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 of 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 Innovation in Medical Devices: Ventilator flow controllers.
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, neurostimulation therapy, smart physiotherapy devices, and real-time IR thermographic imaging are disruptive technologies that are in the early stages of application and should be tracked closely. Precision radiotherapy, electric atomisers, and bio-active prosthesis coating are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are bioresorbable stent coating and cryogenic tissue treatment, which are now well established in the industry.
Innovation S-curve for the medical devices industry
Ventilator flow controllers is a key innovation area in the medical devices industry
Ventilator flow controllers employ cuffed narrow-bore endotracheal tubes to maintain consistent flow during inspiration and expiration, while maintaining standard tidal volumes. These devices do not pause the flow during the ventilation cycle, and uniformly maintain the rate of change of pressure and volume in the lungs.
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 ventilator flow controllers.
Key players in ventilator flow controllers – 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 ventilator flow controllers
|Company||Total patents (2010 - 2021)||Premium intelligence on the world's largest companies|
|Teva Pharmaceutical Industries Ltd||181||Unlock company profile|
|ResMed Inc||63||Unlock company profile|
|Koninklijke Philips NV||63||Unlock company profile|
|Pneuma Respiratory Inc||53||Unlock company profile|
|Fisher & Paykel Healthcare Corporation Ltd||27||Unlock company profile|
|Senzime AB||26||Unlock company profile|
|Dragerwerk AG & Co KGaA||23||Unlock company profile|
|Air Liquide SA||23||Unlock company profile|
|Syqe Medical Ltd||18||Unlock company profile|
|Imperial Brands Plc||17||Unlock company profile|
|Asahi Kasei Corp||17||Unlock company profile|
|Becton Dickinson and Co||17||Unlock company profile|
|BMC Medical Co Ltd||16||Unlock company profile|
|Medtronic Plc||16||Unlock company profile|
|British American Tobacco Plc||15||Unlock company profile|
|Adherium Ltd||14||Unlock company profile|
|JUUL Labs Inc||13||Unlock company profile|
|Vyaire Medical Inc||13||Unlock company profile|
|Teijin Ltd||13||Unlock company profile|
|General Electric Co||12||Unlock company profile|
|Shenzhen Mindray Bio-Medical Electronics Co Ltd||10||Unlock company profile|
|AptarGroup Inc||9||Unlock company profile|
|MicroBase Technology Corp||8||Unlock company profile|
|Cipla Ltd||8||Unlock company profile|
|NovaResp Technologies Inc||8||Unlock company profile|
|KT&G Corp||8||Unlock company profile|
|Getinge AB||8||Unlock company profile|
|Linde plc||8||Unlock company profile|
|Apex Medical Corp||8||Unlock company profile|
|Indose, Inc.||6||Unlock company profile|
|The ODP Corp||5||Unlock company profile|
|Loewenstein Medical Technology SA||5||Unlock company profile|
|Mermaid Care A/S||5||Unlock company profile|
|Boston Scientific Corp||5||Unlock company profile|
|Advanced Inhalation Therapies (AIT), Ltd.||5||Unlock company profile|
Source: GlobalData Patent Analytics
Teva Pharmaceutical Industries is one of the leading patent filers in the field of ventilator flow controllers. Some other key patent filers in the field include ResMed, Koninklijke Philips and Pneuma Respiratory.
In terms of application diversity, Linde leads the pack, followed by Boston Scientific and Senzime. By means of geographic reach, Teva Pharmaceutical Industries held the top position, followed by Air Liquide and Senzime in second and third spots, respectively.
The market for ventilators has grown dramatically over time due to technological developments such as the creation of sophisticated portable ventilators and breakthroughs in the sensor technologies used in ventilators. An increase in the number of preterm births, ICU beds, and the incidence of respiratory illnesses are the other factors driving mechanical ventilation.
Future prospects of ventilator flow controllers should include integrating mechanical ventilators with other bedside technologies within the ICU.
To further understand the key themes and technologies disrupting the medical devices industry, access GlobalData’s latest thematic research report on Medical Devices.