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 Smart Hospitals in Medical Devices: CT angiography analysis automation.
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.
CT angiography analysis automation is a key innovation area in smart hospitals
Automated CT angiography analysis has the potential to lower radiation exposure during the imaging of arteries and veins, enhance diagnostic imaging and efficiency, as well as deliver additional and improved rapid findings. Automated CT angiography analysis is expected to provide accurate analysis using artificial intelligence-powered algorithms.
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 10+ companies, spanning technology vendors, established medical devices companies, and up-and-coming start-ups engaged in the development and application of CT angiography analysis automation.
Key players in CT angiography analysis automation – 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 CT angiography analysis automation
|Company||Total patents (2010 - 2021)||Premium intelligence on the world's largest companies|
|Heartflow||246||Unlock company profile|
|Waters||169||Unlock company profile|
|Enlitic||93||Unlock company profile|
|Siemens||28||Unlock company profile|
|Koninklijke Philips||19||Unlock company profile|
|Canon||14||Unlock company profile|
|International Business Machines||12||Unlock company profile|
|Panasonic||10||Unlock company profile|
|General Electric||8||Unlock company profile|
|Fujifilm Holdings||7||Unlock company profile|
|Medtronic||5||Unlock company profile|
|Blue Sail Medical||5||Unlock company profile|
|Hitachi||5||Unlock company profile|
Source: GlobalData Patent Analytics
Heartflow is one of the leading patent filers in the field of CT angiography. Some other key patent filers in the field include Water, Enlitic and Siemens.
In terms of application diversity, Enlitic leads the pack, followed by Panasonic and Hitachi. By means of geographic reach, Waters holds the top position, followed by Koninklijke Philips and Fujifilm Holdings in the second and third spots, respectively.
Automated CT angiography analysis will take over traditional approaches to analysing the data as they provide quick and accurate results. The method will become the preferred choice for radiologists, attributed to technological advancements and growing awareness. Currently, CT angiography analysis approaches produce heterogeneous results, across different hospitals, and face limitations due to suboptimal enhancement, particularly pulmonary artery (PA) contrast enhancement. The application of an automated approach, using AI or deep learning methodologies, promises to greatly improve accuracy and inter-institutional comparisons. An additional benefit is likely to be in higher patient throughput, enabling more patients to be treated in an age where in developed countries the number of radiologists is falling.
To further understand the key themes and technologies disrupting the medical devices industry, access GlobalData’s latest thematic research report on Medical Devices.