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

Global 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).

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.