiovascular ailments, intricate intravenous therapies, pediatric oncology, chronic illnesses, infectious diseases, among other applications, facilitating comprehensive care within a home setting.
The pediatric home healthcare market research report provides pediatric home healthcare optical components market statistics, including pediatric home healthcare optical components industry global market size, regional shares, competitors with a pediatric home healthcare optical components market share, detailed pediatric home healthcare optical components market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric home healthcare optical components industry. This pediatric home healthcare optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pediatric home healthcare market includes revenues earned by entities by providing physical therapy, speech therapy and psychosocial support. Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Pediatric Home Healthcare Market Characteristics3. Pediatric Home Healthcare Market Trends and Strategies31. Global Pediatric Home Healthcare Market Competitive Benchmarking32. Global Pediatric Home Healthcare Market Competitive Dashboard33. Key Mergers and Acquisitions in the Pediatric Home Healthcare Market
4. Pediatric Home Healthcare Market - Macro Economic Scenario
5. Global Pediatric Home Healthcare Market Size and Growth
6. Pediatric Home Healthcare Market Segmentation
7. Pediatric Home Healthcare Market Regional and Country Analysis
8. Asia-Pacific Pediatric Home Healthcare Market
9. China Pediatric Home Healthcare Market
10. India Pediatric Home Healthcare Market
11. Japan Pediatric Home Healthcare Market
12. Australia Pediatric Home Healthcare Market
13. Indonesia Pediatric Home Healthcare Market
14. South Korea Pediatric Home Healthcare Market
15. Western Europe Pediatric Home Healthcare Market
16. UK Pediatric Home Healthcare Market
17. Germany Pediatric Home Healthcare Market
18. France Pediatric Home Healthcare Market
19. Italy Pediatric Home Healthcare Market
20. Spain Pediatric Home Healthcare Market
21. Eastern Europe Pediatric Home Healthcare Market
22. Russia Pediatric Home Healthcare Market
23. North America Pediatric Home Healthcare Market
24. USA Pediatric Home Healthcare Market
25. Canada Pediatric Home Healthcare Market
26. South America Pediatric Home Healthcare Market
27. Brazil Pediatric Home Healthcare Market
28. Middle East Pediatric Home Healthcare Market
29. Africa Pediatric Home Healthcare Market
30. Pediatric Home Healthcare Market Competitive Landscape and Company Profiles
34. Pediatric Home Healthcare Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on pediatric home healthcare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for pediatric home healthcare? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Service: Skilled Nursing Services; Personal Care Assistance; Rehabilitation Therapy Services
2) By Device: Diagnostic And Monitoring Devices; Therapeutic Devices; Home Mobility Assist Devices
3) By Application: Premature Babies; Cardiovascular Disease; Complex Intravenous Therapy; Pediatric Oncology; Chronic Disease; Infectious Disease; Other Applications
Key Companies Mentioned: Aveanna Healthcare LLC; BAYADA Home Health Care Inc.; Tendercare Home Health Services Inc.; BrightStar Group Holdings Inc.; Angels of Care Pediatric Home Health
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aveanna Healthcare LLC
- BAYADA Home Health Care Inc.
- Tendercare Home Health Services Inc.
- BrightStar Group Holdings Inc.
- Angels of Care Pediatric Home Health
- New England Home Care Inc.
- Pediatric Home Healthcare
- Enviva Pediatric Care
- Interim Healthcare Inc.
- eKidzCare
- MGA Homecare LLC
- At Home Healthcare
- Paramed Inc.
- Kindred Healthcare LLC
- LHC Group Inc.
- National HealthCare Corporation
- 3A Composites
- Air Liquide S.A.
- B. Braun Melsungen AG
- BPL Medical Technologies
- Cardinal Health Inc.
- Sunrise Medical LLC
- Maxim Healthcare Services
- Team Select Home Care
- Portea Medical
- EKIDZCARE CORPORATE
- OMRON Corporation
- Amedisys Inc.
- Extendicare Inc.
- Home Instead Senior Care Inc.
Methodology
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