Global Pediatric Home Healthcare Market (2021 to 2028) – Home Healthcare as a Cost-Effective Alternative is Driving Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Pediatric Home Healthcare Market Size, Share & Trends Analysis Report by Service (Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services), by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global pediatric home healthcare market size is expected to reach USD 68.6 billion by 2028. The market is expected to expand at a CAGR of 7.8% from 2021 to 2028. The growing population of Children with Medical Complexities (CMC) requiring in-home care is expected to drive the market during the forecast period.
According to a study conducted in October 2016, around 1.0% of the pediatric population constitutes CMC in the U.S. This population accounts for almost 30.0% of the pediatric healthcare cost. In-home pediatric services significantly reduce medical expenditure by shortening hospital stays for children requiring complex medical assistance.
The pediatric care service is a thriving sector in the home healthcare industry and offers immense potential for players to expand their services. One of the major players in the market, BAYADA Home Health Care, mentioned pediatric nursing services as its largest revenue-generating specialty, accounting for about one-third of its revenue.
Furthermore, the spread of the COVID-19 pandemic is significantly increasing the demand for home healthcare services to children with multiple chronic conditions. However, as physician visits were restricted during the pandemic, home care agency’s introduced virtual visits for patient care. For instance, in December 2020, St. Mary’s Home Care – a home care agency in New York launched a virtual service platform for patient engagement.
Companies Mentioned
- AVEANNA HEALTHCARE, LLC
- DJK HOME HEALTHCARE LLC
- BAYADA HOME HEALTH CARE
- TENDERCARE HOME HEALTH SERVICES, INC.
- BRIGHTSTAR CARE
- ANGELS OF CARE PEDIATRIC HOME HEALTH
- NEW ENGLAND HOME HEALTH CARE
- PEDIATRIC HOME HEALTHCARE
- ENVIVA PEDIATRIC CARE
- INTERIM HEALTHCARE INC
- EKIDZCARE
- MGA HOMECARE
- AT HOME HEALTHCARE
- PARAMED
Pediatric Home Healthcare Market Report Highlights
- Premature infants may suffer from numerous disorders that require rehabilitation therapy to improve motor functions
- High probability of premature infants living with neurological and muscular deficits is expected to boost demand for rehabilitation therapy services during the forecast period
- Children with physical and neurological development deficits require care in a comfortable and convenient environment
- Personal care services offered by in-home care providers are a relief for working parents of such kids. The personal care assistance segment is expected to grow due to an increase in demand for long-term healthcare services for infants with complex cardiac, neurological, and respiratory disorders
- North America held the largest revenue share in 2020. Favorable reimbursement policies in the U.S., wherein the majority of pediatric care services are covered under Medicaid is positively driving the market
- Major players in the market have undertaken numerous initiatives to enhance pediatric services offered for in-home care. For instance, in September 2017, doForms-a workflow automation software provider-collaborated with BAYADA Home Health Care to launch BAYADA Pediatrics Care Connect-an electronic documentation system that keeps a record of clinical information
Key Topics Covered:
Chapter 1 Report Scope
Chapter 2 Methodology
Chapter 3 Executive Summary
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.1.2 Related/Ancillary Market Outlook
4.2 Market Dynamics
4.2.1 Market Driver Analysis
4.2.1.1 Home Healthcare As A Cost-Effective Alternative
4.2.1.2 Improved Life Expectancy Of Premature Infants
4.2.2 Market Restraint Analysis
4.2.2.1 Shortage Of Pediatric Home Care Nurses
4.3 Penetration & Growth Prospect Mapping
4.4 Business Environment Analysis Tools
4.4.1 Swot Analysis, By Pest
4.4.1.1 Political & Legal
4.4.1.2 Economic
4.4.1.3 Technological & Social
4.4.2 Porter’s Five Forces Analysis
4.4.2.1 Threat Of New Entrants: Moderate
4.4.2.2 Bargaining Power Of Buyers: Moderate
4.4.2.3 Competitive Rivalry: High
4.4.2.4 Bargaining Power Of Suppliers: Low
4.4.2.5 Threat Of Substitutes: Moderate
4.4.3 Major Deals And Strategic Alliances
4.4.3.1 Joint Ventures
4.4.3.2 Mergers And Acquisitions
4.4.3.3 Partnership And Licensing
4.4.3.4 Technology Collaborations
Chapter 5 Pediatric Home Healthcare Market: Service Analysis
5.1 Market: Service Movement Analysis
5.1.1 Skilled Nursing Services
5.1.1.1 Market, 2016 – 2028 (USD Million)
5.1.2 Personal Care Assistance
5.1.2.1 Market, 2016 – 2028 (USD Million)
5.1.3 Rehabilitation Therapy Services
5.1.3.1 Market, 2016 – 2028 (USD Million)
Chapter 6 Pediatric Home Healthcare Market: Regional Outlook
Chapter 7 Competitive Analysis
7.1 Recent developments and impact analysis by key market participants
7.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
7.3.1 Company market Position Analysis
7.4 Company Profiles
Chapter 8 Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/wvt2z9
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