The global medical industry experienced a 25% decline in the number of social responsibility-related patent applications in Q4 2023 compared with the previous quarter. The total number of social responsibility-related grants rose by 22% 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.

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Notably, the number of social responsibility-related patent applications in the medical industry was 101 in Q4 2023, versus 135 in the prior quarter.

The top five companies accounted for 9% of patenting activity

Analysis of patenting activity by companies shows that Apple filed the most social responsibility patents within the medical industry in Q4 2023. The company filed 3 social responsibility-related patents in the quarter. It was followed by RTX with 2 social responsibility patent filings, ResMed (2 filings), and pHOXBIO (1 filing) in Q4 2023.

Patenting activity was driven by the US with a 36% share of total patent filings

The largest share of social responsibility related patent filings in the medical industry in Q4 2023 was in the US with 36%, followed by China (16%) and Japan (13%). The share represented by the US was 7% higher than the 29% share it accounted for in Q3 2023.

For further understanding of GlobalData's Medical Devices: Patents Trends Q4 2023, buy the databook here.

This content was updated on 23 January 2024

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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.