U.S. Healthcare Data Annotation Tools Market Size & Outlook
U.S. healthcare data annotation tools market, 2017-2030 (US$M)
Related Markets
U.S. healthcare data annotation tools market highlights
- The U.S. healthcare data annotation tools market generated a revenue of USD 65.3 million in 2023 and is expected to reach USD 330.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 26.1% 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 65.3 million |
| Market revenue in 2030 | USD 330.4 million |
| Growth rate | 26.1% (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, U.S. accounted for 39.0% 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 North America, U.S. healthcare data annotation tools market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 47.1 million by 2030.
Image/video was the largest segment with a revenue share of 60.64% in 2023. Horizon Databook has segmented the U.S. healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
The market demand is driven by the increasing need for medical imaging, such as X-rays, MRIs, and CT scans, to help diagnose diseases, including cancer, cardiovascular issues, and neurological disorders using data annotation.
Annotations aid in identifying and categorizing anomalies or regions of interest in the pictures, facilitating a quicker and more precise diagnosis. Data annotation is critical for disease epidemic monitoring and tracking, particularly in public health.
Annotations are used to classify and categorize data from many sources, such as social media, news articles, and sensor networks, to discover illness symptoms, geographical hotspots, and trends. This information assists in early identification, reaction planning, and resource allocation.
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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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U.S. healthcare data annotation tools market size, by technology, 2017-2030 (US$M)
U.S. Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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