Global Healthcare Data Annotation Tools Market Size, Trends & Growth Opportunity, By Type (Text, Image/Video, Audio), By Technology (Manual, Semi-supervised, Automatic), By Application (Pharmaceutical & Biopharmaceutical Virtual Assistants, Conversational Bots, Diagnostic Support, Drug Development Process, Robotic Surgery, Medical Documents) By Region and Forecast till 2030.
Global Healthcare Data Annotation Tools Market
The global Healthcare Data Annotation Tools market was valued at USD 168.2 million in 2022 which expected to reach USD 916.8 million by 2030 at a CAGR 23.44 % from 2023-2030.
Data annotation technologies in the healthcare sector are redefining diagnosis, treatment, and patient monitoring by considerably boosting healthcare research and outcomes by creating precise diagnosis and enabling enhanced individualized treatments. These tools assist healthcare workers in promptly identifying illness signs by evaluating enormous amounts of clinical material.
Market Drivers
Specialized annotation teams label essential structures in millions of frames of surgical footage in order to execute computer vision-driven autonomous robotic surgery, enabling safer and better treatments. As a result, increased applications of these tools and expanding use of AI/ML technologies in the healthcare sector are fueling the market.
Market Opportunity
Many industry participants are providing technologically sophisticated instruments to address the market's untapped opportunities. For example, CloudFactory announced Rapid Annotation in January 2023, a Vision AI product that combines industry-leading AI-assisted labelling technology with CloudFactory's workforce to generate high-quality labelled data five times faster than manual labelling.
Impact of COVID-19
These bioprocessing devices, which come in sizes ranging from a few millilitres to 5-10 L, are often utilised for small-scale Typeion. Due to the unexpected spike in COVID-19 cases, the COVID-19 pandemic has seen an increase in demand. Due to various companies increasing their facilities to conduct research and development for COVID-19 vaccines, small-scale bioreactor sales dramatically rose in 2020 and 2021. Additionally, it is anticipated that during the forecast period, Type sales will expand as a result of global immunisation efforts and increased demand.
Market Segmentation
The Global Healthcare Data Annotation Tools Market is segmented into Type, Technology, Distribution Channel and Growing System. By Type such as Text, Image/Video, Audio. By Technology such as Manual, Semi-supervised, Automatic. By Application such as Virtual Assistants, Conversational Bots, Diagnostic Support, Drug Development Process, Robotic Surgery, Medical Documents.
Regional Analysis
Global Healthcare Data Annotation Tools Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Healthcare Data Annotation Tools market in North America is expected to grow at the fastest CAGR. The substantial percentage can be linked to the high cost of healthcare, as well as the growing acceptance of new technologies such as AI, machine learning, big data, cloud, and IOT. Furthermore, as a result of COVID-19, greater use of mHealth, e-prescribing, telemedicine, and other healthcare IT technologies, as well as increased government support and demand for sophisticated AI/ML solutions in healthcare, are the major growth factors driving the market. Furthermore, the region is seeing a considerable increase in the implementation of electronic health records. According to Health IT reports till 2021, roughly 9 out of 10 physicians in the United States have used EHR. As a result, high adoption rates play an important role in driving market growth in North America.
Key Players
Various key players are listed in this report such as Infosys Limited, Shaip, Innodata, Ango AI, Capestart, Lynxcare, iMerit, SuperAnnotate LLC,
Market Taxonomy
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
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Healthcare Data Annotation Tools Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Healthcare Data Annotation Tools Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Healthcare Data Annotation Tools Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Healthcare Data Annotation Tools Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Healthcare Data Annotation Tools Market Share Analysis, By Type
5.3 Global Healthcare Data Annotation Tools Market Size and Forecast, By Type
5.3.1 Text
5.3.2 Image/Video
5.3.3 Audio
6 Global Healthcare Data Annotation Tools Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Healthcare Data Annotation Tools Market Share Analysis, By Technology
6.3 Global Healthcare Data Annotation Tools Market Size and Forecast, By Technology
6.3.1 Manual
6.3.2 Semi-supervised
6.3.3 Automatic
7 Global Healthcare Data Annotation Tools Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Healthcare Data Annotation Tools Market Share Analysis, By Application
7.3 Global Healthcare Data Annotation Tools Market Size and Forecast, By Application
7.3.1 Virtual Assistants
7.3.2 Conversational Bots
7.3.3 Diagnostic Support
7.3.4 Drug Development Process
7.3.5 Robotic Surgery
7.3.6 Medical Documents
8 Global Healthcare Data Annotation Tools Market, By Region
8.1 Global Healthcare Data Annotation Tools Market Share Analysis, By Region
8.2 Global Healthcare Data Annotation Tools Market Share Analysis, By Region
8.3 Global Healthcare Data Annotation Tools Market Size and Forecast, By Region
9 North America Healthcare Data Annotation Tools Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Healthcare Data Annotation Tools Market Share Analysis, By Type
9.3 North America Healthcare Data Annotation Tools Market Size and Forecast, By Technology
9.4 North America Healthcare Data Annotation Tools Market Size and Forecast, By Application
9.6 North America Healthcare Data Annotation Tools Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Healthcare Data Annotation Tools Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Healthcare Data Annotation Tools Market Share Analysis, By Type
10.3 Europe Healthcare Data Annotation Tools Market Size and Forecast, By Technology
10.4 Europe Healthcare Data Annotation Tools Market Size and Forecast, By Application
10.6 Europe Healthcare Data Annotation Tools Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Healthcare Data Annotation Tools Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Healthcare Data Annotation Tools Market Share Analysis, By Type
11.3 Asia Pacific Healthcare Data Annotation Tools Market Size and Forecast, By Technology
11.4 Asia Pacific Healthcare Data Annotation Tools Market Size and Forecast, By Application
11.6 Asia Pacific Healthcare Data Annotation Tools Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Healthcare Data Annotation Tools Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Healthcare Data Annotation Tools Market Share Analysis, By Type
12.3 Latin America Healthcare Data Annotation Tools Market Size and Forecast, By Technology
12.4 Latin America Healthcare Data Annotation Tools Market Size and Forecast, By Application
12.6 Latin America Healthcare Data Annotation Tools Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Healthcare Data Annotation Tools Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Healthcare Data Annotation Tools Market Share Analysis, By Type
13.3 Middle East Healthcare Data Annotation Tools Market Size and Forecast, By Technology
13.4 Middle East Healthcare Data Annotation Tools Market Size and Forecast, By Application
13.6 Middle East Healthcare Data Annotation Tools Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Infosys Limited
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Shaip
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Innodata.
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ango AI
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Capestart
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Lynxcare
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 iMerit
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 SuperAnnotate LLC
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
