Global Social Determinants of Health Market Size and Trends

The global social determinants of health (SDOH) market size is expected to reach US$ 18.06 Bn by 2030, from US$ 5.57 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 18.3% during the forecast period.

Global Social Determinants of Health (SDOH) Market - Trends

Addressing social needs as clinical prevention: Social risk screening is becoming an important trend in the social determinants of health market. Many public and private organizations are now recognizing that factors outside of clinical care like economic stability, education, social relationships, and neighborhood conditions play a significant role in individual and community health outcomes. As a result, there is a growing need to identify and understand people's social risks to better address their health needs.

Several healthcare providers and payers have started implementing social risk screening protocols to collect more holistic information from patients beyond just medical data. For example, health insurers like Medicaid plans in some states are now routinely screening for social risks like inadequate housing, food insecurity, transportation difficulties and inter-personal violence during enrollment or periodic re-assessment. The collected data helps them identify the most vulnerable sub-groups and direct resources like care management, community health workers, benefit navigators, etc. to those with highest social needs. It allows targeting non-medical interventions that can have meaningful impact on people's health behaviors and conditions over the long-run.

Social need resources integration: Social need resources integration is a growing trend that is significantly impacting the social determinants of health market. The shift towards social need resources integration is reshaping business opportunities and demand within the social determinants sector. Organizations providing services must adapt to collaborate more effectively with partners from other domains. This requires investments in new IT systems, staff training, and organizational cultural change. There is also growing demand for third parties that can facilitate resource and data sharing across agency boundaries. For example, a 2021 report from the United States Department of Health and Human Services found that 59% of state and local health departments were utilizing new partner engagement platforms to connect citizens to integrated social services. This trend is likely to further increase the importance of solutions that bridge traditionally separate sectors.