Global Pediatric Home Healthcare Services Market Size By Services (Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services), By Competitive Landscape, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Pediatric Home Healthcare Services Market Size And Forecast

Pediatric Home Healthcare Services Market size was valued at USD 39.24 Million in 2022 and is projected to reach USD 75.09 Million by 2030, growing at a CAGR of 7.3% from 2023 to 2030.

So, what's fueling the demand for pediatric home healthcare? Well, more kids than ever have specialized medical needs, and we're also seeing a greater understanding of the benefits of receiving care at home. Plus, advances in technology and families having more money to spend are definitely playing a role. Good news! Babies born prematurely are living longer thanks to better medical treatments. But this also means a bigger need for specialized home healthcare services for kids. Sadly, premature babies and those born extremely underweight often face chronic health issues, requiring dedicated care right from the start. Want the full picture? Our Global Pediatric Home Healthcare Services Market report takes a deep dive, covering all the important stuffkey areas, what's trending, what's driving growth, what's holding it back, who the major players are, and all the other elements that really matter in this market.

Global Pediatric Home Healthcare Services Market Definition

Pediatric In the event of an injury or illness, home health care refers to many medical treatments that can be offered in a patient’s house. In many cases, home health care is more convenient and effective than therapy in a skilled nursing facility or hospital. Home health care is designed to assist people in regaining their independence, maintaining their current level of function, or improving their health. Physical therapy, skilled nursing care, speech therapy, and occupational therapy are all examples of medical professionals providing home health care.

In-home health care can cover more than just medical stuff; think medical social services or maybe a helping hand with daily tasks from a skilled home health aide. It's pretty amazing that kids with health challenges can now thrive and grow up at home, not just in a hospital setting. And with all the cool new tech out there, giving these kids round-the-clock care and support at home, we’re likely to see this area grow even faster. The Centers for Medicare and Medicaid Services (CMS) even say that pediatric home health care is the fastest-growing part of the whole field! Companies like PHS also offer things like pulmonary check-ups, environmental assessments, and respiratory support programs as part of their respiratory care.

PHS is a provider of durable medical equipment (DME) and supplies. The National Board of Respiratory Care certifies PHS respiratory therapists. To suit the requirements of children, infusion therapy integrates pediatric care, infusion therapy, and homecare. PHS provides infusion therapy, pharmacy services, and nutrition counselling. Home visits are made by infusion nurses, who educate family caregivers on home infusion treatments and drug administration. PHS offers pharmaceutical and supply services, as well as therapy adjustment advice, clinical monitoring, specialty pharmacy services, and on-site sterile item compounding. PHS provides home care nursing services for medically challenged children.

Global Pediatric Home Healthcare Services Market Overview

The market is being driven by an increase in the number of children with special healthcare requirements, higher awareness of home healthcare, technological advancements, and rising disposable income. Premature neonates’ life expectancy is increasing as medical intervention techniques improve, increasing the demand for Pediatric Home Healthcare Services Market. Premature deliveries and babies weighing less than one pound are more likely to suffer chronic illnesses and require extra care right away. Infants with complex cardiac, neurological, and respiratory diseases who receive life-sustaining pediatric home healthcare in a relaxing environment spend less time in the hospital.

Did you know that back in 2016, about 1 in 5 kids between 5 and 19 needed some kind of special medical attention? That's according to the National Survey of Children with Special Healthcare Needs. And while we're seeing more kids with these special healthcare needs (sometimes called CSHCN), the Pediatric Home Healthcare Services Market is really making a difference. It helps these kids live better lives and can even cut down on their medical bills – pretty amazing! Plus, thanks to better medical treatments, even premature babies are living longer, which means there's an even bigger need for Pediatric Home Healthcare. Sadly, babies born too early, especially those weighing less than a pound, often face a bunch of long-term health issues and need extra care right from the start. The good news is that technology like ventilators, CPAP machines, gastric tubes, nebulizers, and apnea monitors are helping these little ones with complicated conditions leave the hospital's critical care units and get the medical attention they need at home, thanks to dedicated pediatric nurses.

