Europe Healthcare Data Annotation Tools Market Size & Outlook
Europe healthcare data annotation tools market, 2017-2030 (US$M)
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Europe healthcare data annotation tools market highlights
- The Europe healthcare data annotation tools market generated a revenue of USD 41.6 million in 2023.
- The market is expected to grow at a CAGR of 27.9% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 41.6 million |
| Market revenue in 2030 | USD 233.7 million |
| Growth rate | 27.9% (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, Europe region accounted for 24.9% 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 60.82% in 2023. Horizon Databook has segmented the Europe healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
The advantages of eHealth and telemedicine services, such as easy availability of health services, cost savings, and improvement in diagnostics & treatment services, are anticipated to boost investments in digital health and other eHealth-related services.
For instance, in September 2020, Aidoc raised USD 20 million in a Series B funding round led by Square Peg Capital to aid in developing AI-based digital imaging & radiology offerings.
For instance, in May 2022, the European Health Data Space Program was unveiled to support the use of health data for improvements in research, innovative healthcare delivery, and policymaking.
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Healthcare Data Annotation Tools Market Scope
Healthcare Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe healthcare data annotation tools market size, by country, 2017-2030 (US$M)
Europe Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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