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Social Determinants of Health Market – Global Demand, Trends & Analysis
Social Determinants of Health Market Size Was Valued at USD 19.06 Billion in 2023, and is Projected to Reach USD 94.01 Billion by 2032, Growing at a CAGR of 19.40% From 2024-2032.
IMR Group
Description
Social Determinants of Health Market Synopsis:
Social Determinants of Health Market Size Was Valued at USD 19.06 Billion in 2023, and is Projected to Reach USD 94.01 Billion by 2032, Growing at a CAGR of 19.40% From 2024-2032.
The Social Determinants of Health (SDOH) market is the area of business designed to address the various social and economic aspects that define health standards among humans. These determinants are economic stability, education, social: health context, healthcare, and environmental, which define health behaviours, and access to care, and well-being. The SDOH market refers, therefore, to the creation and delivery of solutions that address the determinants to enhance population health and reduce health disparities.
The Social Determinants of Health (SDOH) market is an emerging industry that has gained a lot of popularity over the past few years because of growing realisation that health is determined not only by genetic profile and timely treatment, but also through a collection of social factors. Elements which may include the financial aspect of a community and the level of education as well as the support they garner and the rate of safety in the society can help to explain the current trends in the different populations’ health. As SDOH research becomes more established, relevant literature associate such factors with health outcomes, leading to stakeholders such as healthcare providers, policymakers, and community organizations propel efforts towards interventions targeting SDOH.
There has been even more investment in the SDOH market due to the enhanced shelf understanding of social and economic determinants of health by the COVID-19 pandemic. Given the current state of affairs in managing chronic diseases, mental health and preventative care, the importance of the SDOH integrated approaches is seeing health care systems adopt them. This has been through the promotion of community healthcare programmes, improvement of statistical data and information and close partnership between healthcare facilities and any other institutions in the society. Due to this reality, the market is projected to grow with time mainly because of the increasing concern for and understanding of SDOH.
Social Determinants of Health Market Trend Analysis:
Increased Focus on Data Analytics
Social Determinants of Health market is the volatility in data analytics pertaining to health inequality. In an effort to better address health disparities in patient populations, modern healthcare organizations are using big data analytics to better examine SDOH. Conducting an analysis of demographic, socio-economic and behavioral data will enable organizations to define vulnerable groups and come up with subsequent intercessions which will adequately respond to the requirements of such groups. Besides fortifying the health programs this research-based approach also helps the stakeholders in utilization of the resources.
In addition, the adaptation of data analytics to SDOH drives lowers diverse settings interconnectivity within sectors such as health, education, and social services. By cross-sector information sharing, organizations can ensure that every plan taken to eliminate health disparities tackles the fundamental issues, hence developing lasting solutions. With the increasing focus on using data analytics to drive solutions to the future in SDoFH, it can be anticipated that investment in analytics technology and talent will become a priority for stakeholders in SDOH.
Integration of Technology in SDOH Solutions
A major trend in the Social Determinants of Health market is the application of technological tools to solving social and economic inequalities. There is a huge opportunity in terms of using technology to increase demand for services, education and participation given the accelerated development of digital health tools. For example, mobile applications and telehealth platforms can help provide care for the neglected populations because geographic and economical barriers cannot be easily surpassed.
In addition, the application of technology is a powerful tool for community mobilization and encouraging supporting involving SDOH. Web allows community organizations to reach people and help them find the necessary support and informative resources concerning healthy lifestyles. Technology can be used effectively to support development of new strategies to address these problems and enable patient activation agenda with a view of influencing systems and processes for better population health in various communities.
Social Determinants of Health Market Segment Analysis:
Social Determinants of Health Market Segmented on the basis of type, application, end user and region.
By Type, Social Context segment is expected to dominate the market during the forecast period
The Social Determinants of Health market can be broadly categorized into the following categories; Economic Stability, Food insecurity, Social setting, Environment, Education and Healthcare. Economic stability also fun and enhances the chances of the individual gaining those basic needs, and hence, quality health. When people are not employed or if their employment is insecure causing job or income insecurity they might not be able to afford to seek treatment, buy healthy foods or afford decent housing that will make them healthier.
Hunger is another main determinant of health since people need proper nutrition foods in order to maintain their health. Food insecure people are vulnerable to develop chronic diseases including obesity, diabetes and heart diseases. Social context encompasses such factors as family and friends and plays a major role in other health related aspects. These different features of social determinants can also be said to be foundational in addressing layers and complexity in designing effective measures for enhancing health and health equity.
