Baby Care And Mother Care Market Scope, Trends, Forecast 2026 ((NEW))
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Moreover, favorable government funding is expected to support market growth. The majority of children under the age of five in the U.S. receive government-funded early care and education services each year. The state governments in the U.S. are supporting families to afford daycare services & improve the sustainability of the market. The Department of Social Services California supports daycare by providing families with low-cost or free childcare, depending on the eligibility of the family.
The early education & daycare segment dominated the market in 2021, attributed to the development of advanced learning techniques for children. Starfall is one of the top learning tools for children. The tool is based on the latest technology enabling the children to learn languages, art, and math among others through activities and games. The new learning software are transforming the segment. In addition, the government is supporting to children to have access to proper learning tools & daycare services. For Instance, the department of early education and care, Massachusetts provide grants for center-based early education service.
The backup care segment is expected to witness lucrative growth over the forecast period. Backup care is usually a benefit given to employers in applicable situations wherein a regular child attention service plan is disrupted. There are two types of backup services, in-home & in-center services. There increasing no of working single parents is driving growth for the segment.
The early care segment is expected to have lucrative growth during the forecast period. There are 19.7 billion children below age 4 in the U.S. These children require extreme attention; hence daycare centers are in high demand for these children. The federal government is focusing on enhancing infant daycare services in the U.S. The child care and development Fund (CCDF) provides subsidies to assist low-income families.
The organized care facilities segment accounted for the highest revenue share of the U.S. child care market in 2021. The segment is expected to witness the highest growth rate during the forecast period. The rising number of working parents, technological advancements, and growing funding for supporting quality early education are some of the key factors expected to drive the growth of the segment.
The home-based settings are expected to have lucrative growth during the forecast period. According to the U.S. department of health & human services, billions of families in the U.S. rely on home-based daycare (HBCC). Home-based caregivers supervise a small group of children per day, which may vary depending on state & local regulations and the caregiver's personal preferences.
The industry is very competitive with the presence of several large and small players. The launch of new early development and education programs and collaborations are the key strategies adopted by the market players. For instance, in Aug 2022, Kinder Care launched a tuition benefit+ program designed for employers to facilitate affordable daycare service for working families. Some prominent players in the U.S. child care market include:
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the U.S. child care market report based on type & delivery type:
The growing influence of fashion trends on maternity support products is one of the key drivers supporting the maternity support products market growth. Companies have now adopted advertising strategies like using pregnant models to showcase their products and create a better connection with the customers. This will create an effective impact on pregnant women's purchasing decisions. For instance, Fit Pregnancy is a popular parenting publication of Meredith Corporation. Similarly, Mother, Baby and Child is a popular parenting publication in the Mi