Global Social Determinants Of Health (SDOH) Market, By Type (Economic Stability, Food Insecurity, Social Context, Environment, Education, Healthcare Systems), End-User (Payers, Providers), Application (Authentication, Authorization, Person-matching, Consent Management, Privacy) – Industry Trends and Forecast to 2029
Market Analysis and Size
The social determinants of health (SDOH) are the non-medical factors that influence health outcomes. The conditions during which folks are born, grow, work, live, and age, and the wider set of forces and systems shaping the necessities of life. Social determinants of health (SDOH) additionally contribute to wide health disparities and inequities. For instance, people who do not have access to healthy food stores are less likely to possess smart nutrition. That raises their risk of health conditions such as heart condition, diabetes, and fatness — and even lowers lifespan relative to people that do have access to healthy foods and it's driving the market
- Data Bridge Market Research analyses that the social determinants of health (SDOH) market is expected to grow at a CAGR of 23.00% during the forecast period. "Healthcare Systems" accounts for the largest type segment in the social determinants of health (SDOH) market owing to the presence of government mandates and rise in healthcare costs.
Social determinants of health (SDOH) are the conditions within the environments wherever individuals are born, live, learn, work, play, worship, and age that have an effect on a good range of health, functioning, and quality-of-life outcomes and risks. Social determinants of health (SDOH) aim to enhance the individuals' commonplace of living by providing them with the simplest quality of health care facilities.
Social Determinants of Health (SDOH) Market Dynamics
The rise awareness about social determinants of health
Social determinants of health have shown a greater impact on population health and individual well-being than factors such as biology, behaviour, and medical care. Awareness is spreading among people and it is driving the market. This is driving the market growth rate.
Government investments for social determinants of health
The federal government's increase in funding to drive the adoption of these solutions further influences the market because it is good for consumers and economic stability. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the social determinants of health (SDOH) market.
Furthermore, the need for robust data that can be utilized by developing new analytical models and rising research and development proficiencies by the major players, especially in the developing and developed economies, extend profitable opportunities to the market players in the forecast period of 2022 2029.
On the other hand, concerns regarding the social determinants of health (SDOH) implementation, rising security and privacy, and issues and complexities associated with adopting the model are expected to obstruct market growth. Also, some providers are concerned that higher costs of healthcare because of the complexity of adding new data to clinical protocols and this is projected to challenge the social determinants of health (SDOH) market in the forecast period of 2022-2029.
This social determinants of health (SDOH) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the social determinants of health (SDOH) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Social Determinants of Health (SDOH) Market
With the going COVID-19 pandemic, there has been a renewed interest in using social determinants of health (SDOH) as a patient's medical history component. Social determinants of health (SDOH) can play an essential role in improving the health of millions of people. Patients can benefit from how lifestyle factors affect their quality of life over many years and this projects a lucrative scope of growth for the social determinants of health (SDOH) especially post the pandemic.
Global Social Determinants of Health (SDOH) Market Scope
The social determinants of health (SDOH) market is segmented on the basis of type, end-user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Economic Stability
- Food Insecurity
- Social Context
- Healthcare Systems
On the basis of type, the social determinants of health (SDOH) market is segmented into economic stability, food insecurity, social context, environment, education, and healthcare systems.
On the basis of end-user, the social determinants of health (SDOH) market is segmented into payers, and providers.
- Consent management
On the basis of application, the social determinants of health (SDOH) market is segmented into authentication, authorization, person-matching, consent management, and privacy.
Social Determinants of Health (SDOH) Market Regional Analysis/Insights
The social determinants of health (SDOH) market is analysed and market size insights and trends are provided by country, type, end-user and application as referenced above.
The countries covered in the social determinants of health (SDOH) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the social determinants of health (SDOH) market because of the strong base of healthcare facilities and the presence of major key players within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives for social determinants of health, rise in medical tourism, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The social determinants of health (SDOH) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for social determinants of health (SDOH) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the social determinants of health (SDOH) market. The data is available for historic period 2010-2020.
Competitive Landscape and Social Determinants of Health (SDOH) Market Share Analysis
The social determinants of health (SDOH) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to social determinants of health (SDOH) market.
Some of the major players operating in the social determinants of health (SDOH) market are Arcadia Group, Cancer IQ, Cerner Corporation, Color, Enli Health Intelligence, Geneia LLC, Health Catalyst, HealthEC, LLC, Healthify, Innovaccer Inc., Interpreta, Lightbeam. Lumeris, Medecision, NowPow, Optum, Orion Health, Signify Health and TransUnion Healthcare among others.