The Asia Pacific Pediatric Home Healthcare Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
Pediatric home health care provides medically necessary services and assists in maintaining, achieving, and restoring health and functional capacity. It is suitable for children of different age and takes care of all the needs of the individual child. Many scientific studies have provided the effectiveness of home health care for pediatric conditions that require additional care. The medical necessity standards are mainly based on professional standards of childcare or best pediatric practice.
There is a lack of skilled healthcare provider’s in-home health agencies in rural areas. However, in urban areas, the demand for pediatric home healthcare is high due to increasing awareness among the people and growing cases of chronic diseases among children. For instance, children suffering from tracheostomy require a ventilator. This necessitates the continuous availability of someone who is able to assess the airway and suction secretions whenever needed. So, home healthcare services provide nurses or respiratory therapists in such conditions. The adoption of advanced technologies in the healthcare system provides continuous care and medical assistance to Children with Medical Complexities (CMC) at home itself. Thus, it is expected to fuel the pediatric home healthcare market growth in the forecast period.
The growth of pediatric home healthcare in the Asia Pacific is attributed to increasing awareness among people and the entry of various market players in this region. The increased dependency on home healthcare in developing countries has improved the survival expectancy of neonatal babies and premature infants. Apart from this, the rising adoption of advanced medical technologies in the healthcare system in countries like China, Japan, India, etc has encouraged people to go for pediatric home healthcare. It has become possible for many infants and children who are suffering from any chronic or complex medical condition and need to have comprehensive care in their own homes. The increasing possibility of premature infants suffering from neurological and muscular deficits is likely to drive the demand for rehabilitation therapy services in this region.
The China market dominated the Asia Pacific Personal Care Assistance Market by Country in 2020, thereby, achieving a market value of $989.8 million by 2027. The Japan market is exhibiting a CAGR of 12.6% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 12.9% during (2021 - 2027).
Based on Service, the market is segmented into Rehabilitation Therapy Services, Skilled Nursing Services and Personal Care Assistance. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Pediatric Home Healthcare Market is Projected to reach USD 59.2 Billion by 2027, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aveanna Healthcare LLC, DJK Home Healthcare LLC (Children’s Home Healthcare), BAYADA Home Health Care, Inc., Tendercare Home Health Services, Inc., Brightstar Care (Moving Health Home), Pediatric Home Healthcare, LLC, EnViva Complex Care Limited (Complete Care Holdings Limited), Interim HealthCare, Inc. (Caring Brands International), eKidzCare, and MGA Home Healthcare, LLC (Flexpoint Ford, LLC).
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