Latin America Healthcare Data Annotation Tools Market Size & Outlook
Latin America healthcare data annotation tools market, 2017-2030 (US$M)
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Latin America healthcare data annotation tools market highlights
- The Latin America healthcare data annotation tools market generated a revenue of USD 11.8 million in 2023.
- The market is expected to grow at a CAGR of 27.8% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 11.8 million |
| Market revenue in 2030 | USD 65.8 million |
| Growth rate | 27.8% (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, Latin America region accounted for 7.1% 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 61.02% in 2023. Horizon Databook has segmented the Latin America healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
Latin American countries, including Brazil, Mexico, and Argentina, have laws governing data privacy. Data annotation tools prioritize local data protection laws, such as Brazil's Lei Geral de Proteço de Dados (LGPD) and Argentina's Ley de Protección de Datos Personales.
These technologies integrate privacy-enhancing elements with secure data-handling procedures to guarantee compliance and safeguard private medical data. Regional health information systems (HIS) and data annotation tools are increasingly seamlessly integrated in Brazil, Mexico, and Argentina.
Electronic health records (EHRs), medical imaging archives, and other healthcare data sources may all be accessed directly. Integrated technologies that facilitate efficient data extraction, annotation, and analysis simplify population health studies, clinical decision support, and research collaborations.
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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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Latin America healthcare data annotation tools market size, by country, 2017-2030 (US$M)
Latin America Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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