The global medical industry experienced a 19% decline in the number of artificial intelligence-related patent applications in Q1 2024 compared with the previous quarter. The total number of artificial intelligence-related grants dropped by 0.45% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Medical Devices: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of artificial intelligence-related patent applications in the medical industry was 2,473 in Q1 2024, versus 3,049 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that Koninklijke Philips filed the most artificial intelligence patents within the medical industry in Q1 2024. The company filed 99 artificial intelligence-related patents in the quarter, compared with 122 in the previous quarter. It was followed by Siemens with 79 artificial intelligence patent filings, Fujifilm (41 filings), and F. Hoffmann-La Roche (31 filings) in Q1 2024.
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Patenting activity was driven by the US with a 43% share of total patent filings
The largest share of artificial intelligence related patent filings in the medical industry in Q1 2024 was in the US with 43%, followed by China (16%) and Japan (5%). The share represented by the US was 7% higher than the 36% share it accounted for in Q4 2023.
For further understanding of GlobalData's Medical Devices: Patents Trends Q1 2024, buy the databook here.
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