The global medical industry experienced a 68% decline in the number of environmental sustainability-related patent applications in Q3 2024 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 26% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Medical Devices: Patents Trends Q3 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.
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Notably, the number of environmental sustainability-related patent applications in the medical industry was 368 in Q3 2024, versus 1,159 in the prior quarter.
The top five companies accounted for 13% of patenting activity
Analysis of patenting activity by companies shows that Medtrum Technologies filed the most environmental sustainability patents within the medical industry in Q3 2024. The company filed 15 environmental sustainability-related patents in the quarter, compared with 8 in the previous quarter. It was followed by DexCom with 11 environmental sustainability patent filings, Toyota Motor (7 filings), and Chinese Academy of Sciences (7 filings) in Q3 2024.
Patenting activity was driven by the US with a 28% share of total patent filings
The largest share of environmental sustainability related patent filings in the medical industry in Q3 2024 was in the US with 28%, followed by Japan (11%) and China (10%). The share represented by the US was 12% higher than the 16% share it accounted for in Q2 2024.
For further understanding of GlobalData's Medical Devices: Patents Trends Q3 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
