The global social determinants of health (SDOH) market size is expected to reach US$ 18.06 Bn by 2030, from US$ 5.57 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 18.3% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023/2024: |
US$ 5.57 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023/2024 to 2030/2031 CAGR: |
18.30% |
2030/2031 Value Projection: |
US$ 18.06 Bn |
Figure 1. Global Social Determinants of Health (SDOH) Market Share (%), By Region, 2023
The social determinants of health refers to the socioeconomic, cultural, and environmental factors that influence individual and population health outcomes. These determinants include factors like education, employment, income, and housing, access to healthcare services, transportation, environment, and social support systems. Extensive research over the past few decades has established a strong link between social determinants and health inequalities across populations. Disadvantaged social groups tend to experience poorer health and lower life expectancy compared to more advantaged groups due to socioeconomic barriers that influence health behaviors and access to resources. Understanding the impact of social determinants is crucial for public health policymaking and implementing targeted interventions to promote health equity.
Market Dynamics:
The global social determinants of health (SDOH) market is driven by rising awareness about health inequalities and social responsibilities in healthcare. Government initiatives to reduce healthcare costs by addressing root cause social issues are boosting the market growth. However, lack of data infrastructure in many countries poses a challenge for stakeholders. The market sees opportunities from increasing investments in social care services and community development programs. Key players are focusing on digital solutions and biomarkers to better understand population needs. Collaborations between private insurers, social sector organizations, and policymakers are also gaining traction to create sustainable solutions.
Key Features of the Study:
- This report provides an in-depth analysis of the global social determinants of health (SDOH) market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global social determinants of health (SDOH) market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Healthify, Innovaccer Inc., Interpreta, Lightbeam. Lumeris, Medecision, NowPow, Optum, Orion Health, Signify Health, Arcadia Group, Cancer IQ, Cerner Corporation, Color, Enli Health Intelligence, Geneia LLC, Health Catalyst, and HealthEC, LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global social determinants of health (SDOH) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global social determinants of health (SDOH) market
Detailed Segmentation:
- Global Social Determinants of Health (SDOH) Market, By Type
- Economic Stability
- Food Insecurity
- Social Context
- Environment
- Education
- Healthcare Systems
- Global Social Determinants of Health (SDOH) Market, By Application
- Authentication
- Authorization
- Person-matching
- Consent management
- Privacy
- Global Social Determinants of Health (SDOH) Market, By End User
- Global Social Determinants of Health (SDOH) Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Top Companies in the Global Social Determinants of Health (SDOH) Market:
- Healthify
- Innovaccer Inc.
- Interpreta
- Lightbeam
- Lumeris
- Medecision
- NowPow
- Optum
- Orion Health
- Signify Health
- Arcadia Group
- Cancer IQ
- Cerner Corporation
- Enli Health Intelligence
- Geneia LLC
- Health Catalyst
- HealthEC, LLC