In November 2020, according to the article published in American Diabetes Association, In the presence of concurrent pandemic and racial injustice events in the U.S., the American College of Physicians, American Academy of Pediatrics, Society of General Internal Medicine, National Academy of Medicine, and other professional organizations have published statements on SDOH and calls to action focus on amelioration of these determinants at individual, organizational, and policy levels.
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Data Bridge Market Research analyses that the U.S. Social Determinants of Health (SDOH) Market is expected to grow at a CAGR of 22.9% in the forecast period of 2023 to 2030 and is expected to reach 43,984.49 million by 2030 from USD 8,450.54 million in 2022. The economic stability segment is projected to propel the growth of the market as they are widely used for diagnosis in various regions.
Key Findings of the Study
Rising awareness regarding social determinants of health (SDOH)
The social determinants of health (SDOH) refer to the economic and social conditions that influence individual and community differences in health status. There has been increased recognition across the U.S. that for improving health, a broader set of approaches is required to address social, economic, and environmental factors that affect health. The government has realized that addressing social determinants of health is important for improving health and reducing the disparities in the health and health care system.
The SDOH have an important influence on health inequities - the unfair and avoidable differences in health status seen within and between countries. In countries at all levels of income, health and illness follow a social gradient: the lower the socioeconomic position, the worse the health.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Type (Economic Stability, Food Insecurity, Social Support, Healthcare Systems, Education, Neighborhood and Built Environment), Data Type (Publicly Available Data, and Z Codes), Application (Authentication, Authorization, Person-Matching, Consent Management, and Privacy/Security Constraint Policy Management), End User (Payers, Providers, Community-Based Organizations, and Others).
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Countries Covered
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U.S.
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Market Players Covered
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Centene Corporation (Missouri.), Optum, Inc.(Minnesota), Oracle (Texas.), Cardinal Health (Dublin), Allscripts Healthcare, LLC and/or its affiliates (Illinois), Lumeris (Missouri), Signify Health, Inc.(Texas.), Medecision (Texas), Health Catalyst (Utah), Unite Us (New York), Cedar Gate Technologies (Connecticut), NXGN Management, LLC.(New York), arcadia.io | HEDIS, Orion Health group of companies (New Zealand), WellSky (Kansa), ExlService Holdings, Inc. and Affiliates (New York), Innovaccer, Inc. (California), NowPow (Illinois), HealthEC, LLC (New Jersey), i2i (Tennessee), FinThrive (Georgia), Lighbeam (Texas), Cancer IQ (Illinois), and N1 Health (Boston).
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The U.S. social determinants of health (SDOH) market is segmented on the basis of type, data type, application and end user.
On the basis of type, the U.S. social determinants of health (SDOH) market is segmented into economic stability, food insecurity, social support, healthcare systems, education, neighbourhood and built environment. In 2023, economic stability segment is expected to dominate the market with 31.49% market share due to growing prevalence of health inequalities and disparities in the U.S.
On the basis of data type, the U.S. social determinants of health (SDOH) market is segmented into publicly available data and z codes. In 2023, publicly available data segment is expected to dominate the market with 69.39% market share due to the influence of SDOH in improving the overall health of a wider population.
On the basis of application, the U.S. social determinants of health (SDOH) market is segmented into authentication, authorization, person-matching, consent management, privacy/security constraint policy management. In 2023, authentication segment is expected to dominate the market with 33.46% market share due to rising awareness regarding social determinants of health (SDOH).
On the basis of end user, the U.S. social determinants of health (SDOH) market is segmented into payers, providers, community-based organizations and others. In 2023, payers segment is expected to dominate the market with 36.89% market share due to due to the Integration of SDOH in reimbursement plans for healthcare services.
Major Players
Data Bridge Market Research recognizes the following companies as the major vaccines market players in Asia Pacific vaccines market are The major companies which are dealing in the market are Centene Corporation, Optum, Inc., Oracle, Cardinal Health, Allscripts Healthcare, LLC and/or its affiliates, Lumeris, Signify Health, Inc., Medecision, Health Catalyst, Unite Us, Cedar Gate Technologies, NXGN Management, LLC. , arcadia.io | HEDIS, Orion Health group of companies, WellSky, ExlService Holdings, Inc. and Affiliates, Innovaccer, Inc., NowPow, HealthEC, LLC, i2i, FinThrive, Lighbeam, Cancer IQ, N1 Health among others.
Market Development
- In December, Paralyzed Veterans of America – the nation's premier non-profit of choice for disabled veterans, their families, and caregivers, today announced a partnership with Unite Us. Headquartered in New York City, this outcome-focused technology company builds coordinated care networks of health and social service providers across 46 states. As part of the partnership, Unite Us will help PVA's Veterans Career Program clients, who include transitioning service members, veterans, military spouses, and caregivers, connect with the essential resources they need, like housing, transportation, mental health, income, and more. This partnership has helped the company to improve its healthcare services.
- In October, FinThrive, Inc., a healthcare revenue management software-as-a-service (SaaS) provider with the industry's most comprehensive end-to-end platform, announced at the Becker's Health IT, Digital Health and RCM Annual Meeting the introduction of new intelligent automation capabilities within its insurance discovery solution to alleviate critical staffing shortages for hospitals and health systems.
- In July, Idaho Health Data Exchange (IHDE), Idaho’s state-wide designated health information exchange (HIE), is partnering with Orion Health, a leading global provider of population health management solutions, to migrate IHDE to Orion Health’s state-of-the-art, next generation HIE platform. This has helped the company to expand globally.
- In January, Owensboro Health and Optum today announced a partnership to enhance patient care and experience while meeting the community’s evolving health care needs. Through the partnership, Owensboro Health revenue cycle management operations and information technology services will become part of Optum, providing new opportunities for team member growth and career advancement. This has helped the company to expand globally.
Regional Analysis
Geographically, the country covered in the U.S. social determinants of health (SDOH) market report is U.S.
COVID-19 Impact Analysis
COVID‐19 pandemic exerted negative shifts in SDOH and cardiovascular risk factors, such as, smoking, body mass index, physical activity, dietary behaviour, cholesterol, blood pressure, and blood sugar. Evidence suggests that unemployment and food insecurity have increased, whereas health care access and income have decreased; changes to SDOH have resulted in increases in loneliness and processed food consumption, as well as decreases in physical activity and hypertension management.
For more detailed information about the SDOH market report, click here – https://www.databridgemarketresearch.com/reports/us-social-determinants-of-health-sdoh-market
