Overview and Scope
Pediatric home healthcare is the provision of medical and non-medical services to children in their homes. It entails caring for and supporting children with complicated medical needs, chronic illnesses, or impairments.
Sizing and Forecast
The pediatric home healthcare market size 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 in the historic period can be attributed to demand for efficient talent acquisition, globalization of workforce, high volume of job applications, candidate experience enhancement, compliance and regulations, diversity and inclusion initiatives..
The pediatric home healthcare market size 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%. The growth in the forecast period can be attributed to focus on employee retention, remote onboarding solutions, video interviewing solutions, adoption of mobile recruiting, expansion of gig economy, cybersecurity concerns.. Major trends in the forecast period include ai and automation integration, predictive analytics for talent acquisition, collaborative hiring platforms, blockchain for recruitment, talent relationship management (trm)..
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Segmentation & Regional Insights
The pediatric home healthcare market covered in this report is segmented –
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
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
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Major Driver Impacting Market Growth
The increasing prevalence of chronic conditions is expected to propel the growth of the pediatric home healthcare market. Chronic diseases are long-term health issues that need constant medical care and control. The most common types of chronic diseases are heart disease, cancer, stroke, diabetes, and arthritis. Pediatric home healthcare helps in chronic conditions, if a child is recovering from medical treatment or has a chronic condition, provide treatments in the comfort of home. These services allow children to receive care from licensed professionals in their environment, often keeping them out of prolonged hospital stays. For instance, according to the NCBI Report 2022 published by the National Library of Medicine, a US-based provider of library services in the areas of a clinical trial, medical, health, and biomedical library, the number with at least one chronic disease is estimated to increase by 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the increasing prevalence of chronic conditions is driving the growth of the pediatric home healthcare market.
Key Industry Players
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.
The pediatric home healthcare market report table of contents includes:
1. Executive Summary
- Pediatric Home Healthcare Market Characteristics
- Pediatric Home Healthcare Market Trends And Strategies
- Pediatric Home Healthcare Market – Macro Economic Scenario
- Global Pediatric Home Healthcare Market Size and Growth
.
- Global Pediatric Home Healthcare Market Competitive Benchmarking
- Global Pediatric Home Healthcare Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pediatric Home Healthcare Market
- Pediatric Home Healthcare Market Future Outlook and Potential Analysis
- Appendix
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