India Healthcare Data Annotation Tools Market Size & Outlook
India healthcare data annotation tools market, 2017-2030 (US$M)
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India healthcare data annotation tools market highlights
- The India healthcare data annotation tools market generated a revenue of USD 5.3 million in 2023 and is expected to reach USD 31.8 million by 2030.
- The India market is expected to grow at a CAGR of 29.2% 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.
Healthcare data annotation tools market data book summary
| Market revenue in 2023 | USD 5.3 million |
| Market revenue in 2030 | USD 31.8 million |
| Growth rate | 29.2% (CAGR from 2023 to 2030) |
| Largest segment | Image/video |
| Fastest growing segment | Image/Video |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 3.2% of the global healthcare data annotation tools market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare data annotation tools market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 55.4 million by 2030.
Image/video was the largest segment with a revenue share of 60.38% in 2023. Horizon Databook has segmented the India healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
Annotation tools with mobile-first interfaces and workflows are becoming more and more popular. With the help of these technologies, mobile users may annotate data in real-time while on the road and collaborate remotely.
Data annotation technologies supporting telemedicine-related data, such as telehealth pictures, teleconsultation records, and remote patient monitoring data, are in high demand. Annotation tools are required to annotate and extract useful information from these telemedicine exchanges.
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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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India healthcare data annotation tools market size, by type, 2017-2030 (US$M)
India Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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