These days, cool new tech has really changed how doctors and patients talk to each other, making healthcare better, faster, and more helpful. Think about remote patient monitoring – it's all about smoothly linking medical devices and ICT to bring healthcare to people, no matter how far away they are. Doctors can now easily share patient data with each other, leading to more efficient treatment. Plus, patients can now get to their own medical info and keep tabs on any health concerns, alongside their healthcare team. By keeping an eye on things like heart rate, blood pressure, and blood sugar, patients can easily let their doctors know how they're doing. Even in-home care is changing – the connection between nurses and doctors is less about seeing each other face-to-face, with nurses taking the lead in assessments and sharing what they find. It's a whole new world!

This variable has an impact on patient safety and results. Another feature of home healthcare is that professionals provide medical treatment to each patient in their location. There may be unforeseen circumstances that pose dangers to patients that are difficult to eliminate. Hospital environment protection departments are well-equipped to deal with such circumstances. Patients are increasingly preferring home-based treatments as hospital expenses rise. Patients’ in-home care settings use nebulizers, ventilation systems, and continuous positive airway support equipment to treat, diagnose, and monitor various respiratory disorders. These technologies, in combination with home care services, offer affordable healthcare.

Global Pediatric Home Healthcare Services Market Segmentation Analysis

The Global Pediatric Home Healthcare Services Market is segmented on the basis of Services And Geography.

Pediatric Home Healthcare Services Market, By Services

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

Based on Services, The market is bifurcated into Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services. Pediatric Home Healthcare Services is dominated by Rehabilitation Therapy Services. Premature babies are more likely to have neurological and musculoskeletal problems, which will increase the demand for rehabilitation services.

The majority of service providers offer various rehabilitation therapies such as physical, occupational, and speech therapies to children with autism, ADD/ADHD, cerebral palsy, or muscular atrophy, which is increasing demand in this segment. Skilled nursing care accounted for the majority of the market for home healthcare services. In contrast to a hospital, nursing home, or assisted living community, skilled medical treatment in the home can be a soothing alternative. Favorable insurance coverage for skilled nursing care is expected to promote market growth.

Pediatric Home Healthcare Services Market, By Geography

• North America• Europe• Asia Pacific• Middle East & Africa• Latin America

On the basis of Regional Analysis, The Global Pediatric Home Healthcare Services Market is classified into North America, Europe, Asia Pacific, the Middle East & Africa Latin America the Rest of the world. Because of the increased awareness of Pediatric Home Healthcare Services, North America is the leading segment. According to a survey of children with complex medical conditions in the United States, around 500,000 babies and adolescents with special medical needs require medical and therapy treatment at home.

Pediatric home-based therapies are less expensive and improve patient care efficiency, but longer hospital stays can drastically increase medical expenditures. The rising prevalence of chronic illnesses, high healthcare investment, high disposable income, the growing general ageing population, increasing disposable income, and better healthcare infrastructure are all factors contributing to North America’s considerable share of the worldwide market.

Key Players

The “Global Pediatric Home Healthcare Services Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Interim Healthcare Inc, MGA Homecare, At Home Healthcare, Aveanna Healthcare, Inc, eKidzCare, DJK Home Healthcare LLC, BrightStar Care, BAYADA Home Health Care, ParaMed, Tendercare Home Health. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• The AVIVA STORM RX, a next-generation rear-wheel drive power wheelchair and next-generation Alber e-motion power assist device, was announced by Invacare in 2021.

• Abbott’s BinaxNOW COVID-19 quick self-test kit, which will be available in 2021, does not require a specialist device and can be used at home with a first-of-its-kind companion app called NAVICA.

• BAYADA Home Health Care announced in 2021 that it would work with VCU Health System to improve in-home health and hospice care in the Richmond metropolitan area of the United States.

• Lincare, a Linde company, will begin offering home respiratory care in the United States in 2020. In response to the COVID-19 pandemic, the company provides COVID-19 vulnerable patients with in-home services. It also helps hospitals relieve pressure by shifting respiratory patients and others from in-patient to out-patient care.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2019-2030

Base Year

2022

Forecast Period

2023-2030

Historical Period

2019-2021

UNIT

Value (USD Million)

Key Companies Profiled

Interim Healthcare Inc, MGA Homecare, At Home Healthcare, Aveanna Healthcare, Inc, eKidzCare, DJK Home Healthcare LLC, BrightStar Care, BAYADA Home Health Care.

Segments Covered

• By Services
• By Geography

Customization Scope

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