Global Healthcare Data Annotation Tools Market Size study & Forecast, by Type (Text, Image/Video, Audio), by Technology (Manual, Semi-supervised, Automatic) by Application (Virtual Assistants, Conversational Bots, Diagnostic Support, Drug Development Proc

Global Healthcare Data Annotation Tools Market Size study & Forecast, by Type (Text, Image/Video, Audio), by Technology (Manual, Semi-supervised, Automatic) by Application (Virtual Assistants, Conversational Bots, Diagnostic Support, Drug Development Process, Robotic Surgery, Medical Documents), and Regional Analysis, 2023-2030

Global Healthcare Data Annotation Tools Market is valued at approximately USD 129.9 million in 2022 and is anticipated to grow with a healthy growth rate of more than 27.50% over the forecast period 2023-2030. Healthcare data annotation tools are software programs or platforms used to annotate and label healthcare data, such as medical images, Electronic Health Records (EHRs), and clinical notes. These tools enable healthcare professionals to identify and label specific pieces of information in the data, such as symptoms, diagnoses, treatments, and patient demographics. Data annotation is an essential step in many healthcare applications, including clinical decision support systems, population health management, and drug discovery. It helps to ensure that healthcare data is accurately labeled and can be analyzed effectively to improve patient outcomes and healthcare delivery. The Healthcare Data Annotation Tools market is expanding because of factors such as rising increasing adoption of electronic health records (EHRs) and growing investment in digital health or related-health-related services.

The benefits of eHealth and telemedicine services, such as simple access to medical care, cost reductions, and advancements in diagnostic and treatment methods, are expected to increase spending on digital health and other health-related services. To help with the development of AI-based digital imaging & radiology products, for instance, Aidoc raised USD 20 million in a Series B fundraising round in September 2020, led by Square Peg Capital. Additionally, it is anticipated that the market would grow in the projected period due to an increase in the number of initiatives promoting eHealth and digital health. For instance, the European Health Data Space Programme was introduced in May 2022 to assist the use of health data to enable improvements in research, creative healthcare delivery, and policymaking. In addition, rising technological advancements and growing investment in the adoption of machine learning and artificial intelligence (ai) in healthcare are creating a lucrative opportunity for market growth. However, the high cost of Healthcare Data Annotation Tools stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Healthcare Data Annotation Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, rising investment in the healthcare industry, and rising technological advancement. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising adoption of ERP systems., rising public-private partnerships for product development, and rising adoption and spending on e-health in the region.

Major market player included in this report are:
Infosys Limited
Shaip.ai Data LLP
Innodata Inc.
Ango AI Inc
Capestart Inc
Lynxcare Inc
iMerit Technology Services Pvt. Ltd.
Anolytics Inc
V7 Technologies Inc
SuperAnnotate AI, Inc.

Recent Developments in the Market:
 In January 2023, CloudFactory announced the launch of Accelerated Annotation. Accelerated Annotation, a Vision AI product from CloudFactory, combines industry-leading AI-assisted labelling technology with CloudFactory's workforce to produce high-quality labelled data five times faster than manual labelling.
 In October 2022, Google released the Medical Imaging Suite tools to enable automated picture labelling using AI-assisted annotation and the creation of training datasets. The Medical Imaging Suite helps diagnose conditions more quickly and accurately than human clinicians while lessening the burden on radiologists.

Global Healthcare Data Annotation Tools Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Type, Technology, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Typeofferings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Text
Image/Video
Audio

By Technology:
Manual
Semi-supervised
Automatic

By Application:
Virtual Assistants
Conversational Bots
Diagnostic Support
Drug Development Process
Robotic Surgery
Medical Documents

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned

Infosys Limited
Shaip.ai Data LLP
Innodata Inc.
Ango AI Inc
Capestart Inc
Lynxcare Inc
iMerit Technology Services Pvt. Ltd.
Anolytics Inc
V7 Technologies Inc
SuperAnnotate AI, Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.