The global medical industry experienced a 69% decline in the number of environmental sustainability-related patent applications in Q2 2024 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 17% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Medical Devices: Patents Trends Q2 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 344 in Q2 2024, versus 1,093 in the prior quarter.
The top five companies accounted for 13% of patenting activity
Analysis of patenting activity by companies shows that Toyota Motor filed the most environmental sustainability patents within the medical industry in Q2 2024. The company filed 12 environmental sustainability-related patents in the quarter, compared with 1 in the previous quarter. It was followed by DexCom with 11 environmental sustainability patent filings, Medtronic (7 filings), and ResMed (7 filings) in Q2 2024.
Patenting activity was driven by the US with a 38% share of total patent filings
The largest share of environmental sustainability related patent filings in the medical industry in Q2 2024 was in the US with 38%, followed by China (12%) and Japan (8%). The share represented by the US was 25% higher than the 13% share it accounted for in Q1 2024.
For further understanding of GlobalData's Medical Devices: Patents Trends Q2 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.
