Social Determinants of Health Market Tackles Disparities Food Access to Health Access Safe Homes, Healthy Lives

Social Determinants of the Health Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Social Determinants of the Health Market - (By Type (Economic Stability, Food Insecurity, Social Context, Environment, Education, Healthcare Systems), Application (Authentication, Authorization, Person-matching, Consent Management, Privacy), End-User (Payers, Providers)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Social Determinants of the Health Market is valued at US$ 5.61 Bn in 2023, and it is expected to reach US$ 19.83 Bn by 2031, with a CAGR of 17.39% during the forecast period of 2024-2031.

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/2359

Social Determinants of Health Market: Addressing Disparities Drives Growth
The social determinants of health (SDOH) market is experiencing rapid growth. These are the social factors that significantly influence health outcomes, including circumstances surrounding birth, upbringing, employment, residence, and aging. They encompass the broader societal structures and forces that shape our lives.

SDOH play a major role in health inequalities and disparities. For example, lack of access to healthy food options can hinder healthy eating habits. This, in turn, increases the risk of obesity, diabetes, cardiovascular disease, and even shortens lifespans when compared to individuals with access to nutritious food.

The rising awareness of SDOH and the persistent presence of health disparities are fueling significant growth in this market. As societies recognize the impact of social factors on health, addressing these determinants becomes a priority. This creates opportunities for businesses and organizations that offer solutions to bridge health gaps and improve overall population health.

List of Prominent Players in the Social Determinants of the Health Market

• Medecision
• NowPow
• Optum
• Orion Health
• Signify Health
• TransUnion Healthcare
• Arcadia Group
• Cancer IQ
• Cerner Corporation
• Color
• Enli Health Intelligence
• Geneia LLC
• Health Catalyst
• HealthEC
• Healthify (WellSky)
• Innovaccer Inc.
• Interpreta
• Lightbeam. Lumeris

Market Dynamics:
Drivers-
The rise in awareness about social determinants of health is the major driver for the market growth. In comparison to factors such as heredity, behavior, and medical care, social determinants of health have been shown to have a more substantial effect on individual and population health. Awareness is spreading among people, and it is driving the market. This is driving the market growth rate.

Government investments in social determinants of health have been examined as another driver for market growth.The market is additionally impacted by the federal government's augmentation of funding aimed at promoting the adoption of these solutions, as it benefits both consumers and economic stability.

Furthermore, the social determinants of health (SDOH) market is positively impacted by health care expenditure growth, infrastructure advancements, and increased demand for expanded care delivery. With growing emphasis on such monitoring activities globally, it is anticipated that the social determinants of the health market will be included. Research funding for the treatment has significantly contributed to the growth of the Social Determinants of Health market in recent years.

Challenges:
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. Furthermore, some providers are concerned about higher healthcare costs because of the complexity of adding new data to clinical protocols, and this is projected to challenge the social determinants of health (SDOH) market.

Regional Trends:
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. For a number of years now, North America has led the worldwide market for socioeconomic determinants of health. Numerous top government agencies and healthcare organisations that are tackling social

issues that have an influence on public health outcomes are based in the region and are performing innovative work in this area. A number of major American and Canadian communities have launched creative initiatives aimed at addressing social risk factors such as housing, work, education, and transportation.

Curious About This Latest Version Of The Report? Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/2359

Recent Developments:

• In Aug 2021, The integration of Cerner EHR utilized health IT to identify social determinants of health (SDOH) factors. Cerner's most recent electronic health record (EHR) integration employed health information technology (IT) to identify social determinants of health risk factors and suggested possibilities for healthcare providers to intervene.

• In Sept 2022, WellSky, a prominent healthcare and community care technology business, has announced its substantial involvement in the nationwide initiative to enhance access to and streamline the sharing of social determinants of health (SDoH) information across various care settings. Later that day, WellSky's dedication was acknowledged at the White House Conference on Hunger, Health as well as Nutrition.

Segmentation of Social Determinants of the Health Market -
By Type-
• Economic Stability
• Food Insecurity
• Social Context
• Environment
• Education
• Healthcare Systems

By Application-
• Authentication
• Authorization
• Person-matching
• Consent Management
• Privacy

By End-user
• Payers
• Providers

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

For More Customization @ https://www.insightaceanalytic.com/report/social-determinants-of-the-health-market/2359

Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

This release was published on openPR.