Pediatric Home Healthcare Market (By Service: Rehabilitation Therapy Services, Personal Care Assistance, Skilled Nursing Services) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global pediatric home healthcare market size is expected to reach around US$ 55.9 Bn by 2026 growing at a CAGR of around 8.5% over the forecast period 2019 to 2026.

Home health care is a wide range of health care services that can be given at patient’s home for an injury or illness. Home health care services are usually convenient and just as effective as care patient get in a skilled nursing facility or hospital. The goal of the home health care is to regain independence, maintain current level of function, or to get better. Home health care can include broad range of care given by skilled medical professionals such as physical therapy, skilled nursing care, speech therapy, and occupational therapy. Home health care can also include skilled, non-medical care, such as medical social services or assistance with daily living from a highly qualified home health aide. Children born with medical complexities not only survive, they live their full lives at home rather than in a hospital. With the availability of advanced technologies to provide continuous care and medical assistance at home to these children is expected to fuel market growth. According to the Centers for Medicare and Medicaid Services (CMS), pediatrics is designated as the fastest-growing segment within home health care.   

Market Dynamics

An increasing prevalence of children with special healthcare needs, rising awareness about home healthcare, technological advancement, and growing disposable income are the key factors to drive the market growth. The improvement in medical intervention procedures leads to increase in life expectancy of premature babies. This has further increases the demand for home pediatric care services. Premature infants and babies weighing less than 1 pound usually suffer from chronic conditions and require extra care from an early stage.

Favorable insurance policies responsible for the rising demand for pediatric home healthcare services. According to American Academy of Pediatrics published data, nursing care, personal care assistance, primary care, and hospice care at home for children are covered under Medicaid. Furthermore, majority of expenditure for pediatric care is covered by Medicaid and the remaining is covered by private insurance coverage. To improve the new born health, other developing countries are also providing funding for the pediatric home healthcare services. All these factors are likely to boost the market growth during the forecast period.

By Service Stance

Children need home health care services due to a chronic illness, an injury, or some medical complexity present at the birth. Hence, based on the service need, the market has been segmented into rehabilitation therapy services, personal care assistance, and skilled nursing services. In 2018, the rehabilitation therapy services segment accounted for the maximum share of the market and is expected to maintain its dominance during the forecast period. Large numbers of premature birth with muscular and neurological deficit across the world further need care at home is the key factor for the dominance of the segment. Furthermore, presence of ample number of rehabilitation service providers such as speech therapy, occupational, and physical therapies for the pediatric population is responsible for accounting major share of the market. However, the skilled nursing services segment is anticipated to observe the significant growth during the forecast period. These services are necessary for children with complex medical conditions such as cystic fibrosis, cerebral palsy, epilepsy, and asthma. Skilled nursing services have significantly reduced inpatient cost of children and hence demand of services is continuously growing.

North America dominated the global pediatric home healthcare market in 2018 and is anticipated to observe its dominance during the forecast period. This can be attributed to the presence of awareness among parents, increasing number of complex conditions in infants, and availability of various providers in the U.S. Improvements in neonatal care has been result in a substantial decline in long-term morbidity from various chronic conditions following premature birth. Hence, various organizations are taking initiatives to increase pediatric care at home. However, low reimbursement is anticipated to limit the growth of the market. The Asia pacific is expected to observe the fastest growth during the forecast period. This can be attributed to rising awareness, entry of various market players, and significantly improved survival expectancy of neonatal babies and premature infants due to growing adoption of advanced medical technologies. These premature infants are at higher risk of developing neurological and physical disorders, requiring home pediatric care.

The market research study on “Pediatric Home Healthcare Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global pediatric home healthcare market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global pediatric home healthcare market, its service and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global pediatric home healthcare market size and segment markets by service and geography along with the information on companies operating in the market. The pediatric home healthcare market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market sizes for different segments have been covered under the scope of the report.  

The players profiled in the report include DJK Home Healthcare LLC, Aveanna Healthcare, BAYADA Home Health Care, BrightStar Care, Tendercare Home Health, Angels of Care Pediatric Home Health, Pediatric Home Healthcare., New England Home Care, Inc., EnViva Paediatric Care, eKidzCare, MGA Homecare, Interim HealthCare, Inc., At Home Healthcare, and ParaMed. Collaboration, mergers, partnerships, and geographical as well as service expansion are some of the key strategies being adopted by the market players to accelerate their growth in the recent years.

Market Segmentation

By Service

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

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa