Artificial intelligence innovation: Leading companies in remotely-monitored ventilators for the medical devices industry

The medical devices industry continues to be a hotbed of innovation, with activity driven by increased need for homecare, preventative treatments, early diagnosis, reducing patient recovery times and improving outcomes, as well as a growing importance in technologies such as machine learning, augmented reality, 5G and digitalisation. In the last three years alone, there have been over 450,000 patents filed and granted in the medical devices industry, according to GlobalData’s report on Artificial Intelligence in Medical Devices: Remotely monitored ventilators.

However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.

Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.

150+ innovations will shape the medical devices industry

According to GlobalData’s Technology Foresights, which plots the S-curve for the medical devices industry using innovation intensity models built on over 550,000 patents, there are 150+ innovation areas that will shape the future of the industry.

Within the emerging innovation stage, AI-assisted radiology, motion artefact analysis, and treatment evaluation models are disruptive technologies that are in the early stages of application and should be tracked closely. MRI image smoothing, AI-assisted EHR/EMR, and AI-assisted CT imaging are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are computer-assisted surgeries and 3D endoscopy, which are now well established in the industry. 

Innovation S-curve for artificial intelligence in the medical devices industry

Remotely monitored ventilators is a key innovation area in artificial intelligence
Remote ventilator monitoring systems allow healthcare professionals to monitor patients' vital signs and ventilator data from anywhere in the healthcare facility. These devices use software to adjust the settings remotely according to the requirement, thereby reducing risk of infection to the healthcare staff.

GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies.  According to GlobalData, there are 40+ companies, spanning technology vendors, established medical devices companies, and up-and-coming start-ups engaged in the development and application of remotely monitored ventilators.

Key players in remotely monitored ventilators – a disruptive innovation in the medical devices industry

‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.

Patent volumes related to remotely-monitored ventilators

Koninklijke Philips is one of the leading patent filers in the field of remotely monitored ventilators. Some other key patent filers in the field include ResMed, Medtronic, Baxter International and Fisher & Paykel Healthcare.

In terms of application diversity, Art Medical leads the pack, followed by Weinmann Emergency Medical Technology and Somne. By means of geographic reach, Hamilton Bonaduz held the top position, while Johnson & Johnson and Air Liquide are in second and third spots, respectively.

Remotely monitored ventilators ensure the safety, viability, performance, sustainability, and versatility required to meet the needs of various patients and caregivers. Remotely monitored ventilators have become the preferred choice for both patients and physicians due to the COVID-19 pandemic and this trend is expected to continue as the pandemic has led to an unprecedented need for remote patient monitoring.

To further understand the key themes and technologies disrupting the medical devices industry, access GlobalData’s latest thematic research report on Medical Devices.

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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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