The global pediatric home healthcare market size is expected to reach USD 67.44 billion by 2028, according to a new study by Polaris Market Research. The report “Pediatric Home Healthcare Market Share, Size, Trends, Industry Analysis Report, By Indication; By Service (Skilled Nursing, Personal Care Assistance, Rehabilitation Therapy); By Region; By Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing prevalence of congenital developmental disorders among children and increasing cases of preterm births are the key driving forces behind the global economy's expansion market during the forecast period. The increasing focus on pediatric home nursing in families with disabled kids and the introduction of novel rehabilitation therapy services will further boost the growth of the industry over the coming years.
There is increasing awareness for pediatric home nursing in both developed and developing countries across the globe. In the U.S., families are spending 1.5 billion hours and USD 35.7 billion on pediatric upkeep. This is due to the increasing number of preterm births and the increasing prevalence of many congenital and intellectual disorders among children.
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Various chronic disorders such as fibrosis, muscular dystrophy, cerebral palsy, congenital heart diseases, and autism are highly prevalent across the globe. Muscular dystrophy affects every 1 baby in 3500 live male births, and in the U.S. alone, 250,000 individuals live with this disorder. Autism is a very common disorder seen in 1 in 160 children across the globe, and in the U.S., the prevalence is somewhere around 222 per 10,000 children. All of these elements are expected to drive global industry growth.
Rehabilitation therapy services are the most commonly availed services, including physical, speech, and occupational therapies that will treat various developmental and learning disorders. Skilled nursing services also contribute to the growth of this market as these services are necessary to treat children with complex chronic neurological and respiratory disorders, even in-home setup.
COVID-19 pandemic is expected to positively affect the growth of the global market during the forecast period owing to the increasing teleconsultations among medical professionals and families of the affected kids. For instance, during the pandemic, Solace Pediatric Home Healthcare launched telehealth therapy services where clinicians will offer virtual speech, occupational, physical, and behavior therapy sessions, which is expected to benefit more than 3,500-plus families in Colorado.
Polaris Market research has segmented the pediatric home healthcare market report on the basis of service, indication, and region:
Pediatric Home Healthcare, Service Outlook (Revenue - USD Million, 2016 – 2028)
Pediatric Home Healthcare, Indication Outlook (Revenue - USD Million, 2016 – 2028)
Pediatric Home Healthcare, Regional Outlook (Revenue - USD Million, 2016 – 2028)