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Telehealth's Influence On The Healthcare Data Annotation Tools Market: A Significant Driver Propelling The Healthcare Data Annotation Tools Market In 2025
Healthcare Data Annotation Tools
What Is the Healthcare Data Annotation Tools Market Size and Projected Growth Rate?
In recent years, there has been a significant expansion in the market size of healthcare data annotation tools. The market is predicted to increase from $0.25 billion in 2024 to $0.31 billion in 2025, showing a compound annual growth rate (CAGR) of 28.3%. This considerable growth during the historical period has been driven by factors such as clinical trials and drug development, improved awareness about the importance of healthcare data quality, and the increasing volume of healthcare data. Furthermore, the integration of artificial intelligence (AI) into healthcare, and the ongoing clinical trials and drug developments have also contributed to this growth.
Expectations are high for a significant surge in the healthcare data annotation tools market size in the coming years, with predictions of reaching $0.86 billion by 2029 with a compound annual growth rate (CAGR) of 28.4%. This projected growth during the forecast period is due to the rise in telehealth services utilization, the growing acceptance of ai-fueled healthcare solutions, the increasing need for genomic data annotation, compliance with regulations, and ongoing digital evolution in the healthcare sector. Key trends noted for the forecast period encompass rapid digital transformation, the merger of ai and machine learning, advancements in genomic data annotation, development of image annotation techniques, and the rise of collaborative annotation platforms.
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What Are the Major Segments in the Healthcare Data Annotation Tools Market?
The healthcare data annotation tools market covered in this report is segmented -
1) By Type: Text, Image And Video, Audio
2) By Technology: Manual, Semi-Supervised, Automatic
3) By Application: Virtual Assistants, Conversational Bots, Diagnostic Support, Drug Development Process, Robotic Surgery, Medical Documents
4) By End-User: Hospitals, Diagnostic Imaging Centers, Healthcare Technology Companies, Other End-Users
Subsegments:
1) By Text: Natural Language Processing (NLP) Annotation, Entity Recognition, Text Classification, Sentiment Analysis
2) By Image and Video: Medical Image Labeling, Object Detection, Semantic Segmentation, Video Frame Annotation
3) By Audio: Speech Recognition Annotation, Voice Data Labeling, Audio Transcription, Speaker Identification
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What Are The Driving Healthcare Data Annotation Tools Market Evolution?
The anticipated surge in telehealth utilization is set to stimulate the progression of the healthcare data annotation tools market in the near future. Telehealth pertains to the use of electronic information and telecommunication technologies for facilitating remote clinical healthcare, as well as the education of healthcare professionals and patients, health management, and public health. These data annotation tools in healthcare play a crucial role in telemedicine by deftly identifying and classifying medical data for better evaluation, therapy strategies, and distant patient monitoring. For example, in January 2024, the Health Information National Trends Survey (HINTS), a US government agency, stated that almost 40% of US adults used telehealth services in 2022, even though significant access obstacles still exist. Hence, the rising utilization of telehealth is fueling the growth of the healthcare data annotation tools market.
Which Firms Dominate The Healthcare Data Annotation Tools Market Segments?
Major companies operating in the healthcare data annotation tools market report are Infosys BPM, iMerit Technology, Appen Limited, Scale AI, Hive AI, CloudFactory Limited, Turing, Capestart, Analytics, Innodata, Cogito Tech LLC, Defined.ai, Shaip, Sama AI, Explorium, Labelbox, Alegion AI, Inc, SuperAnnotate LLC, Label Your Data, Lynxcare, Playment, V7, Trillbit, NetraMark Corp, Keymakr Inc, Dataloop AI, Kotwel, Haidata
What Trends Are Driving Growth in The Healthcare Data Annotation Tools Market?
Leading firms in the healthcare data annotation tools sector are concentrating on the creation of innovative technological solutions, including healthcare data annotation tools that are AI-based, to facilitate faster video annotation for AI progression. AI-based healthcare data annotation tools are software systems that utilize artificial intelligence methodologies to annotate and classify health-related data. For example, in August 2023, iMerit Technology, a firm specializing in artificial intelligence data solutions from the United States, introduced Ango Hub. This is an all-inclusive enterprise-level technology platform designed to provide a comprehensive range of data annotation tools for AI and analytics consolidated on one interface. The platform aims to offer extensive data annotation services, employing automation in every phase, ranging from data organization and choice to workflow arrangement, exclusive annotation tools, quality control, and reporting. Ango Hub has been employed for medical image annotation. The iMerit's Ango Hub is a innovative purpose-built application based on a generative AI framework meant to accelerate progression in crucial vertical domains like medical artificial intelligence.
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Which Is The Largest Region In The Healthcare Data Annotation Tools Market?
Asia-Pacific was the largest region in the healthcare data annotation tools market in 2024. The regions covered in the healthcare data annotation tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Data Annotation Tools Market?
2. What is the CAGR expected in the Healthcare Data Annotation Tools Market?
3. What Are the Key Innovations Transforming the Healthcare Data Annotation Tools Industry?
4. Which Region Is Leading the Healthcare Data Annotation Tools Market?
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