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What key factors are powering the surge in the pediatric home healthcare market right now?

In recent times, there has been significant growth in the pediatric home healthcare market size. By 2025, the market is expected to surge from $47.75 billion in 2024 to $52.29 billion, with a compound annual growth rate (CAGR) of 9.5%. The expansion witnessed during the historical phase can be ascribed to the need for proficient talent acquisition, workforce globalization, a vast volume of job applications, improvement in candidate experience, adherence to norms and regulations, along with drives for diversity and inclusion.

How fast Is the pediatric home healthcare market expected to grow, and what’s its future value?

Future projections point towards a swift expansion of the pediatric home healthcare market size in the subsequent years. The market is projected to reach $79.12 billion by 2029, registering a CAGR of 10.9%. Various factors contributing to this growth include an emphasis on employee preservation, solutions for remote onboarding, video interviewing methods, mobile recruiting utilization, the gig economy expansion, as well as concerns about cybersecurity. Notable trends for the forecast period comprise the integration of AI and automation, utilizing predictive analytics for talent acquisition, the emergence of cooperative hiring platforms, the application of blockchain in recruitment, and talent relationship management (TRM).

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What are the leading drivers of growth in the pediatric home healthcare market?

The rise in chronic health conditions is likely to fuel the expansion of the pediatric home healthcare market. Chronic diseases require consistent medical attention and management and are often long-term health problems. The most frequently occurring chronic diseases include heart disease, cancer, stroke, diabetes, and arthritis. Pediatric home healthcare is becoming more popular in managing these long-term conditions in children, providing various medical services within the familiar surroundings of the child’s home. This method is particularly useful for diseases that need regular check-ups, continuous treatment, or special care over a prolonged period. For instance, the United Nations’ specialized agency for international public health, the World Health Organization, reports that non-communicable diseases (NCDs) or chronic diseases are responsible for 41 million deaths annually worldwide. These include 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Thus, the mounting prevalence of chronic diseases is catalyzing the pediatric home healthcare market’s growth.

What are the key segments defining the 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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Who are the key players steering the development of 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 emerging trends are influencing the growth of the pediatric home healthcare market?

The growing use of cutting-edge technology has been identified as a prominent tendency in the pediatric home healthcare sector. Businesses in this market are employing novel technologies to maintain their equilibrium. Take for example CognitiveBotics Technologies, an Indian organization specializing in eLearning solutions for children with Autism Spectrum Disorder (ASD), which introduced an AI-driven eLearning platform for ASD-affected children in April 2023. This forward-thinking product supports autistic children from two to 18 years old, offering a holistic special education platform to set them up for gainful employment and a fulfilling, self-reliant life. For better autism therapy, the company’s progressive digital learning modules harness the potential of Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to enhance children’s social, communicative, motor, and emotional abilities.

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Which regions are most influential in expanding 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

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