Global Healthcare Data Annotation Tools Market Size & Outlook
The healthcare data annotation tools industry worldwide is expected to reach a projected revenue of US$ 916.8 million by 2030. A compound annual growth rate of 27.5% is expected of the worldwide healthcare data annotation tools industry from 2024 to 2030.
Revenue, 2023 (US$M)
$167.4
Forecast, 2030 (US$M)
$916.8
CAGR, 2024 - 2030
27.5%
Report Coverage
Worldwide
Global healthcare data annotation tools market, 2017-2030 (US$M)
Related Markets
Global healthcare data annotation tools market highlights
- The global healthcare data annotation tools market generated a revenue of USD 167.4 million in 2023 and is expected to reach USD 916.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 27.5% by 2030.
- In terms of segment, image/video accounted for a revenue of USD 101.6 million in 2023.
- Image/Video is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 167.4 million |
| Market revenue in 2030 | USD 916.8 million |
| Growth rate | 27.5% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 43.5% of the global healthcare data annotation tools market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 4.8 million by 2030.
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Healthcare Data Annotation Tools Market Scope
Healthcare data annotation tools market segmentation & scope
Healthcare Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global healthcare data annotation tools market size, by region, 2017-2030 (US$M)
Top 10 countries: Healthcare data annotation tools market size, 2023 (US$M)
Global healthcare data annotation tools market share, by technology, 2023 & 2030 (%, US$M)
Healthcare data annotation tools market: Opportunity assessment by country
Global healthcare data annotation tools market, by region, 2023 (US$M)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 18.2 | 22.2 | 27.5 | 34.8 | 44.5 | 56.9 | 72.9 | 93.1 | 118.4 | 150.1 | 190.2 | 239.8 | 301.4 | 377.5 | 26.5% |
| Europe | 9.7 | 12.0 | 15.0 | 19.3 | 24.9 | 32.2 | 41.6 | 53.8 | 69.2 | 88.8 | 113.7 | 145.1 | 184.4 | 233.7 | 27.9% |
| Asia Pacific | 8.0 | 10.0 | 12.6 | 16.3 | 21.1 | 27.5 | 35.9 | 46.7 | 60.5 | 78.1 | 100.7 | 129.3 | 165.5 | 211.1 | 28.8% |
| Latin America | 2.8 | 3.4 | 4.3 | 5.5 | 7.1 | 9.1 | 11.8 | 15.3 | 19.6 | 25.1 | 32.1 | 41.0 | 52.0 | 65.8 | 27.8% |
| MEA | 1.2 | 1.5 | 1.9 | 2.4 | 3.2 | 4.1 | 5.3 | 6.7 | 8.7 | 11.1 | 14.2 | 18.0 | 22.8 | 28.8 | 27.5% |
| Overall | 39.9 | 49.2 | 61.3 | 78.3 | 100.6 | 129.9 | 167.4 | 215.5 | 276.3 | 353.2 | 450.9 | 573.1 | 726.1 | 916.8 | 27.5% |
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