The global medical industry experienced a 22% decline in the number of internet of things-related patent applications in Q2 2024 compared with the previous quarter. The total number of internet of things-related grants dropped by 11% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Medical Devices: Patents Trends Q2 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of internet of things-related patent applications in the medical industry was 1,446 in Q2 2024, versus 1,848 in the prior quarter.
The top five companies accounted for 16% of patenting activity
Analysis of patenting activity by companies shows that Samsung Group filed the most internet of things patents within the medical industry in Q2 2024. The company filed 65 internet of things-related patents in the quarter, compared with 56 in the previous quarter. It was followed by Abbott Laboratories with 48 internet of things patent filings, DexCom (47 filings), and Koninklijke Philips (41 filings) in Q2 2024.
Patenting activity was driven by the US with a 42% share of total patent filings
The largest share of internet of things related patent filings in the medical industry in Q2 2024 was in the US with 42%, followed by China (7%) and Australia (5%). The share represented by the US was 3% higher than the 39% share it accounted for in Q1 2024.
For further understanding of GlobalData's Medical Devices: Patents Trends Q2 2024, buy the databook 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’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.
