U.S. Social Determinants of Health (SDOH) Market – Industry Trends and Forecast to 2030

U.S. Social Determinants of Health (SDOH) Market Analysis and Insights   

Rising awareness regarding social determinants of health (SDOH) and growing prevalence of health inequalities and disparities in the U.S. provide market with a lucrative growth. Along with this, Influence of SDOH in improving the overall health of a wider population are also boosting up the SDOH market.

The U.S. social determinants of health (SDOH) market is expected to grow in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 22.9% in the forecast period of 2023 to 2030 and is expected to reach USD 43,984.49 million by 2030 from USD 8,450.54 million in 2022.   

Market Definition of U.S. Social Determinants of Health (SDOH) Market

The social determinants of health (SDH) are the non-medical factors that influence health outcomes. They are the conditions in which people are born, grow, work, live, and age, and the wider set of forces and systems shaping the conditions of daily life. These forces and systems include economic policies and systems, development agendas, social norms, social policies and political systems.

The SDH 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.

The following list provides examples of the social determinants of health, which can influence health equity in positive and negative ways:

• Income and social protection
• Education
• Unemployment and job insecurity
• Working life conditions
• Food insecurity
• Housing, basic amenities and the environment
• Early childhood development
• Social inclusion and non-discrimination
• Structural conflict
• Access to affordable health services of decent quality

Rising awareness regarding social determinants of health (SDOH) and growing prevalence of health inequalities and disparities in the U.S. provide market with a lucrative growth. Along with this, Influence of SDOH in improving the overall health of a wider population are also boosting up the SDOH market.

U.S. Social Determinants of Health (SDOH) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

DRIVERS

RISE IN 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 SDH 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.

GROWING PREVALENCE OF HEALTH INEQUALITIES AND DISPARITIES IN THE U.S.

Health inequities are systematic differences in the health status of different population groups. These inequities have significant social and economic costs both to individuals and societies.

The World Health Organization (WHO) defines the social determinants of health as the conditions in which persons are born, grow, live, work, and age, including the health-care system. According to WHO, the social determinants of health are mostly responsible for health inequities—the unfair and avoidable differences in health status seen within and between countries. The social determinants of health as well as race and ethnicity, sex, sexual orientation, age, and disability all influence health.

OPPORTUNITY

INTEGRATION OF SDOH IN REIMBURSEMENT PLANS FOR HEALTHCARE SERVICES

The evidence concerning how SDOH can shape healthcare has led to a growing recognition that improvements in overall health metrics depend on these determinants. There has been a shift in the health care sector towards value-based payments. The prevention and improved health care outcomes for persons and populations are now incentivized.

The shift in focus from service delivery has introduced an expanded approach to addressing health-related factors. There is increasing interest in the role of the health care sector in mitigating adverse social determinants to achieve equitable health outcomes.

RESTRAINTS/CHALLENGES

LACK OF GOVERMENT INITIATIVES FOR HEALTH CARE SERVICES

With growing health demands from new and emerging pathogens, aging populations, climate shocks, and increasing conflict and migration, the ever-increasing demand for health workers needs greater coordinated attention and action. A comprehensive, trained, protected, well-equipped, and supported workforce is foundational to expanding equitable access to public health services and health care across the globe.  Investments in health workers not only improve health outcomes, they create jobs and career pathways and economic development by strengthening human capital as part of the care economy.

Thus due to ever increasing diseases and infections and other socio-economic problems it is necessary for the establishment of proper healthcare services by government to provide required funding for the research and development activities in healthcare system.

REQUIREMENT OF A FUNDAMENTAL AND STRUCTURED HEALTH SYSTEM INTEGRATION

To successfully implement an SDOH program, payers, providers, community-based organizations, and all other stakeholders must work together. There is a need to deploy multi-stakeholder collaboration strategies. However, many programs lack the necessary partnerships, experience, and infrastructure.

The favorable outcome of an SDOH strategy depends on the targeted community's response. Although the awareness regarding SDOH has been consistently rising, the concept is at an early stage in terms of deployment.

Recent Developments

• In January, Innovaccer Inc. announced today that UpStream Healthcare, one of the fastest-growing value-based primary healthcare provider solutions in the country, has entered into a multi-year partnership agreement to more than double its population on Innovaccer's cloud-native platform over the next year, and will use it to scale UpStream's unique value-based care model nationwide. This has helped the company to get established globally.
• In February, Lightbeam Health Solutions, the leader in population health management solutions and services, announces their partnership with the University of Wisconsin–Madison Centre for Health Disparities Research, by which their ADI (Area Deprivation Index) data will be incorporated into the Lightbeam application. This has helped the company to expand globally.

U.S. Social Determinants of Health (SDOH) Market Scope  

U.S. social determinants of health (SDOH) market is segmented into type, data type, application, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

TYPE 

• Economic Stability
• Food Insecurity
• Social Support
• Healthcare Systems
• Education
• Neighborhood and Built Environment

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, neighborhood and built environment.

DATA TYPE

• Publicly Available Data
• Z Codes

On the basis of data type, the U.S. social determinants of health (SDOH) market is segmented into publicly available data and z codes.

APPLICATION

• Authentication
• Authorization
• Person-Matching
• Consent Management
• Privacy/Security Constraint Policy Management

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.

END USER

• Payers
• Providers
• Community-Based Organizations
• Others

On the basis of end user, the U.S. social determinants of health (SDOH) market is segmented into payers, providers, community-based oragnizations and others.

U.S. Social Determinants of Health (SDOH) Market Analysis/Insights

The U.S. social determinants of health (SDOH) market is analyzed, and market size insights and trends are provided by country, type, data type, application, and end user as referenced above.

The country covered in this market report U.S.

In 2023, economic stability segment is dominating the U.S. social determinants of health (SDOH) market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to rising awareness regarding SDOH.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Global brands and their challenges faced due to competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Social Determinants of Health (SDOH) Market Share Analysis

The social determinants of health (SDOH) 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).

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.

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