Healthcare Data Collection And Labeling Market Worth $4.5 Billion By 2030

 Healthcare Data Collection And Labeling Industry Overview

The global healthcare data collection and labeling market size is expected to reach USD 4.5 billion by 2030, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 26.9% from 2022 to 2030. The market is driven by the increased adoption of artificial intelligence and machine learning across the globe. The demand for data labeling is rising due to technological advancements in the industry. Many hospitals and private medical institutions are outsourcing data labeling services for better disease management.

 

Healthcare Data Collection And Labeling Market Segmentation

Grand View Research has segmented the global healthcare data collection and labeling market based on data type and region:

 

Based on the Data Type Insights, the market is segmented into Image/Video, Audio, Text, Others

  • In 2021, the image/video segment held the largest revenue share of over 40.0% owing to the increased implementation of artificial intelligence algorithms in the healthcare industry. Medical image labeling uses semantic segmentation and polygon image annotation for organ segmentation and disease diagnosis. It is a helpful tool used to detect various rare diseases. Due to its accuracy and early diagnosis, medical imaging was widely used in data labeling in the healthcare industry during the COVID-19 pandemic.
  • The text data type segment is expected to expand at the fastest CAGR of 29.1% from 2022 to 2030. The collection of clinical data, particularly unstructured text documents, has become one of the most significant resources for clinical labeling. Text labeling is crucial to train NLP algorithms such as speech recognition, sentiment analysis, and chatbots. This is eventually contributing to the segment growth.

 

Healthcare Data Collection And Labeling Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

The key market players are focusing on expanding their customer base to acquire a competitive advantage in the market. The companies operating in the market are undertaking several strategic activities such as collaborations, acquisitions, mergers, and partnerships with other industry leaders. 

Some prominent players in the global healthcare data collection and labeling market include:

  • Alegion
  • Labelbox, Inc.
  • iMerit
  • Cogito Tech LLC
  • Appen Limited
  • Shaip
  • Snorkel AI
  • Infloks
  • Datalabeller
  • Centaur labs

 

Order a free sample PDF of the Healthcare Data Collection And Labeling Market Intelligence Study, published by Grand View Research.

 

 

 

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