U.S. Social Determinants of Health (SDOH) Market to Observe Utmost CAGR of 22.9% by 2030
U.S. Social Determinants of Health (SDOH) Market research report is an ideal guide to attain an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behavior. By maintaining quality and transparency strictly, research studies are carried out which offers an outstanding market research report for niche. This global business document is a wide-ranging and object-oriented which is framed after the combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology. U.S. Social Determinants of Health (SDOH) Market report describes the categorization by companies, region, type and end-use industry.
To thrive in this competitive market place, U.S. Social Determinants of Health (SDOH) Market research report plays a vital role which gives important and meaningful market insights for the business. This large scale report is valuable for both regular and emerging market player in the industry and provides in-depth market insights. This industry report contains a comprehensive data of market definition, classifications, applications, engagements, market drivers and market restraints all of which obtained from SWOT analysis. The data and information in U.S. Social Determinants of Health (SDOH) Market report have been derived from the reliable sources and include websites, annual reports of the companies, journals, and mergers which have been again checked and validated by the market experts.
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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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.
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 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)
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.
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
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.
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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.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE U.S. SOCIAL DETERMINANTS OF HEALTH (SDOH) MARKET
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELLING
2.7 PRODUCT TYPE LIFELINE CURVE
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.9 DBMR MARKET POSITION GRID
2.1 MARKET END USER COVERAGE GRID
2.11 VENDOR SHARE ANALYSIS
2.12 SECONDARY SOURCES
2.13 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PESTEL ANALYSIS
4.2 PORTER’S FIVE FORCES MODEL
5 U.S. SOCIAL DETERMINANTS OF HEALTH (SDOH) MARKET, REGULATIONS
5.1 REGULATORY SCENARIO IN THE U.S
6 MARKET OVERVIEW
6.1 DRIVERS
6.1.1 RISE IN AWARENESS REGARDING SOCIAL DETERMINANTS OF HEALTH (SDOH)
6.1.2 GROWING PREVALENCE OF HEALTH INEQUALITIES AND DISPARITIES IN THE U.S.
6.1.3 INFLUENCE OF SDOH ON IMPROVING THE OVERALL HEALTH OF A WIDER POPULATION
6.2 RESTRAINTS
6.2.1 REQUIREMENT OF A FUNDAMENTAL AND STRUCTURED HEALTH SYSTEM INTEGRATION
6.2.2 RISING SECURITY AND PRIVACY CONCERNS
6.3 OPPORTUNITIES
6.3.1 INTEGRATION OF SDOH IN REIMBURSEMENT PLANS FOR HEALTHCARE SERVICES
6.3.2 INCREASING TECHNOLOGICAL ADVANCEMENTS IN SDOH
6.4 CHALLENGES
6.4.1 LACK OF GOVERNMENT INITIATIVES FOR HEALTHCARE SERVICES
7 U.S. SOCIAL DETERMINANTS OF HEALTH (SDOH) MARKET, BY TYPE
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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