Global pediatric home healthcare market

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 2024-2031

Report ID: SQMIG35F2005 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 67 | Figures: 75

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Pediatric Home Healthcare Market size was valued at USD 286.35 billion in 2019 and is poised to grow from USD 314.8 billion in 2023 to USD 514.5 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

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. '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 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.

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.

Due to rising awareness of pediatric home-based medical services, North America dominated the 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.

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Global pediatric home healthcare market

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