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GLOBAL SOCIAL DETERMINANTS OF HEALTH MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Social Determinants of Health Market, By Type (Economic Stability, Food Insecurity, Social Context, Environment, Education, Healthcare Systems), By Application (Authentication, Authorization, Person-matching, Consent management, Privacy), By End User (Payers, Providers), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : Dec 2023
  • Code : CMI6518
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT

Regional Analysis

Global Social Determinants of Health (SDOH) Market- Regional Insights

  • North America is expected to be the largest market for social determinants of health (SDOH) during the forecast period, accounting for over 35.7% of the market share in 2023. North America has dominated the global social determinants of health market for several years now. The region is home to many leading healthcare organizations and government institutions that are doing pioneering work in addressing social issues impacting public health outcomes. Several large cities in the U.S. and Canada have implemented innovative programs targeting social risk factors like housing, transportation, education, and employment. For example, Cincinnati spent over US$ 1 billion to transform its approach to deal with issues of homelessness, addiction, and mental health in a holistic manner.
  • Asia Pacific is expected to be the second-largest market for social determinants of health (SDOH), accounting for over 25.2% of the market share in 2023. The Asia Pacific region has emerged as the fastest growing market for social determinants of health in recent times. Countries like China, India, Japan, and South Korea are facing new challenges of rapid urbanization, income disparity and aging populations that impact community well-being. Local governments have realized that socioeconomic factors play a large role in diseases like diabetes, respiratory illnesses, and cardiovascular conditions prevalent in Asia Pacific. This has led many provincial administrations to form multi-sectoral partnerships between Nongovernmental organization (NGOs), private hospitals, and urban planners to offer more holistic care by tackling social issues jointly with clinical management of illnesses. For instance, Singapore has reported success through public housing projects integrated with primary healthcare centers and food aid programs for low income residents. The increased focus on preventive healthcare measures determined by social circumstances rather than medical interventions alone is expected to propel further growth of this market across Asia Pacific in the foreseeable future.
  • Europe is expected to be the fastest-growing market for social determinants of health (SDOH), with a share of 19% during the forecast period. The growth of the market in Europe is due to the increasing majority of European countries have well-established universal healthcare systems that provide comprehensive medical coverage to their citizens. For example, according to Eurostat, in 2019 over 75% of health expenditure across the EU was publicly funded through taxes or compulsory social health insurance.
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa 

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