The global social determinants of health market comprises solutions that help identify, analyze, and monitor social-economic determinants that impact healthcare outcomes. Social determinants encompass factors like education, employment, economic status, access to resources, environment, and community-level attributes. Social determinants significantly influence morbidity and mortality. Analyzing social risk factors allows health systems to intervene, manage cases effectively, and improve population health. Social determinant insights are being increasingly integrated into clinical workflows to provide a more holistic view of a patient's situation and determinant-informed care plans. Social determinants data from electronic health records, health surveys, and public databases is aggregated on cloud platforms to generate easy-to-understand risk scores and metrics.
The Global Social Determinants of Health Market is estimated to be valued at US$ 5.57 BN in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the global social determinants of health market are Healthify, Innovaccer Inc., Interpreta, Lightbeam, Lumeris, Medecision, NowPow, Optum, Orion Health, Signify Health, Arcadia Group, Cancer IQ, Cerner Corporation, Enli Health Intelligence, Geneia LLC, Health Catalyst, and HealthEC, LLC.
The growing demand for value-based care is driving the incorporation of social determinant insights into healthcare delivery. Reimbursement models are shifting from fee-for-service to quality and outcome-based frameworks. Addressing social needs can help lower healthcare costs and improve health outcomes. This is encouraging health systems, payers, and providers to invest in social determinant solutions.
Supported by strategic partnerships and acquisitions, leading Global Social Determinants Of Health Market Demand vendors are expanding their presence globally. As countries aim to strengthen primary care infrastructure and reform their delivery models, international markets present significant opportunities for social determinant solution providers over the next decade.
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