Overview and Scope
Healthcare data annotation tools are software applications that enable the categorization and labeling of medical data for use in artificial intelligence (AI) applications. These tools are used to enrich data for training and deploying machine learning models in various healthcare applications, such as medical diagnosis and treatment.
Sizing and Forecast
The healthcare data annotation tools market size has grown exponentially in recent years. It will grow from $0.19 billion in 2023 to $0.25 billion in 2024 at a compound annual growth rate (CAGR) of 29.0%. The growth in the historic period can be attributed to clinical trials and drug development, rising awareness of healthcare data quality, increasing volume of healthcare data, rise of artificial intelligence (ai) in healthcare, clinical trials and drug development.
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Segmentation & Regional Insights
The healthcare data annotation tools market covered in this report is segmented –
1) By Type: Text, Image And Video, Audio
2) By Technology: Manual, Semi-Supervised, Automatic
3) By Application: Virtual Assistants, Conversational Bots, Diagnostic Support, Drug Development Process, Robotic Surgery, Medical Documents
4) By End-User: Hospitals, Diagnostic Imaging Centers, Healthcare Technology Companies, Other End-Users
Asia-Pacific was the largest region in the healthcare data annotation tools market in 2023. The regions covered in the healthcare data annotation tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing usage of telehealth is expected to propel the growth of the healthcare data annotation tools market in the coming years. Telehealth refers to the application of electronic information and telecommunication technologies to support long-distance clinical health care, patient and professional health-related education, health administration, and public health. Healthcare data annotation tools are used in telemedicine to accurately identify and categorize medical data, allowing for more effective evaluation, therapy planning, and remote patient monitoring. For instance, in February 2023, according to a survey conducted by Rock Health, a US-based health technology company, in a survey of 8,014 respondents, 76% of people over the age of 55 have used telemedicine, and 80% of all respondents reported having accessed care via telemedicine at some point in their lives, up 8% from 72% in 2021. Therefore, increasing usage of telehealth is driving the healthcare data annotation tools market.
Key Industry Players
Major companies operating in the healthcare data annotation tools market report are Infosys BPM, iMerit Technology, Appen Limited, Scale AI, Hive AI, CloudFactory Limited, Turing, Capestart, Anolytics, Innodata, Cogito Tech LLC, Defined.ai, Shaip, Sama AI, Explorium, Labelbox, Alegion AI, Inc, SuperAnnotate LLC, Label Your Data, Lynxcare, Playment, V7, Trillbit, NetraMark Corp, Keymakr Inc, Dataloop AI, Kotwel, Haidata
The healthcare data annotation tools market report table of contents includes:
1. Executive Summary
2. Healthcare Data Annotation Tools Market Characteristics
3. Healthcare Data Annotation Tools Market Trends And Strategies
4. Healthcare Data Annotation Tools Market – Macro Economic Scenario
5. Global Healthcare Data Annotation Tools Market Size and Growth
…..
32. Global Healthcare Data Annotation Tools Market Competitive Benchmarking
33. Global Healthcare Data Annotation Tools Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthcare Data Annotation Tools Market
35. Healthcare Data Annotation Tools Market Future Outlook and Potential Analysis
36. Appendix
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