The global medical industry experienced a 22% decline in the number of smart hospitals-related patent applications in Q3 2024 compared with the previous quarter. The total number of smart hospitals-related grants dropped by 9% 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 smart hospitals-related patent applications in the medical industry was 2,029 in Q3 2024, versus 2,600 in the prior quarter.
The top five companies accounted for 12% of patenting activity
Analysis of patenting activity by companies shows that Johnson & Johnson filed the most smart hospitals patents within the medical industry in Q3 2024. The company filed 65 smart hospitals-related patents in the quarter, compared with 103 in the previous quarter. It was followed by Abbott Laboratories with 53 smart hospitals patent filings, Koninklijke Philips (50 filings), and Medtronic (41 filings) in Q3 2024.
Patenting activity was driven by the US with a 32% share of total patent filings
The largest share of smart hospitals related patent filings in the medical industry in Q3 2024 was in the US with 32%, followed by China (21%) and Japan (6%). The share represented by the US was 2% higher than the 30% 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.
