Asia Pacific Healthcare Data Annotation Tools Market Size & Outlook
Related Markets
Asia Pacific healthcare data annotation tools market highlights
- The Asia Pacific healthcare data annotation tools market generated a revenue of USD 35.9 million in 2023.
- The market is expected to grow at a CAGR of 28.8% 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, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 35.9 million |
| Market revenue in 2030 | USD 211.1 million |
| Growth rate | 28.8% (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, Asia Pacific region accounted for 21.4% 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.
Image/video was the largest segment with a revenue share of 60.72% in 2023. Horizon Databook has segmented the Asia Pacific healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is expected to witness the fastest growth throughout the projection period. This results from rising healthcare costs in developing Asian countries and advances in medical technology.
The region's primary drivers of healthcare data annotation tools include the growing adoption of cutting-edge technology like AI and ML to save medical expenses and optimize hospital operations.
To encourage the growth of telemedicine in the nation, the National Health & Family Planning Commission (NHFPC) of the People's Republic of China established the Chinese Jinwei Network Engineer.
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Healthcare Data Annotation Tools Market Scope
Healthcare Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SuperAnnotate | View profile | 51-100 | San Mateo, California, United States, North America | https://superannotate.com |
| V7 | View profile | 101-250 | London, England, United Kingdom, Europe | https://www.v7labs.com |
| Anolytics | View profile | 1001-5000 | Levittown, New York, United States, North America | https://www.anolytics.ai/ |
| LynxCare | View profile | 11-50 | Leuven, Vlaams-Brabant, Belgium, Europe | https://lynx.care/ |
| CapeStart | View profile | 11-50 | Cambridge, Massachusetts, United States, North America | http://www.capestart.com/ |
| Ango AI | View profile | 11-50 | San Francisco, California, United States, North America | https://ango.ai/ |
| Shaip | View profile | 251-500 | Louisville, Kentucky, United States, North America | https://www.shaip.com |
| iMerit | View profile | 5001-10000 | San Jose, California, United States, North America | http://imerit.net/ |
| Innodata Inc | View profile | 4325 | 55 Challenger Road, Ridgefield Park, NJ, United States, 07660 | https://www.innodata.com |
| Appen Ltd | View profile | 1037 | 9 Help Street, Level 6, Chatswood, Sydney, NSW, Australia, 2067 | https://www.appen.com |
| Infosys Ltd ADR | View profile | 322663 | 44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, India, 560 100 | https://www.infosys.com |
Asia Pacific healthcare data annotation tools market size, by country, 2017-2030 (US$M)
Asia Pacific Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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