by The global social determinants of health market offers technology-driven solutions to address social factors that influence individual and population health outcomes and risks. Social determinants include economic stability, education, social and community context, healthcare system, and neighborhood and built environment. These solutions enable healthcare organizations and public health agencies to screen, stratify, analyze, and intervene on social health issues.
The Global Social Determinants of Health Market is estimated to be valued at US$ 5.57 Billion 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 adoption of value-based healthcare models is driving the demand for social determinants of health solutions. Several governments and private organizations are collaborating to address social needs and expand the reach of public health programs globally.
Market Key Trends
Use of predictive analytics is one of the key trends being observed in the Global Social Determinants Of Health Market Demand Social determinants data is being integrated with clinical and claims data to develop predictive models for early identification of at-risk populations. This enables intervention at the right time and helps manage the overall population health more efficiently. By analyzing various social, behavioral and clinical attributes, organizations can anticipate health outcomes and design targeted programs to influence behaviors and lifestyle changes.
Porter’s Analysis
Threat of new entrants: The Global Social Determinants of Health Market faces high threat of new entrants due to its high growth rate and market size. However, new companies will need substantial initial capital investments and expertise to compete with established players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of several vendors offering similar solutions in the market. However, switching costs are relatively low.
Bargaining power of suppliers: Significant suppliers have low bargaining power due to the availability of a variety of component providers and raw material suppliers in the market.
Threat of new substitutes: Threat from substitutes is low as there are no close substitutes for Social Determinants of Health solutions.
Competitive rivalry: The competitive rivalry in the market is high due to the presence of many domestic and international vendors offering similar solutions. Players compete based on product features and pricing.
Geographical Regions
North America is currently holding the largest share of the global Social Determinants of Health market in terms of value, primarily due to high awareness and healthcare expenditure. According to estimates, the region accounted for over 35% revenue share in 2024.
Asia Pacific is expected to witness the fastest growth over the forecast period, owing to rising healthcare spending, growing population, increasing disease prevalence and improving infrastructure in countries such as India and China. The APAC Social Determinants of Health market is projected to expand at a CAGR of around 21% between 2024 and 2031.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
