Social Determinants of Health Industry: Unraveling Global Health Inequalities A Closer Look at Social Determinants

Global Social Determinants of Health of person's socioeconomic status has a profound impact on their health and life expectancy. Income and wealth are strongly correlated with health - people with higher incomes live longer and have lower rates of physical and mental illness. Poverty restricts access to healthy foods, safe living conditions, healthcare services, education opportunities, and other health-promoting resources. This produces poor health and perpetuates an intergenerational cycle of disease and disadvantage.

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The Growing Social Determinants of Health Market is Driven by Rising Healthcare Costs

The global Social Determinants of Health market is estimated to be valued at US$ 5.57 billion in 2023 and is expected to exhibit a CAGR of 18.3% over the forecast period 2023-2030.

Global Social Determinants of Health Market Size is increasing adoption of social determinants of health strategies among healthcare systems and payers as they recognize the impact of non-medical factors on overall population health outcomes. Using social risk data can help identify high-cost, high-need patients and deploy targeted interventions.

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