The growing population of Children with Medical Complexities (CMC) requiring in-home care is expected to drive the market during the forecast period.
The global pediatric home healthcare market size is projected to hit around US$ 58.10 billion by 2030 and is projected to grow at a CAGR of 8.8% during forecast period 2021 to 2030.
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.
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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.
Scope of the Report
| Report Coverage | Details |
| Market Size in 2020 | USD 30.13 Billion |
| Revenue Forecast by 2030 | USD 58.10 Billion |
| CAGR | 8.8% from 2022 to 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 to 2030 |
Service Insights
The rehabilitation therapy services segment dominated the market for pediatric home healthcare and held the revenue share close to 60.0% in 2020. The segment is expected to witness significant growth over the forecast period. The high probability of premature infants living with neurological and muscular deficits is expected to boost demand for rehabilitation therapy services during the forecast period. The majority of service providers are offering various rehabilitation therapies such as physical, occupational, and speech therapies for kids suffering from autism, ADD/ADHD, cerebral palsy, and muscular atrophy.
The skilled nursing services segment is also growing due to the increase in the number of children suffering from complex medical conditions such as cerebral palsy, cystic fibrosis, asthma, and epilepsy. Skilled nursing services have significantly reduced the inpatient cost of children with medical complexities. According to a study published in May 2018, the average cost of skilled nursing services amounts to USD 450 per day, whereas inpatient care amounts to USD 3,000 per day. Pediatric home care providers are facing major challenges in marinating their nursing staff to provide quality care for children with special healthcare needs. For overcoming such challenges, key players are undertaking various strategic initiatives to strengthen their capabilities. For instance, in July 2017, BAYADA Home Health Care acquired Premier Staffing Solutions. The acquisition was aimed at improving the company’s home nursing care services.
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Regional Insights
North America dominated the market for pediatric home healthcare and held the largest revenue share of almost 35.0% in 2020 due to growing awareness about pediatric home-based medical services. A survey conducted on children with complex medical conditions in the U.S. exhibits that almost 500,000 infants and adolescents with special medical needs require various medical and therapeutic services in their homes. Prolonged hospital stays may significantly increase medical expenditure, whereas pediatric home-based services are cost-effective and improve the efficiency of care for patients. Thus, numerous providers in the U.S. are offering a range of services to meet this growing demand.
In Asia Pacific, the market for pediatric home healthcare is expected to exhibit lucrative growth during the forecast period. With advances in medical technologies in developing countries, the survival expectancy of premature infants and neonatal babies has significantly improved; however, these babies are at higher risk of developing physical and neurological disorders, requiring in-home pediatric care. Thus, BAYADA Home Health Care has opened several pediatric services in India, South Korea, and New Zealand.
Key Players
Aveanna Healthcare; DJK Home Healthcare LLC; BAYADA Home Health Care; Tendercare Home Health; BrightStar Care; Angels of Care Pediatric Home Health; New England Home Care, Inc.; Pediatric Home Healthcare.; EnViva Paediatric Care; Interim HealthCare, Inc.; eKidzCare; MGA Homecare; At Home Healthcare; and ParaMed.
Market Segmentation
- Service Outlook
- Skilled Nursing Services
- Personal Care Assistance
- Rehabilitation Therapy Services
- Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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