What Has Been The Evolution of the Pediatric Home Healthcare Market in Recent Years?
The pediatric home healthcare market has seen considerable growth due to a variety of factors.
•The market size of pediatric home healthcare has experienced significant expansion over the past few years. It is anticipated to rise from $47.75 billion in 2024 to $52.29 billion in 2025, registering a compound annual growth rate (CAGR) of 9.5%.
The substantial growth during the historic period can be credited to factors such as the increasing need for competent talent recruitment, workforce globalization, large influx of job applications, the improved candidate experience, statutory compliance and regulations, as well as diversity and inclusion agendas.
What Is the Forecasted Market Size and Growth Rate for The Pediatric Home Healthcare Market?
The pediatric home healthcare market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the pediatric home healthcare market is projected to experience significant growth, reaching a value of "$79.12 billion by 2029, representing a compound annual growth rate (CAGR) of 10.9%.
Such growth over the projected period is tied to various factors including emphasis on keeping employees, the implementation of remote onboarding and video interviewing options, the usage of mobile recruiting, the growth of the gig economy, and concerns related to cybersecurity. Key trends that will influence this forecast period include the incorporation of AI and automation, application of predictive analytics in talent acquisition, the rise of collaborative recruitment platforms, the deployment of blockchain in recruitment processes, and the managing of talent relationships (TRM).
What Factors Are Driving Growth In The Pediatric Home Healthcare Market?
The rise in chronic disease cases is believed to be pushing the growth of the pediatric home healthcare market. Chronic ailments require continuous medical monitoring and management and include conditions such as heart disease, cancer, stroke, diabetes, and arthritis. Pediatric home healthcare is becoming an increasingly popular method for managing chronic conditions in children, providing a plethora of medical services at the child's home. This approach is particularly useful for conditions that require regular supervising, continuing care, or specialist attention over a long duration. For instance, the World Health Organization, a United Nations agency dedicated to international public health, reported that non-communicable diseases (NCDs) or chronic ailments are responsible for 41 million deaths each year globally. This included 17.9 million deaths due to cardiovascular diseases, 9.3 million deaths due to cancer, 4.1 million deaths due to chronic pulmonary diseases, and 2.0 million deaths due to diabetes. As such, the escalating occurrence of chronic conditions is propelling the pediatric home healthcare market's expansion.
What Are The Main Segments Of The Global Pediatric Home Healthcare Market?
The pediatric home healthcare market covered in this report is segmented –
1) By Service: Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services
2) By Device: Diagnostic And Monitoring Devices, Therapeutic Devices, Home Mobility Assist Devices
3) By Application: Premature Babies, Cardiovascular Disease, Complex Intravenous Therapy, Pediatric Oncology, Chronic Disease, Infectious Disease, Other Applications
Subsegments:
1) By Skilled Nursing Services: Pediatric Assessments, Medication Management, Wound Care, Intravenous (IV) Therapy, Care For Chronic Conditions
2) By Personal Care Assistance: Bathing And Hygiene Assistance, Meal Preparation, Mobility Assistance, Companionship, Light Housekeeping
3) By Rehabilitation Therapy Services: Physical Therapy, Occupational Therapy, Speech Therapy, Behavioral Therapy, Developmental Therapy
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What Emerging Trends Are Influencing The Growth Of The Pediatric Home Healthcare Market?
Embracing innovative technologies is a rising trend that holds significant potential in the area of pediatric home healthcare. Firms in this sector are integrating novel technologies to maintain their market standing. Take for instance, CognitiveBotics Technologies, an organization from India offering eLearning solutions for children affected by Autism Spectrum Disorder (ASD), debuted an AI-driven eLearning platform for ASD children in April 2023. This pioneering product supports ASD children from two to eighteen years, providing a holistic special education platform that equips them for employment and a fulfilling, self-reliant life. The organization enhances autism therapy with their avant-garde digital learning modules, harnessing the strength of Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to improve children's social, communication, motor, and emotional abilities.
Who Are the Key Players in the Pediatric Home Healthcare Market?
Major companies operating in the pediatric home healthcare market include:
• Aveanna Healthcare LLC
• BAYADA Home Health Care Inc.
• Tendercare Home Health Services Inc.
• BrightStar Group Holdings Inc.
• Angels of Care Pediatric Home Health
• New England Home Care Inc.
• Pediatric Home Healthcare
• Enviva Pediatric Care
• Interim Healthcare Inc.
• eKidzCare
• MGA Homecare LLC
• At Home Healthcare
• Paramed Inc.
• Kindred Healthcare LLC
• LHC Group Inc.
• National HealthCare Corporation
• Maxim Healthcare Services
• Team Select Home Care
• Portea Medical
• EKIDZCARE CORPORATE
• OMRON Corporation
• Amedisys Inc.
• Extendicare Inc.
What Is The Most Dominant Region In The Pediatric Home Healthcare Market?
North America was the largest region in the pediatric home healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global pediatric home healthcare market during the forecast period. The regions covered in the pediatric home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
