The global medical industry experienced a 50% decline in the number of robotics-related patent applications in Q4 2023 compared with the previous quarter. The total number of robotics-related grants rose by 0.93% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Medical Devices: Patents Trends Q4 2023 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 robotics-related patent applications in the medical industry was 284 in Q4 2023, versus 563 in the prior quarter.
The top five companies accounted for 19% of patenting activity
Analysis of patenting activity by companies shows that Johnson & Johnson filed the most robotics patents within the medical industry in Q4 2023. The company filed 17 robotics-related patents in the quarter, compared with 24 in the previous quarter. It was followed by Medtronic with 12 robotics patent filings, Intuitive Surgical (11 filings), and Stryker (7 filings) in Q4 2023.
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Patenting activity was driven by the US with a 41% share of total patent filings
The largest share of robotics related patent filings in the medical industry in Q4 2023 was in the US with 41%, followed by China (12%) and Australia (2%). The share represented by the US was 16% higher than the 26% share it accounted for in Q3 2023.
For further understanding of GlobalData's Medical Devices: Patents Trends Q4 2023, buy the databook here.
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