UK Healthcare Data Annotation Tools Market Size & Outlook
UK healthcare data annotation tools market, 2017-2030 (US$M)
Related Markets
UK healthcare data annotation tools market highlights
- The UK healthcare data annotation tools market generated a revenue of USD 9.3 million in 2023 and is expected to reach USD 52.6 million by 2030.
- The UK market is expected to grow at a CAGR of 28.1% 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 9.3 million |
| Market revenue in 2030 | USD 52.6 million |
| Growth rate | 28.1% (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, UK accounted for 5.5% 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 Europe, Germany healthcare data annotation tools market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 55.4 million by 2030.
Image/video was the largest segment with a revenue share of 60.22% in 2023. Horizon Databook has segmented the UK healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
A growing trend of AI-assisted annotation tools has emerged with the increased use of artificial intelligence (AI) and machine learning (ML) technology in the healthcare industry. These technologies use AI algorithms to automate or support annotation, lowering manual labor requirements and increasing productivity.
They can assist with activities such as segmenting medical images, analyzing natural language, and extracting data from electronic health records. In the U.K. healthcare industry, cloud-based annotation tools are becoming increasingly common.
These systems allow several annotators to work on huge datasets concurrently from various locations, and enhances their scalability, flexibility, and collaborative features. Cloud-based solutions make easier version control, data exchange, and interaction with other healthcare systems.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Healthcare Data Annotation Tools Market Scope
Healthcare Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK healthcare data annotation tools market size, by type, 2017-2030 (US$M)
UK Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
