The Social Determinants of Health Industry: Two Years On
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View abstract on PubMed
Summary
This summary is machine-generated.The social determinants of health (SDOH) industry grew significantly from 2021 to 2023, with funding increasing by 46% and valuation by 74%. This growth is driven by policy changes, data standardization, investment, and better measurement.
Area Of Science
- Health Services Research
- Health Economics
- Public Health Policy
Background
- Social determinants of health (SDOH) remain inadequately addressed by healthcare payers and providers.
- A dedicated for-profit SDOH industry emerged, valued at $18.5 billion with $2.4 billion in funding by July 2021.
Purpose Of The Study
- To analyze the growth of the SDOH industry between 2021 and 2023.
- To provide a comprehensive explanation for the industry's recent development and expansion.
Main Methods
- Analysis of 57 companies within the SDOH industry using a third-party market research platform.
- Examination of industry funding, valuation, and acquisition data over a two-year period (2021-2023).
Main Results
- The SDOH industry experienced substantial growth: 18% of companies were acquired, funding increased by 46% ($1.1 billion), and valuation rose by 74% ($13.7 billion).
- Four key factors contributed to this evolution: favorable healthcare policy, standardization of SDOH data, diverse investment sources, and enhanced intervention measurement.
Conclusions
- The SDOH industry's rapid expansion is supported by policy, data, investment, and measurement advancements.
- Continued growth is anticipated, necessitating stakeholder scrutiny to effectively address widespread SDOH disparities.
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