Global Pediatric Home Healthcare Market Insights Forecasts to 2032

• The Global Pediatric Home Healthcare Market Size was valued at USD 42.6 Billion in 2022.
• The Market Size is Growing at a CAGR of 7.25% from 2022 to 2032.
• The Worldwide Pediatric Home Healthcare Market size is expected to reach USD 85.8 Billion by 2032.
• Asia Pacific is expected To Grow the fastest during the forecast period.

The Global Pediatric Home Healthcare Market Size is expected to reach USD 85.8 Billion by 2032, at a CAGR of 7.25% during the forecast period 2022 to 2032.

Market Overview

Pediatric home healthcare is medical treatment provided to babies, children, and adolescents in the comfort of their own homes. It entails a variety of healthcare services and treatments provided by certified healthcare professionals such as nurses, therapists, and aides who specialize in caring for children's patients. The development of modern technology and telemedicine in supporting solutions for newborns, along with an increase in the number of pediatric home healthcare service providers, has increased market demand. Increased healthcare spending for better healthcare facilities, rising disposable income, adoption of smart home healthcare models, and technological advancements in home healthcare services are some of the major factors driving the global adoption of pediatric home healthcare. In addition, the availability of cutting-edge technology to provide continuous care and medical support to Children with Medical Complexities (CMC) at home is projected to drive market expansion.

Report Coverage

This research report categorizes the global pediatric home healthcare market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pediatric home healthcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pediatric home healthcare market. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market.

Driving Factors

The global market is primarily influenced by reasons such as the increasing number of preterm babies born each year and the global incidence of various congenital neurological, cardiac, and respiratory diseases. The progress of technology and growing public awareness of pediatric house care are projected to fuel the pediatric home healthcare market growth over the forecast period. Furthermore, a rise in preterm baby life expectancy due to improved medical procedures has created a need for in-home pediatric care services. Infants born preterm and weighing less than one pound typically have several chronic problems that need immediate attention. Moreover, ventilators, CPAP, gastric tubes, nebulizers, and apnea monitors have allowed infants with complicated disorders to be released from neonatal critical care units and continue medical help with pediatric nursing care at home.

Restraining Factors

The high cost of home healthcare services for pediatric patients may provide a substantial impediment to market expansion in the future years. Pediatric home healthcare necessitates professional nurses, therapists, and aides that specialize in caring for children with complicated medical requirements, which can raise the cost of their services.

Market Segmentation

• In 2022, the rehabilitation therapy services segment is dominating the largest market share over the forecast period.

Based on the services, the global pediatric home healthcare market is segmented into skilled nursing services, personal care assistance, rehabilitation therapy services, and others. Among these segments, the rehabilitation therapy services segment is expected to have significant development potential during the forecast period due to the goal of rehabilitation treatment being to improve functional abilities such as mobility, strength, coordination, and self-care skills. These programs include focused exercises, therapeutic activities, and treatments that assist children in improving their motor abilities and achieving more independence in everyday tasks. Furthermore, rehabilitation therapy in pediatric home healthcare is aimed at avoiding problems and subsequent impairments. Rehabilitation therapy services in pediatric home healthcare take a comprehensive approach, improving functional abilities, developmental growth, and pain management, and contributing to better results and general well-being for young patients.

• In 2022, the cancer segment is influencing the market with the largest market share during the forecast period.

Based on indication, the global pediatric home healthcare market is bifurcated into cancer, respiratory diseases, cardiovascular diseases, hearing disorders, & others. Among these segments, the cancer segment is dominating the market with the largest revenue share during the forecast period owing to the numerous clinical benefits provided by the pediatric home healthcare approach in cancer diagnosis. According to the National Cancer Institute, about 15,590 children will be diagnosed with cancer in the United States in 2021. The rising prevalence of such diseases is projected to boost market growth. Children with cancer frequently have weakened immune systems as a result of chemotherapy or other therapies. Home healthcare reduces the exposure of the kid to diseases and germs that may be present in healthcare facilities.

Regional Segment Analysis of the Pediatric Home Healthcare Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America influenced the market with the largest market share over the forecast period

North America is influencing significant market growth over the forecast period due to a variety of factors, including the existence of important service providers, the rising frequency of chronic illnesses, and increased knowledge of the therapeutic advantages provided by pediatric home healthcare, among others. Asthma, diabetes, cerebral palsy, and other complicated medical demands necessitate continual medical care and treatment. Pediatric home healthcare provides specialized treatment and assistance to children suffering from various diseases, therefore improving their quality of life and overall health outcomes. Furthermore, a favorable regulatory environment and expanded insurance coverage have enhanced access to home healthcare services, fueling demand for pediatric home healthcare.

Asia Pacific is expected to experience high revenue market growth during the forecast period owing to the advancements in medical technology in developing nations, the life expectancy of preterm newborns and neonatal babies has increased dramatically; yet, these babies are at a higher risk of developing physical and neurological abnormalities, necessitating in-home pediatric care. As a result, BAYADA Home Health Care has established several pediatric services in India, South Korea, and New Zealand.

Competitive Analysis

The report offers the appropriate analysis of the key organizations/companies involved within the global Pediatric Home Healthcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Aveanna Healthcare, Inc.
• DJK Home Healthcare LLC
• BAYADA Home Health Care
• Tendercare Home Health
• BrightStar Care
• Angels of Care Pediatric Home Health
• New England Home Care, Inc.
• Pediatric Home Healthcare
• Enviva Paediatric Care
• Interim Healthcare Inc.
• eKidzCare
• MGA Homecare
• At Home Healthcare
• ParaMed

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In April 2022, In Ireland, Gilead established a pediatric medication development unit. The new Irish pediatric center will perform pediatric clinical studies for seven pharmaceuticals in 18 countries.

• In December 2021, Aveanna Healthcare Holdings, Inc. announced the successful completion of its acquisition of Accredited Home Care ("Accredited") for a basic purchase price of $180 million, plus up to $45 million contingent on meeting specified volume objectives in 2021. Accredited is one of the leading home care companies in the Western United States, serving more than 9,000 patients each year with a staff of 6,250 field nurses and caregivers.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Pediatric Home Healthcare Market based on the below-mentioned segments:

Global Pediatric Home Healthcare Market, By Service

• Skilled Nursing Services
• Personal Care Assistance
• Rehabilitation Therapy Services
• Others

Global Pediatric Home Healthcare Market, By Indication

• Cancer
• Respiratory Diseases
• Cardiovascular Diseases
• Hearing Disorders
• Others

Pediatric Home Healthcare Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa