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 digitalization. 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 Cybersecurity in Medical Devices: Biometric identification sensors. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over 550,000 patents to analyse innovation intensity for the medical devices industry, there are 150+ innovation areas that will shape the future of the industry.
Biometric identification sensors is a key innovation area in cybersecurity
Biometric identification sensors verify the identity of individuals by measurement and analysis of physical or behavioural characteristics. These sensors use attributes, such as fingerprints, voice recognition, and iris, for hospitals to authenticate identity using biometric recognition algorithms, replacing the need to maintain physical records of identification numbers for employees and patients.
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 30+ companies, spanning technology vendors, established medical devices companies, and up-and-coming start-ups engaged in the development and application of biometric identification sensors.
Key players in biometric identification sensors – 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 biometric identification sensors
Source: GlobalData Patent Analytics
In terms of application diversity, Microsoft leads the pack, followed by Toyota Motor and Innominds Software. By means of geographic reach, Ford Motor holds the top position, followed by Johnson & Johnson and Tesseract Health in second and third spots, respectively.
Given that biometrics can neither be stolen, lost, or forgotten, biometric identification sensors have high potential as they are comparatively more secure than passwords or pins. Biometric sensors are expected to have a promising future, as they can be utilized for monitoring patients and their identification, with assured data safety. Technological advancements, such as multi-layered cybersecurity strategies, can help reduce cybercrimes by assisting with data security along with their biometric identification sensors advantages.
To further understand the key themes and technologies disrupting the medical devices industry, access GlobalData’s latest thematic research report on Cybersecurity in Medical Devices.