The global pediatric home healthcare market size was valued at US$ 39.69 billion in 2023 and is estimated to reach US$ 71.15 billion by 2032, growing at a CAGR of 6.7% from 2024 to 2032.
Pediatric home healthcare is delineated as the provision of services by a combination of professionals and paraprofessionals within the confines of a patient's home. This encompasses a range of services, including nursing visits, extended private-duty nursing, physical, occupational, or speech therapy, and the provision of durable medical equipment and services. The objective of pediatric home healthcare is to deliver comprehensive, cost-effective care aimed at enhancing a child's health at home, thereby minimizing hospitalizations and medical complications, alleviating the burden on caregivers, and reducing healthcare costs.
Factors Influencing Market Growth
- The market growth is being driven by an increase in the number of children who require special care, increased awareness of residential healthcare, technological developments, and rising disposable income.
- Moreover, the surge in the number of government initiatives and policies aimed at improving pediatric healthcare access and outcomes has also contributed to the growth of the pediatric home healthcare market.
- However, the high cost of home healthcare services for pediatric patients can be a significant barrier to market growth in the coming years.
COVID-19 Impact
The market saw a small positive effect from the COVID-19 pandemic. The pandemic led to a rise in self-administration of antimicrobials, vitamins, and immune boosters, resulting in increased demand for penicillin and other antibiotics during the pandemic and contributing to market expansion. However, global pharmaceutical supply chains faced disruptions due to lockdowns, travel restrictions, and heightened demand, impacting the availability of raw materials and finished products, including penicillin. Nonetheless, the market is expected to stabilize in the upcoming years as there has been a significant increase in investments to meet the growing demand for penicillin in the market.
Regional Analysis
In 2022, North America held a significant portion of the pediatric home healthcare market and is projected to continue leading in the future. Aveanna Healthcare, LLC, Bayada Home Healthcare, Tendercare Home Health, and Angels of Care Pediatric Home Health are key players contributing to market growth in this region due to an increasing number of pediatric patients with chronic diseases and cancer. Moreover, the increasing knowledge regarding pediatric home healthcare services and the presence of advanced healthcare systems & modern medical technologies are predicted to drive the market's growth in this area.
Leading Companies
- Children's Home Healthcare
- Paramed Home Health Care
- Tendercare Home Health Services, Inc.
- MGA Homecare
- EKIDZCARE Corporate BAYADA Home Health Care, Inc.
- Angels of Care Pediatric Home Health
- Aveanna Healthcare, LLC,
- New England Home Health Services
- Interim HealthCare
- Others
Segmentation Outline
The global pediatric home healthcare market is segmented based on service, application, and region.
Segmentation based on Service
- Skilled Nursing Services
- Personal Care Assistance
- Rehabilitation Therapy Services
Segmentation Based on Route of Application
- Cancer
- Respiratory disease
- Cardiovascular disease
- Physical disabilities
- Others
Segmentation based on region
- North America?
o The U.S.
o Canada
- Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
- LAMEA?
o Latin America
o Middle East
o Africa