By Application, Person-matching segment expected to held the largest share
The tasks of user authentication and authorization remain significant to maintain privacy and security of the health information and to provide the citizens with the ability to access their data securely. With the enhancement of the health care system online, security mechanisms to secure the patients’ data become fundamental.
Also important for person-cantered care and management, there would be applications for matching people to intake specialists and for managing consent based on the people’s social and economic standing. Such a subtle ‘fit,’ between individuals and SDOH resources can ultimately help stakeholders increase the impact of the SDOH activities. Privacy has been a significant concern as the forefront of technological advancement, and it cannot be ignored to support the acknowledgement and participation for patient SDOH programs.
Social Determinants of Health Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America is projected to hold a lion’s share in the global Social Determinants of Health due to the advanced healthcare system and rising awareness regarding social Justice in health. The United States and Canada can be considered as leading countries in explicit consideration of social determinants of health and their outcomes, pursuing certain activities in this regard. Many public health agencies and health care systems of this region are more involved in bringing programs that address the social determinants of health inequalities.
However, the availability of superior data analysis expertise and electronically driven options in North America also contributes to the development of the SDOH market. Companies in this region are using information technologies to obtain information, understand health patterns, and apply scientific practices. As the market in North America stays focused on health equity issues and the determinants of health, it remains well positioned to forge ahead in this market.
Active Key Players in the Social Determinants of Health Market:
Aetna Inc. (USA)
Anthem, Inc. (USA)
Blue Cross Blue Shield Association (USA)
Bristol Myers Squibb (USA)
Cigna Corporation (USA)
CVS Health Corporation (USA)
Johnson & Johnson (USA)
Kaiser Permanente (USA)
McKesson Corporation (USA)
Merck & Co., Inc. (USA)
Pfizer Inc. (USA)
UnitedHealth Group (USA)
Other Active Players
Key Industry Developments in the Social Determinants of Health Market:
On August 2023, UnitedHealthcare a healthcare company grant US$ 11.1 million funding which falls under UnitedHealthcare’s Empowering Health program, aims to help improve the healthcare options of individuals living in underserved communities by addressing the social determinants of health
On March 2023, Bristol Myers Squibb a pharmaceutical company granted US$ 10 million funding in 2023 to 17 U.S. organizations focused on addressing social determinants of health. This funding used by organizations focused on addressing social determinants of health including healthcare access and literacy to help close gaps and increase access to healthcare.
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Social Determinants of Health Market by Type
4.1 Social Determinants of Health Market Snapshot and Growth Engine
4.2 Social Determinants of Health Market Overview
4.3 Economic Stability
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Economic Stability: Geographic Segmentation Analysis
4.4 Food Insecurity
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Food Insecurity: Geographic Segmentation Analysis
4.5 Social Context
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Social Context: Geographic Segmentation Analysis
4.6 Environment
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Environment: Geographic Segmentation Analysis
4.7 Education
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Education: Geographic Segmentation Analysis
4.8 Healthcare Systems)
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 Healthcare Systems): Geographic Segmentation Analysis
4.9
4.9.1 Introduction and Market Overview
4.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.9.3 Key Market Trends, Growth Factors and Opportunities
4.9.4 : Geographic Segmentation Analysis
Chapter 5: Social Determinants of Health Market by Application
5.1 Social Determinants of Health Market Snapshot and Growth Engine
5.2 Social Determinants of Health Market Overview
5.3 Authentication
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Authentication: Geographic Segmentation Analysis
5.4 Authorization
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Authorization: Geographic Segmentation Analysis
5.5 Person-matching
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Person-matching: Geographic Segmentation Analysis
5.6 Consent management
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Consent management: Geographic Segmentation Analysis
5.7 Privacy)
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Privacy): Geographic Segmentation Analysis
5.8
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 : Geographic Segmentation Analysis
Chapter 6: Social Determinants of Health Market by End User
6.1 Social Determinants of Health Market Snapshot and Growth Engine
6.2 Social Determinants of Health Market Overview
6.3 Payers
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Payers: Geographic Segmentation Analysis
6.4 Providers)
