The global medical industry experienced a 47% decline in the number of social responsibility-related patent applications in Q2 2023 compared with the previous quarter. The total number of social responsibility-related grants dropped by 41% in Q2 2023, according to GlobalData’s Patent Analytics. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Medical Devices and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Notably, the number of social responsibility-related patent applications in the medical industry was 46 in Q2 2023, versus 86 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that Legend filed the most social responsibility patents within the medical industry in Q2 2023. The company filed 1 social responsibility-related patent in the quarter. It was followed by Johns Hopkins University with 1 social responsibility patent filing, GRI-Alleset (1 filing), and Baxter International (1 filing) in Q2 2023.
Patenting activity was driven by the US with a 46% share of total patent filings
The largest share of social responsibility related patent filings in the medical industry in Q2 2023 was in the US with 46%, followed by China (22%) and Japan (7%). The share represented by the US was 3% higher than the 43% share it accounted for in Q1 2023.
For further understanding of GlobalData's Social Responsibility Trends by Sector – Thematic Intelligence, buy the report 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.
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