The
global Pediatric
Home Healthcare Market size is expected to reach USD 58.5 billion by 2026,
based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.3%.
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% of pediatric population
constitutes of CMC in the U.S. This population accounts for almost 30% of the
pediatric healthcare cost. In-home pediatric services significantly reduce the
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.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/pediatric-home-healthcare-market/
https://www.grandviewresearch.com/industry-analysis/pediatric-home-healthcare-market/
Further key findings from the study suggest:
- 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
is expected to thrive 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. Personal care assistance segment is expected to grow
due to increase in demand for long-term healthcare services forinfants
with complex cardiac, neurological, and respiratory disorders.
- North
America held the largest share in 2018. Favorable reimbursement policies
in the U.S., wherein majority of pediatric care services are covered under
Medicaid is positively driving the demand for pediatric home healthcare
services.
- 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.
- Some of the
key players in the market are DJK HOME HEALTHCARE LLC; Aveanna Healthcare;
Tendercare Home Health;BAYADA Home Health Care; BrightStar Care; Pediatric
Home Healthcare;New England Home Care, Inc.;Angels of Care Pediatric Home
Health;EnViva Paediatric Care;eKidzCare; ParaMed; MGA Homecare;At Home
Healthcare; and Interim HealthCare, Inc.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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