The global medical industry experienced a 22% decline in the number of remote patient monitoring-related patent applications in Q1 2024 compared with the previous quarter. The total number of remote patient monitoring-related grants remained flat 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.
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Notably, the number of remote patient monitoring-related patent applications in the medical industry was 2,756 in Q1 2024, versus 3,515 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that Johnson & Johnson filed the most remote patient monitoring patents within the medical industry in Q1 2024. The company filed 76 remote patient monitoring-related patents in the quarter, compared with 117 in the previous quarter. It was followed by Abbott Laboratories with 67 remote patient monitoring patent filings, Medtronic (59 filings), and DexCom (51 filings) in Q1 2024.
Patenting activity was driven by the US with a 34% share of total patent filings
The largest share of remote patient monitoring related patent filings in the medical industry in Q1 2024 was in the US with 34%, followed by China (26%) and Japan (8%). The share represented by the US was 6% higher than the 29% 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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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.
