This report describes the global market size of Healthcare Data Annotation Tools Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 27.5% from 2023 to 2030.
Healthcare Data Annotation Tools is apractise of labelling medical imaging data, such as X-ray, CT, MRI, mammography, or ultrasound scans, is known as medical image annotation. It uses data for developing AI algorithms for medical image analysis and diagnostics, assisting doctors in saving time, improving patient outcomes, and making more informed judgements.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Healthcare Data Annotation Tools Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 27.5% during the forecast period 2023-2030. North American market for Healthcare Data Annotation Tools Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of X% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
Middle East and Africa
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Healthcare Data Annotation Tools Market as well as some small players. The information for each competitor include:
Main Business Information
Sales Volume, Revenue, Price and Gross Margin
By type, the image/video segment had the biggest share of 59% in 2022 and is expected to experience the fastest CAGR over the next years.This is linked to the broad adoption of image/video data annotation tools in the medical field as well as the growing demand for effective and affordable medical diagnosis solutions. These instruments are used to create visualisations of particular organs to identify uncommon human body flaws that cannot be seen with the naked eye.
Technology-wise, the semi-supervised sector had the greatest market share in 2022, with 40%. The market is divided into manual, semi-supervised, and automatic categories based on technology. A small quantity of labelled data and a significant number of unlabeled data are used in semi-supervised technology. This may decrease down on the cost of manual data annotation and speed up the data preparation process. Semi-supervised technology finds many uses for unlabeled data because it is plentiful, affordable, and simple to obtain, consequently boosting the segment.
Drug Development Process
In 2022, the diagnostic support application held the biggest share by application (31.0%). Diagnostic support tools for data annotation assist in identifying and correcting human errors in X-rays, ultrasound scans, MRIs, and CT scans. By reducing expenses, these tools can improve accuracy and speed. The market category for virtual assistants is predicted to develop at the quickest rate over the projected period. In order to cut down on waiting times, the healthcare system's virtual assistants speed up the identification of illness, increase prescription reminders, track health status, and set up medical appointments.
Middle East & Africa
With a 42.5% market share in 2022, North America dominated the industry. The significant portion can be linked to the high cost of healthcare as well as the expanding acceptance of advanced technologies like AI, machine learning, big data, cloud computing, and IOT. The key growth drivers for the market include rising government support & requirements for sophisticated AI/ML solutions in healthcare, as well as increased adoption of mHealth, e-prescribing, telehealth, and other healthcare IT technologies as a response to COVID-19.
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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