In the rapidly evolving landscape of the medical device industry, major players such as Intuitive Surgical Inc and GE HealthCare Technologies Inc are actively driving innovation through cutting-edge mobile health patents. While these advancements promise to reshape patient care and operational efficiency, the industry is also witnessing strategic deals and job opportunities, reflecting a dynamic shift towards mobile health applications. GlobalData’s mobile health market report provides comprehensive analysis of the mobile health market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the medical device industry regarding mobile health. It provides an overview of recent developments in mobile health-related deals, talent acquisition, and patent filings within the medical device industry.
Diverse applications of mobile health in medical device industry
Medical companies like Intuitive Surgical Inc, GE HealthCare Technologies Inc, DexCom Inc, Koninklijke Philips NV, and CraniUS LLC are leveraging the latest patents in Mobile Health technologies to innovate and improve their businesses. These patents cover a range of advancements, from filtering localization data for teleoperational assemblies to detecting apnea using impedance-based respiration monitoring systems. Additionally, the patents include systems for continuous analyte measurement and remote updating of medical device firmware. By acquiring these patents, the acquirer will benefit from cutting-edge solutions for improving patient care, enhancing operational efficiency, and enabling remote assistance in medical imaging and device management. These technologies will undoubtedly drive advancements in Mobile Health applications, ultimately leading to better healthcare outcomes for patients.
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The industry experienced a 17% decline in the number of mobile health-related patent applications in Q4 2023 compared with the previous quarter. On an annual basis, the number of mobile health-related patent applications in the medical device industry witnessed a drop of 6% compared with Q4 2022.
Strategic deal trends in mobile health in medical device industry
Medical Device companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in mobile health. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of mobile health in the medical device industry.
In Q4 2023, the number of mobile health-related deals in the medical device industry remined flat by 0.00% compared with Q4 2022. On a quarterly basis, there was 67% increase in the number of deals in Q4 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q4 2023, the medical device industry experienced a 0.00% growth compared with the previous quarter. On an annual basis, job postings also declined by 63%. Notably, installation, maintenance, and repair occupations, with a share of 33%, emerged as the top mobile health-related job roles within the medical device industry in Q4 2023, with new job postings rising by % quarter-on-quarter. Healthcare support occupations came in second with a share of 33% in Q4 2023, with new job postings rising by % over the previous quarter. The other prominent mobile health roles include legal occupations with a 33% share in Q4 2023, and with a % share of new job postings.
Boston Scientific, AliveCor, and Hinge Health are among the top companies leading in mobile health hiring within the medical device industry.
Countries driving adoption of mobile health in medical device industry
The US is the leading country in mobile health adoption within the medical device industry, boasting the highest number of mobile health-related patents, jobs, and deals. Meanwhile, Brazil, Australia, China and the UK also maintain significant positions in mobile health adoption within the medical device industry.
In conclusion, the integration of cutting-edge mobile health technologies by leading medical companies promises to revolutionize patient care and operational efficiency, while strategic investments and increased deal activity underscore the growing importance of mobile health in the medical device industry.
To further understand GlobalData's analysis on mobile health in the medical device industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. 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.
