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.
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 Stakeholders
- This 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 Segments
By Services
- Skilled Nursing Services
- Personal Care Assistance
- Rehabilitation Therapy Services
By Application
- Cancer
- Respiratory disease
- Cardiovascular disease
- Physical disabilities
- Others
By Region
- North 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.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PEDIATRIC HOME HEALTHCARE MARKET, BY SERVICES
CHAPTER 5: PEDIATRIC HOME HEALTHCARE MARKET, BY APPLICATION
CHAPTER 6: PEDIATRIC HOME HEALTHCARE MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Pediatric Home Healthcare Market,' The pediatric home healthcare market was valued at $37.2 billion in 2022 and is estimated to reach $71.2 billion by 2032, growing at a CAGR of 6.7% from 2023 to 2032.Pediatric home healthcare refers to medical care provided to infants, children, and adolescents in the comfort of their own homes. It involves a range of health services and treatments delivered by qualified healthcare professionals, such as nurses, therapists, and aids who specialize in caring for pediatric patients.
Key factors driving the growth of the pediatric home healthcare market include rise in prevalence of cancer and chronic disease in children, surge in the number of premature babies and improved life-expectancy of premature infants and rise in number of home healthcare service providers.
Children could also develop chronic illnesses. The causes of chronic illnesses could be genetic, environmental or both. Common chronic diseases of children include asthma, cystic fibrosis, diabetes, epilepsy, and developmental disabilities, including ADHD, cerebral palsy, and autism spectrum disorders. The rise in prevalence of chronic conditions such as cerebral palsy, congenital heart diseases, cystic fibrosis, muscular dystrophy, epilepsy, and cancer in pediatric population worldwide has increased the demand for pediatric home healthcare services that drives the growth of the pediatric home healthcare market. For instance, according to an article published in USA Today in February 2022, over 1 in 2 kids today has a chronic illness. By 2025, it will be 8 in 10. Moreover, the National Survey of Children's Health, the Centers for Disease Control and Prevention says more than 40% of school-aged children and adolescents have at least one chronic illness.
In addition, infants born prematurely and weighing less than 1 pound usually suffer from several chronic conditions, requiring extra care from an early stage, an increase in the life expectancy of premature babies due to improved medical interventions has created the demand for in-home pediatric care services that propel the growth of the market.
Moreover, the rise in the number of preterm babies across the world and the improved life expectancy of premature infants is anticipated to contribute toward the growth of the market. Premature infants have complex medical needs and may require ongoing medical care and monitoring even after being discharged from the hospitals or healthcare facilities. Pediatric home healthcare provides specialized care for these infants, including skilled nursing, respiratory support, feeding assistance, and developmental therapies which are also known as rehabilitation therapies. Thus, the growing frequency of preterm births throughout the world propels the growth of the market. For instance, according to the report published by UNICEF in November 2021, preterm birth is the leading cause of death in children under the age of five. Each year, about 15 million babies worldwide are born prematurely, that is about 1 in 10 children. In Vietnam, it is estimated that 17,000 children die within their first 28 days of birth and 103,500 babies are born preterm annually.
In addition, surge in technological advancement in assistive devices and equipment such as ventilators, continuous positive airway pressure (CPAP), gastric tubes, nebulizers, and apnea monitors have allowed infants with complex diseases to be discharged from neonatal intensive care units and continue medical assistance with pediatric nursing care at home. This is one of the major factors that contribute to the growth of the market.
The market also offers growth opportunities to the key players in the market. The rise in awareness regarding pediatric home healthcare services globally is of great significance for the growth of the market. There are various ways and channels that may be used to spread awareness about home healthcare services. This involves publishing articles related to benefits offered by these services, performing campaigns related to its advantages and management, and many more strategies may be adopted for the spread of awareness. For instance, Centers for Medicare & Medicaid Services (CMS) estimates that at least 20% of infants and children are eligible for Medicaid-funded home health care services that they currently do not receive.
In addition, there is an increase in focus on patient-centered care, surge in the number of government initiatives and policies that promote home healthcare services, particularly for pediatric patients, and rise in investment by families (about $3,200/year in income caring for a sick child) for pediatric home health care services. This accelerating change offers an opportunity for the key market players to invest in the pediatric home health care market that boosts the growth of the market. All these factors collectively are expected to open new avenues for the growth of the pediatric home healthcare market across the world during the forecast period.
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 disability, 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 report provides competitive analysis and profiles of the major players in the pediatric home healthcare market, such as 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.
Key Market Insights
- By services, the rehabilitation therapy services segment is expected to experience rapid growth in the market and is estimated to reach $34,815.62 million by 2032, with a CAGR of 7.4%. However, the skilled nursing service segment is estimated to be growing with a significant CAGR of 6.4% during the forecast period.
- By application, the physical disabilities segment dominated the global market. However, the respiratory disease segment is expected to grow with a significant CAGR of 7.2% during the forecast period.
- Based on region, North America garnered the largest revenue share in 2022, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 7.9% during the forecast period.
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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