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Pediatric Home Healthcare Market Size
- Report ID: GMI5896
- Published Date: May 2023
- Report Format: PDF
Pediatric Home Healthcare Market Size
Pediatric Home Healthcare Market size was valued at around USD 42.6 billion in 2022 and is anticipated to grow at a CAGR of over 7.6% between 2023 and 2032. This incremental growth rate is owing to increasing prevalence of chronic ailments and rising demand for home healthcare services among infants. Global home healthcare industry is estimated to grow at 7.9% CAGR between 2023 and 2032 due to increasing prevalence of target diseases, especially Alzheimer’s & dementia.
The emergence of advanced technologies and telemedicine in assisting solutions for infants coupled with rising number of pediatric home healthcare services providers has augmented the market demand. Increase in healthcare spending for providing better healthcare facilities, growing disposable income, adoption of smart home healthcare model and technological advancements in home healthcare services are some of the major factors responsible for increased adoption of pediatric home healthcare market globally.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Pediatric Home Healthcare Market Size in 2022: | USD 42.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.6% |
| 2032 Value Projection: | USD 88.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 199 |
| Segments covered: | Service, Indication and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Pediatric home healthcare refers to medical care provided to infants, children, and adolescents in the comfort of their own homes. It involves a range of healthcare services and treatments delivered by qualified healthcare professionals, such as nurses, therapists, and aides, who specializes in caring for pediatric patients.
However, high cost of home healthcare services for pediatric patients can be a significant barrier and impede the market growth in the coming years. Pediatric home healthcare requires skilled nurses, therapists, and aides who specialize in caring for children with complex medical needs which can increase the cost of their services. Additionally, providing pediatric home healthcare often involves the use of specialized medical equipment and supplies, such as ventilators, feeding tubes, and mobility aids among others further adds to the costs. The high cost of pediatric home healthcare services can create financial burdens for families seeking homecare for their children. It may also impact the availability and accessibility of pediatric home healthcare services, particularly in areas with limited resources or areas where reimbursement rates are low. Hence, the aforementioned factors are expected to restrict the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Pediatric Home Healthcare Market Size in 2022: | USD 42.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.6% |
| 2032 Value Projection: | USD 88.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 199 |
| Segments covered: | Service, Indication and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Pediatric Home Healthcare Market Scope
