The current global pediatric home healthcare industry is valued at around US$ 38 Billion and is projected to surge to an estimated US$ 197 Billion by 2033, exhibiting an impressive Compound Annual Growth Rate (CAGR) of 16.3% between 2023 and 2033.
These services have significantly reduced hospital stays for children dealing with respiratory, neurological, and cardiac disorders. Statistics from the Natural Survey of Children with Special Healthcare Needs reveal that over 20% of children aged 5 to 19 require exclusive medical care. As the number of Children with Special Healthcare Needs (CSHCN) rises, the availability of pediatric home healthcare services not only improves their quality of life but also substantially cuts down on medical expenses.
The utilization of assistive devices such as CPAP, ventilators, nebulizers, and apnea monitors has enabled infants with complex diseases to transition from neonatal intensive care units to receive ongoing medical support through pediatric nursing care at home. Moreover, the demand for skilled nursing services is on the rise due to the increasing number of children diagnosed with complex medical conditions like cerebral palsy, epilepsy, asthma, and cystic fibrosis.
Future Market Insights has conducted an extensive market study titled ‘Pediatric Home Healthcare Market,’ delving into these insights. Through meticulous primary, secondary, and tertiary research methodologies, the team of analysts and consultants has compiled comprehensive data and observations.
An analyst from Future Market Insights highlights the forecasted growth of the global pediatric home healthcare market, attributing this surge to the availability of advanced technologies facilitating continuous medical assistance for children with medical complexities in the comfort of their homes. This, in turn, is expected to drive substantial market expansion in the upcoming years.