North America Healthcare Data Annotation Tools Market Size & Outlook
North America Healthcare Data Annotation Tools Market, 2017-2030 (US$M)
Global Market
Related Markets
North America healthcare data annotation tools market highlights
- The North America healthcare data annotation tools market generated a revenue of USD 72.9 million in 2023.
- The market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
- In terms of segment, image/video was the largest revenue generating type in 2023.
- Image/Video is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 72.9 million |
| Market revenue in 2030 | USD 377.5 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Image/video |
| Fastest growing segment | Image/Video |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Text, Image/Video, Audio |
| Key market players worldwide | Infosys Ltd ADR, Innodata Inc, Appen Ltd, Shaip, Ango AI, CapeStart, LynxCare, iMerit, Anolytics, V7, SuperAnnotate |
Other key industry trends
- In terms of revenue, North America region accounted for 43.5% of the global healthcare data annotation tools market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 211.1 million by 2030.
The growing use of advanced technologies such as artificial intelligence (AI), machine learning (ML), big data, cloud computing, and the Internet of Things (IoT) might be related to the rising expense of healthcare.
Rising government support and demands for advanced AI/ML solutions in healthcare, as well as growing usage of telehealth, e-prescribing, mHealth, and other healthcare IT technologies in response to COVID-19, are the key growth factors for the industry.
The healthcare sector is gaining popularity with data annotation technologies that offer interpretability capabilities like recording the justification for annotations and creating explanations.
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Healthcare Data Annotation Tools Market Scope
Healthcare Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Infosys Ltd ADR | View profile | 322,663 | 44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, India, 560 100 | www.infosys.com |
| Appen Ltd | View profile | 1,037 | 9 Help Street, Level 6, Chatswood, Sydney, NSW, Australia, 2067 | www.appen.com |
| Innodata Inc | View profile | 4,325 | 55 Challenger Road, Ridgefield Park, NJ, United States, 07660 | www.innodata.com |
| iMerit | View profile | 5001-10000 | San Jose, California, United States, North America | imerit.net/ |
| Shaip | View profile | 251-500 | Louisville, Kentucky, United States, North America | www.shaip.com |
| Ango AI | View profile | 11-50 | San Francisco, California, United States, North America | ango.ai/ |
| CapeStart | View profile | 11-50 | Cambridge, Massachusetts, United States, North America | www.capestart.com/ |
| LynxCare | View profile | 11-50 | Leuven, Vlaams-Brabant, Belgium, Europe | lynx.care/ |
| Anolytics | View profile | 1001-5000 | Levittown, New York, United States, North America | www.anolytics.ai/ |
| V7 | View profile | 101-250 | London, England, United Kingdom, Europe | www.v7labs.com |
North America Healthcare Data Annotation Tools Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Healthcare Data Annotation Tools Market Outlook will help companies and investors design strategic landscapes.
Image/Video was the largest segment with a revenue share of 60.63% in 2023.
Horizon Databook has segmented the North America healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
The growing use of advanced technologies such as artificial intelligence (AI), machine learning (ML), big data, cloud computing, and the Internet of Things (IoT) might be related to the rising expense of healthcare.
Rising government support and demands for advanced AI/ML solutions in healthcare, as well as growing usage of telehealth, e-prescribing, mHealth, and other healthcare IT technologies in response to COVID-19, are the key growth factors for the industry.
The healthcare sector is gaining popularity with data annotation technologies that offer interpretability capabilities like recording the justification for annotations and creating explanations.
- North America Healthcare Data Annotation Tools Market Type Outlook (Revenue, USD Million , 2017-2030)
- Text
- Image/Video
- Audio
- North America Healthcare Data Annotation Tools Market Technology Outlook (Revenue, USD Million , 2017-2030)
- Manual
- Semi-Supervised
- Automatic
- North America Healthcare Data Annotation Tools Market End-user Outlook (Revenue, USD Million , 2017-2030)
- Hospitals
- Diagnostic Imaging Centers
- Healthcare Technology Companies
- Others
- North America Healthcare Data Annotation Tools Market Application Outlook (Revenue, USD Million , 2017-2030)
- Virtual Assistants
- Conversational Bots
- Diagnostic Support
- Drug Development Process
- Robotic Surgery
- Medical Documents
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Healthcare Data Annotation Tools Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Healthcare Data Annotation Tools Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
North America Healthcare Data Annotation Tools Market, 2017-2030 (US$M)
North America healthcare data annotation tools market statistics, by type, 2017-2030 (US$M)
