Social Determinants of Health Market is projected to reach USD 18.06 Billion by 2032, growing at a CAGR of 19.40% during the forecast period of 2023-2032 - published by MarketDigits

According to a research report "Social Determinants of Health Market” by Type (Social Context, Economic Stability, Environment, Education, Food Insecurity), Application (Consent management, Authentication, Privacy, Authorization, Patient matching), End User (Providers, Payers), & Region - Global Forecast To 2032".

• Market size value in 2023 - USD 5.57 Billion
• Market size value in 2030 - USD 18.06 Billion
• CAGR (2023-2030) - 19.40%
• Forecast Period - 2023-2032
• Historic Data - 2019
• Segments Covered - Type, Application, End User & Region
• Geographies Covered - North America, Europe, Asia Pacific, and RoW
• Sample of Companies Covered - ARIRAS, CancerIQ, Oracle, TransUnion LLC

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In Depth TOC on Social Determinants of Health Market

• 279 - Market Data Tables
• 99 - List of Figures
• 405 – Pages

Market Overview: The social determinants of health market has become increasingly vital in promoting improving outcomes across population. These determinants have wide array of factors that affect individuals’ health extending beyond traditional healthcare services. The impact of SDOH on health outcomes is profound and multifaceted. Individuals with low level of education and income has experienced high rates of chronic diseases like diabetes and heart disease. Those with higher education and income levels tend to enjoy better overall health outcomes and economic factors, issues such as discrimination, violence, and social isolation also play significant roles in shaping physical and mental health. Privacy concerns and the responsible use of sensitive personal data are paramount in development and deployment of SDOH by focusing on improving social and economic conditions alongside traditional healthcare services their ethical use and consideration of privacy concerns are essential for their effective deployment in healthcare.

Market Dynamics

Drivers:

• Digital technology adoption and advancement
• Government investment in social determinants of health
• Increasing awareness and recognition of SDOH

Opportunities:

• Increasing research and development activities
• Rise in healthcare expenditure
• Forming social impact partnership

The market for Social Determinants of Health Market is dominated by North America.

The North American social determinants of health market are the main leader. United States is the main player from the North American market because of the increase in awareness of the SDOH influence on health outcomes and growing focus on reducing health disparities have fueled market growth. Government initiatives promoting SDOH consideration by healthcare providers leads to North America dominant position. Some large cities such as U.S. and Canada has innovative programs that target the social risk factors such as transportation, housing and education.

The Asia Pacific region shows the highest CAGR for Social Determinants of Health as the government realizes that socioeconomic factors are important in diseases such as diabetes, respiratory illness and cardiovascular conditions are superior in Asia Pacific and this region also faces challenges of rapid urbanization and aging population that impact community well-being and this causes the rapid expansion in this region.

Major Vendors in the Social Determinants of Health Market

• Arcadia Group
• AMERIHEALTH CARIRAS
• CancerIQ
• Oracle
• TransUnion LLC
• Signify Health
• Elevance Health
• NowPow
• Medecision
• Lumeris
• Lightbeam
• Innovaccer Inc
• WELLSKY
• Blue Cross Blue Shield Association
• HealthEC LLC
• Health Catalyst

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