Global Pediatric Home Healthcare Market by Service (Rehabilitation Therapy Services, Personal Care Assistance, Skilled Nursing Services) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global pediatric home healthcare market was valued at USD 37.0 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 7.8%) between 2021 and 2028. Market growth will be driven by the availability of advanced technologies that allow for continuous care and medical assistance at-home to Children with Medical Complexities (CMC).

Infants with complex neurological, cardiac and respiratory conditions will be able to receive life-sustaining pediatric home care services in a safe environment. The National Survey of Children with Special Healthcare Needs found that one fifth of children between the ages of 5 and 19 required special medical attention in 2016. Children with Special Healthcare Needs (CSHCN), which is on the rise, can be improved by pediatric home healthcare services. This will improve their quality of life and drastically reduce their medical expenses.

In-home pediatric care is becoming more popular due to an increase in life expectancy for premature babies. Premature infants and those weighing less than one pound often have multiple chronic conditions that require extra attention from an early age. Assistive devices and equipment, such as ventilators and CPAP, gastric tubes and nebulizers, and apnea monitoring, have made it possible for infants with complex conditions to be discharged from neonatal intensive Care units. They can also continue their medical care at home with pediatric nursing.

Key players have the opportunity to invest in this market due to rising incidence of chronic conditions like cerebral palsy and congenital heart disease, muscular dystrophy (epilepsy), cystic fibrosis, muscle dystrophy, epilepsy, as well as cancer in children's pollution. The 2009-10 NS–CSHCN found that approximately 5.6 million American children required at least five hours of in-home care. The economic burden for every family is USD 3,200 due to the 1.5 billion hours parents spend caring for their children each year.

The rising demand for pediatric healthcare services is supported by favorable insurance policies. The American Academy of Pediatrics states that Medicaid covers home healthcare services for children, including primary care, personal assistance, nursing, and hospice care. Medicaid covers the majority of pediatric expenses, while private insurance covers the rest. DJK HOME HEALTHCARE LLC, a Texas-based agency, offers a variety of programs that are not covered by Medicaid, including STAR Kids, STAR Health and Respite Care Assistance and Support Services (CLASS) and CSHCN.

The COVID-19 pandemic also had mixed effects on the market of pediatric home healthcare. Both have different effects because the market for pediatric home healthcare services includes both products and services. The COVID-19 pandemic had a positive effect on pediatric home healthcare services. A healthcare facility provides the best option to treat the needs of children at home. However, home healthcare helps reduce the risk of the COVID-19 epidemic by limiting its spread.

Service Insights

In 2020, the segment of rehabilitation therapy services dominated the market for pediatric healthcare. It held a revenue share of close to 60%. This segment is expected to grow significantly over the forecast period. Premature infants with neurological and muscular deficiencies are expected to increase demand for rehabilitation therapy services over the forecast period. Many service providers offer a variety of rehabilitation services, including speech, occupational, or physical therapies for children with autism, ADD/ADHD and cerebral palsy.

Due to an increase in children with complex medical conditions like cerebral palsy and cystic fibrosis as well as asthma, the skilled nursing services market is growing. Skilled nursing has significantly decreased the cost of inpatient care for children with complex medical conditions. A May 2018 study found that skilled nursing services cost USD 450 per person per day while inpatient care costs USD 3,000 per person per day. The challenges faced by pediatric home care providers in preparing their nurses to provide high-quality care for children with special needs are major. To overcome these challenges, key players have taken strategic steps to improve their capabilities. In July 2017, BAYADA Home Health Care purchased Premier Staffing Solutions. This acquisition was made to improve the company's home care services.

Regional Insights

North America was the dominant market for pediatric home healthcare. In 2020, the revenue share of nearly 35.0% was held by North America due to increased awareness about pediatric home-based medical service. An American survey of children with complex medical needs found that nearly 500,000 children and teens need various therapeutic and medical services at home. Pediatric home-based services can be more cost-effective than hospital stays and provide better patient care. This is why many providers in the U.S. offer a variety of services to meet growing demand.

The market for pediatric home care is expected to grow in Asia Pacific during the forecast period. The survival rate of premature babies and newborn babies in developing countries has increased significantly due to medical advances. However, these babies are more likely to develop physical and neurological conditions that require in-home pediatric care. BAYADA Home Health Care opened several pediatric services in India and South Korea as well as New Zealand.

Market Share Insights & Key Companies

To drive the pediatric home healthcare market, major players are taking various strategic initiatives, including mergers and acquisitions, collaborations, geographical and service expansion, as well as collaborations. In March 2017, two of the most prominent companies in pediatric care joined forces to create Aveanna Healthcare LLC.

InTandem Capital Partners, LLC, which is a private equity firm for the healthcare sector, entered into a partnership with Pediatric Home Service, a Pittsburgh-based business. This partnership will help Pediatric Home Service to grow and strengthen its position in both the local and global markets. The following are some of the most prominent players in pediatric home healthcare:

• 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 Services

• Interim Healthcare Inc.

• eKidzCare

• MGA Homecare

• At Home Healthcare

• ParaMed

Up Market Research published a new report titled “Pediatric Home Healthcare Market research report which is segmented by Service (Rehabilitation Therapy Services, Personal Care Assistance, Skilled Nursing Services), By Players/Companies DJK Home Healthcare LLC, eKidzCare, Angels of Care Pediatric Home Health, New England Home Care Inc, MGA Homecare, Aveanna Healthcare Inc, Pediatric Home Healthcare, BAYADA Home Health Care, At Home Healthcare, ParaMed, Tendercare Home Health, BrightStar Care, Enviva Paediatric Care, Interim Healthcare Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Pediatric Home Healthcare Market Report Segments:

The market is segmented by Service (Rehabilitation Therapy Services, Personal Care Assistance, Skilled Nursing Services).

Pediatric Home Healthcare Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Pediatric Home Healthcare Market

Overview of the regional outlook of the Pediatric Home Healthcare Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Pediatric Home Healthcare Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Pediatric Home Healthcare Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rehabilitation Therapy Services

                2. Personal Care Assistance

                3. Skilled Nursing Services

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Pediatric Home Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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• Product & Brand Management
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Reasons to Purchase the Pediatric Home Healthcare Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.