Published Date: 24-Jun-2021
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According to a new report Global Pediatric Home Healthcare Market, published by KBV research, The Global Pediatric Home Healthcare Market size is expected to reach $59.2 billion by 2027, rising at a market growth of 7.5% CAGR during the forecast period.
The skilled nursing services segment dominated the pediatric home healthcare market. It is accredited to the increasing number of children who are suffering from complex medical conditions like asthma, cerebral palsy, cystic fibrosis, and epilepsy. Skilled nursing services have considerably reduced the inpatient cost of children suffering from medical complexities. A study published in May 2018 stated that the USD 450 per day is the average cost of skilled nursing services whereas inpatient care cost is around USD 3,000 per day. Pediatric home care providers are currently facing challenges in selecting their nursing staff who are capable of providing quality care for children requiring special healthcare needs. The key players are undertaking various strategic initiatives to overcome such challenges and strengthen their capabilities.
North America garnered the highest market share of pediatric home healthcare in 2020 and hence became the dominating region of the global market. It is accredited to increasing awareness about the different types of pediatric home care services. A study conducted on children in the U.S. who have serious medical conditions revealed that more than 500,000 infants’ adolescents require various medical and therapeutic services in their homes. Continued hospital stays lead to a considerable increase in medical expenditure. However, pediatric home-based services are affordable to many middle-class families also.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Aveanna Healthcare LLC, DJK Home Healthcare LLC (Children’s Home Healthcare), BAYADA Home Health Care, Inc., Tendercare Home Health Services, Inc., Brightstar Care (Moving Health Home), Pediatric Home Healthcare, LLC, EnViva Complex Care Limited (Complete Care Holdings Limited), Interim HealthCare, Inc. (Caring Brands International), eKidzCare, and MGA Home Healthcare, LLC (Flexpoint Ford, LLC).
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