The global medical industry experienced a 30% decline in the number of robotics-related patent applications in Q2 2024 compared with the previous quarter. The total number of robotics-related grants dropped by 7% 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.
Smarter leaders trust GlobalData
Notably, the number of robotics-related patent applications in the medical industry was 342 in Q2 2024, versus 489 in the prior quarter.
The top five companies accounted for 15% of patenting activity
Analysis of patenting activity by companies shows that Globus Medical filed the most robotics patents within the medical industry in Q2 2024. The company filed 13 robotics-related patents in the quarter, compared with 14 in the previous quarter. It was followed by CMR Surgical with 12 robotics patent filings, Medtronic (11 filings), and Johnson & Johnson (9 filings) in Q2 2024.
Patenting activity was driven by the US with a 48% share of total patent filings
The largest share of robotics related patent filings in the medical industry in Q2 2024 was in the US with 48%, followed by China (15%) and Australia (4%). The share represented by the US was 15% higher than the 33% share it accounted for in Q1 2024.
For further understanding of GlobalData's Medical Devices: Patents Trends Q2 2024, buy the databook here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