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Providers) : Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Social Determinants of Health Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 UNITEDHEALTH GROUP (USA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 ANTHEM INC. (USA)
7.4 CIGNA CORPORATION (USA)
7.5 KAISER PERMANENTE (USA)
7.6 MCKESSON CORPORATION (USA)
7.7 CVS HEALTH CORPORATION (USA)
7.8 AETNA INC. (USA)
7.9 BLUE CROSS BLUE SHIELD ASSOCIATION (USA)
7.10 BRISTOL MYERS SQUIBB (USA)
7.11 OTHER ACTIVE PLAYERS
Chapter 8: Global Social Determinants of Health Market By Region
8.1 Overview
8.2. North America Social Determinants of Health Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Economic Stability
8.2.4.2 Food Insecurity
8.2.4.3 Social Context
8.2.4.4 Environment
8.2.4.5 Education
8.2.4.6 Healthcare Systems)
8.2.4.7
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Authentication
8.2.5.2 Authorization
8.2.5.3 Person-matching
8.2.5.4 Consent management
8.2.5.5 Privacy)
8.2.5.6
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Payers
8.2.6.2 Providers)
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Social Determinants of Health Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Economic Stability
8.3.4.2 Food Insecurity
8.3.4.3 Social Context
8.3.4.4 Environment
8.3.4.5 Education
8.3.4.6 Healthcare Systems)
8.3.4.7
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Authentication
8.3.5.2 Authorization
8.3.5.3 Person-matching
8.3.5.4 Consent management
8.3.5.5 Privacy)
8.3.5.6
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Payers
8.3.6.2 Providers)
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Social Determinants of Health Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Economic Stability
8.4.4.2 Food Insecurity
8.4.4.3 Social Context
8.4.4.4 Environment
8.4.4.5 Education
8.4.4.6 Healthcare Systems)
8.4.4.7
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Authentication
8.4.5.2 Authorization
8.4.5.3 Person-matching
8.4.5.4 Consent management
8.4.5.5 Privacy)
8.4.5.6
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Payers
8.4.6.2 Providers)
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Social Determinants of Health Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Economic Stability
8.5.4.2 Food Insecurity
8.5.4.3 Social Context
8.5.4.4 Environment
8.5.4.5 Education
8.5.4.6 Healthcare Systems)
8.5.4.7
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Authentication
8.5.5.2 Authorization
8.5.5.3 Person-matching
8.5.5.4 Consent management
8.5.5.5 Privacy)
8.5.5.6
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Payers
8.5.6.2 Providers)
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Social Determinants of Health Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Economic Stability
8.6.4.2 Food Insecurity
8.6.4.3 Social Context
8.6.4.4 Environment
8.6.4.5 Education
8.6.4.6 Healthcare Systems)
8.6.4.7
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Authentication
8.6.5.2 Authorization
8.6.5.3 Person-matching
8.6.5.4 Consent management
8.6.5.5 Privacy)
8.6.5.6
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Payers
8.6.6.2 Providers)
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Social Determinants of Health Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Economic Stability
8.7.4.2 Food Insecurity
8.7.4.3 Social Context
8.7.4.4 Environment
8.7.4.5 Education
8.7.4.6 Healthcare Systems)
8.7.4.7
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Authentication
8.7.5.2 Authorization
8.7.5.3 Person-matching
8.7.5.4 Consent management
8.7.5.5 Privacy)
8.7.5.6
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Payers
8.7.6.2 Providers)
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
Q1: What would be the forecast period in the Social Determinants of Health Market research report?
A1: The forecast period in the Social Determinants of Health Market research report is 2024-2032.
Q2: Who are the key players in the Social Determinants of Health Market?
A2: UnitedHealth Group (USA), Anthem, Inc. (USA), Cigna Corporation (USA), Kaiser Permanente (USA), McKesson Corporation (USA), CVS Health Corporation (USA), Aetna Inc. (USA), Blue Cross Blue Shield Association (USA), Bristol Myers Squibb (USA), and Other Active Players.
Q3: What are the segments of the Social Determinants of Health Market?
A3: The Social Determinants of Health Market is segmented into Type, Application, End User and region. By Type, the market is categorized into Economic Stability, Food Insecurity, Social Context, Environment, Education, Healthcare Systems. By Application, the market is categorized into Authentication, Authorization, Person-matching, Consent management, Privacy. By End User, the market is categorized into Payers, Providers. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Russia; Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Q4: What are the Social Determinants of Health Market?
A4: The Social Determinants of Health (SDOH) market is the area of business designed to address the various social and economic aspects that define health standards among humans.
Q5: How big is the Social Determinants of Health Market?
A5: Social Determinants of Health Market Size Was Valued at USD 19.06 Billion in 2023, and is Projected to Reach USD 94.01 Billion by 2032, Growing at a CAGR of 19.40% From 2024-2032.
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