Navigating Market Trends: Addressing Social Determinants of Health Market for Improved Outcomes
The recognition of social determinants of health (SDOH) as critical influencers of health outcomes has prompted healthcare stakeholders to explore innovative approaches to address these factors. Understanding market trends in SDOH interventions is essential for shaping effective strategies that promote health equity and improve population health.
The global social determinants of health (SDOH) market size is expected to reach US$ 18.06 Bn by 2031, from US$ 5.57 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 18.3% during the forecast period.
Integration of SDOH into Healthcare Delivery:
Healthcare providers are increasingly integrating Global Social Determinants Of Health Market Trends assessments into clinical workflows to better understand patients' social needs and tailor care plans accordingly. Electronic health record (EHR) systems equipped with SDOH screening tools enable providers to identify at-risk populations and connect patients with community resources for support with housing, food insecurity, transportation, and other social needs.
Expanding Role of Technology:
Technology plays a pivotal role in addressing SDOH by facilitating data-driven insights, remote patient monitoring, and telehealth interventions. Advanced analytics platforms leverage data from various sources, including EHRs, social services databases, and wearable devices, to identify patterns and trends related to social determinants, enabling targeted interventions and predictive modeling to improve health outcomes.
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