The global medical industry experienced a 36% decline in the number of nanomedicine-related patent applications in Q3 2024 compared with the previous quarter. The total number of nanomedicine-related grants rose by 2% 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 nanomedicine-related patent applications in the medical industry was 142 in Q3 2024, versus 221 in the prior quarter.
The top five companies accounted for 8% of patenting activity
Analysis of patenting activity by companies shows that Stanford University filed the most nanomedicine patents within the medical industry in Q3 2024. The company filed 3 nanomedicine-related patents in the quarter. It was followed by Centre National de la Recherche Scientifique with 2 nanomedicine patent filings, Boston Scientific (2 filings), and Moderna (2 filings) in Q3 2024.
Patenting activity was driven by the US with a 65% share of total patent filings
The largest share of nanomedicine related patent filings in the medical industry in Q3 2024 was in the US with 65%, followed by China (7%) and Japan (5%). The share represented by the US was 13% higher than the 53% 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.
