Pediatric Home Healthcare Market Size Is Expected To Reach USD 65.1 Billion By 2030

Posted by Neha Bora on May 3rd, 2024

San Francisco, 3 May 2024: The Report Pediatric Home Healthcare Market Size, Share & Trends Analysis Report By Service (Skilled Nursing Services, Rehabilitation Therapy Services), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 - 2030

The global pediatric home healthcare market size is expected to reach USD 65.1 billion by 2030, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 7.86% over the forecast period. The market is expected to witness significant growth in the coming years due to the increasing demand for in-home care among Children with Medical Complexities (CMC) and their families. Home healthcare can offer many benefits for CMC, such as improved quality of life, reduced healthcare costs, enhanced family satisfaction, and better clinical outcomes. In addition, the COVID-19 pandemic has led to a rise in the need for pediatric home healthcare services, especially for children with multiple chronic conditions.

Due to restrictions on in-person visits to physicians, home care agencies implemented virtual visits to continue providing care to patients. For instance, in 2020, St. Mary's Home Care, a New York-based home care agency, introduced a virtual service platform for conducting virtual home visits.However, there are some challenges and barriers for the market, such as a lack of adequate workforce, training, coordination, communication, quality assurance, and regulation. Therefore, there is a need for more research and innovation to address these issues and improve the delivery and quality of the pediatric home healthcare market for CMC.

Access Research Report of Pediatric Home Healthcare Market https://www.grandviewresearch.com/industry-analysis/pediatric-home-healthcare-market

Pediatric Home Healthcare Market Report Highlights

  • The service segment iscategorized into rehabilitation therapy services, skilled nursing services, and personal care assistance
  • Rehabilitation therapy services held the largest revenue share in 2022owing to the high probability of premature infants experiencing neurological and muscular challenges
  • North America held the largest revenue share in 2022. The presence of favorable reimbursement policies in the U.S., particularly with Medicaid, is a significant factor driving the increasing demand for pediatric home healthcare services
  • With the growing demand for pediatric home healthcare along with the support of key players & strategic partnerships undertaken by them, the market is poised to experience substantial growth, providing improved healthcare options for children in need
  • For instance, in January 2022, Entrusted Pediatric Home Care completed the acquisition of Advance Medical Pediatric Home Health (AMP), a private-duty nursing company based in McKinney, Texas. This acquisition helped strengthen the company's position in both national and international markets

Pediatric Home Healthcare Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 38.3 billion

Revenue forecast in 2030

USD 65.1 billion

Growth rate

CAGR of 7.86% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

List of Key Players in the Pediatric Home Healthcare Market

  • Pediatric Home Healthcare, LLC
  • Aveanna Healthcare, LLC
  • BAYADA Home Health Care
  • Tendercare Home Health
  • BrightStar Care
  • Angels of Care Pediatric Home Health
  • New England Home Health Services
  • EnViva Paediatric Care
  • Interim HealthCare Inc.
  • eKidzCare

Access Press Release of Pediatric Home Healthcare Market @ https://www.grandviewresearch.com/press-release/global-pediatric-home-healthcare-market

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Neha Bora

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Neha Bora
Joined: September 16th, 2019
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