USD 286.35 billion
Pediatric Home Healthcare Market Size, Share, Growth Analysis, By Service Insight(Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services), By Application(Premature Babies, Cardiovascular Disease, Complex Intravenous Therapy, Pediatric Oncology), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35F2005 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
67
|Figures:
75
Pediatric Home Healthcare Market Insights
Pediatric Home Healthcare Market size was valued at USD 314.8 Billion in 2023 and is poised to grow from USD 339.67 Billion in 2024 to USD 555.15 Billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
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 $3,200.
Infants with complicated cardiac, neurological, and respiratory issues have had fewer hospital visits because of life-sustaining pediatric home healthcare services provided in a cost setting. One in five children between the ages of 5 and 19 need special medical care, According to the National Survey of Children with Special Healthcare Needs. Children with Special Healthcare Needs (CSHCN) are more common, but having access to pediatric home healthcare services enhances their quality of life and significantly lowers their medical costs.
Additionally, the need for in-home pediatric care services has grown as a result of improved medical procedures that have extended the life expectancy of preterm babies. Premature babies that weigh less than 1 pound typically have a number of chronic illnesses and need particular care from an early age.
Additionally, with the aid of pediatric nursing care at home, infants with complex disorders can now be discharged from neonatal critical care units. These technologies and tools include ventilators, CPAP machines, gastric tubes, nebulizers, and apnea monitors.
US Pediatric Home Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Rehabilitation Therapy Services
Fastest Growth
Skilled Nursing Services
Growth Rate
7.9% CAGR
Global Pediatric Home Healthcare Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Pediatric Home Healthcare Market Segmental Analysis
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.
Global Pediatric Home Healthcare Market By Service Insight , 2021(%)
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Pediatric Home Healthcare Market Regional Insights
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.
Global Pediatric Home Healthcare Market By Geography, 2021 - 2028
- Largest
- Fastest
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Pediatric Home Healthcare Market Dynamics
Pediatric Home Healthcare Market Driver
- Pediatric home health care essentially consists of medical facilities that offer children medical services to enhance their health and support their entire development. For support, family members are also present in the medical facility.
- The key factors influencing the expansion of the pediatric home healthcare market are favorable insurance policies and an improvement in premature newborns' life expectancy as a result of better medical interventions. The incidence of chronic disorders in children worldwide, including muscular dystrophy, epilepsy, congenital heart diseases, cystic fibrosis, cerebral palsy, and cancer, is also contributing to the market's overall expansion. The market's expansion is predicted to be hindered by the high cost of pediatric home healthcare, nevertheless.
- The market is anticipated to benefit from the use of cutting-edge technologies in developing nations' healthcare systems. The training of pediatric home healthcare nurses to deliver high-quality care for kids with specific healthcare requirements, on the other hand, is a difficulty for the market's expansion.
Pediatric Home Healthcare Market Restraint
- The survey found that the average daily cost for skilled nursing services in private homes was $290, while the average daily cost in semi-private facilities was $255. Getting their nursing staff properly trained to deliver high-quality care for children with special needs is a challenge for pediatric home care providers.
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Pediatric Home Healthcare Market Competitive Landscape
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
- Aveanna Healthcare
- Bayada Home Health Care
- BrightStar Care
- Interim HealthCare
- Maxim Healthcare Services
- Pediatric Home Service
- Pediatria Healthcare for Kids
- Advanced Home Care
- Angels of Care Pediatric Home Health
- Epic Health Services
- HealthBridge Children's Hospital Home Care
- Intellichoice Home Care
- MedCare Pediatric Group
- Continuum Pediatric Nursing Services
- Pediatric Home Healthcare, LLC
- PSA Healthcare
- Tender Nursing Care
- VNA Health Group
- All Metro Health Care
- KidsCare Home Health
Pediatric Home Healthcare Market Recent Development
- In March 2021, LHC Group Inc. and Orlando Health announced they are expanding their joint venture into St. Petersburg, Florida, by realigning Bayfront Home Health Services into the partnership’s portfolio. LHC Group already owned Bayfront Home Health Services, but now the home health provider will be controlled through the joint venture.
- In January 2021, Encompass Home Health & Hospice home health and hospice segment is collaborating with approximately 140 alternative payment models, including Next Generation Accountable Care Organizations (ACOK MSSP, ACOS, and Direct Contracting Models, offering lucrative growth opportunities
- In December 2020, St. Mary's Home Care – a home care agency in New York launched a virtual service platform for patient engagement.
Pediatric Home Healthcare Key Market Trends
- Due to the ongoing COVID-19 pandemic, there will likely be an increase in the need for home care services in the near future. These services are both affordable and safe substitutes for healthcare services external alternatives, such as hospitals. The threat posed by informal care and other healthcare facilities is limited, mostly because to their high prices. Hence, the market's threat from replacement products throughout the forecast period, is anticipated to be moderate.
Pediatric Home Healthcare Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 286.35 billion |
| Market size value in 2031 | USD 514.5 billion |
| Growth Rate | 7.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pediatric Home Healthcare Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pediatric Home Healthcare Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 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 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.
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