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The number of Healthcare IT pipeline products in 2020 saw a 14% rise globally when compared to Healthcare IT pipeline products in 2019, according to GlobalData’s pipeline products database. This compares to an 34% rise for all pipeline medical devices in 2020 compared to 2019.

Healthcare IT pipeline products by categories: Clinical IT Systems has the most devices

Looking at the device categories of pipeline products, Clinical IT Systems accounted for the largest proportion (11.65%) in 2020, followed by Medical Imaging Information Systems (1.55%) and (%).

Healthcare IT development activity: Advanced stage of development leads

Devices at an advanced stage of development (in clinical trials, in the approval process, already approved in Europe or the rest of the world) accounted for 52.5% of medical devices in 2020, compared with 54.47% in 2019. The number of devices at the In Approval stage inclined by 34% in 2020, when compared with 2019.

The In Approval stage is considered to be the period where the manufacturer is waiting for final approval from regulators, following completion of the required development steps.

A decrease in products awaiting approval would indicate less new products entering the market in the coming months, while an increase indicates more devices entering the market, posing a market share threat to existing marketed devices.

North America tops pipeline Healthcare IT products activity

Comparing the number of pipeline Healthcare IT products activity in different regions of the globe, North America held the top position (64%) during 2020, followed by Europe (19%), and Asia-Pacific (14%).

On a country level, the US had the most pipeline Healthcare IT during the year, representing the largest share (64%) of Healthcare IT pipeline products. In second place was Japan (4%), followed by Australia (4%).

New pipeline Healthcare IT medical devices: Expected to be approved by 2025

According to GlobalData, approximately 52% of pipeline Healthcare IT in 2020 were expected to receive regulatory approval by the end of 2025. The leading categories for devices expected to receive regulatory approval by the end of 2025 was Clinical Decision Support Systems, at 1% of devices. Differences in regulatory approval timelines reflect the stage of development for a device, the device complexity or risk categorization (or device class) or if there are changes in regulatory oversight.

Beijing Infervision Technology Co Ltd tops Healthcare IT development in 2020

According to GlobalData, top ten medical device companies accounted for 9.71% of pipeline Healthcare IT activity during 2020. The leading company for developing Healthcare IT was Beijing Infervision Technology Co Ltd with 1.36%, followed by Click Therapeutics Inc at 1.36%.

Companies launching new medical devices are more likely to disrupt existing market share or are better able to defend existing share.

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By GlobalData

Company-developed pipeline products lead Healthcare IT in development

Looking at the share of activity in terms of Healthcare IT pipeline products developers, company-developed pipeline products accounted for an 80% share of the Healthcare IT medical devices market, while institute-developed pipeline products held the remaining share.

The monthly average for 2020 saw company-developed Healthcare IT pipeline products account for 80% of pipeline products and institute-developed pipeline products account for 20%.

The medical devices pipeline data used in this article were extracted from Medical Pipeline Products Database of GlobalData’s Medical Intelligence Center. Pipeline Products database covers all medical devices which are in development stage and intended for diagnosis, treatment, and management of diseases/conditions/symptoms directly or indirectly. Pipeline products are covered from various authenticated sources like company websites, SEC filings, conference presentations, analyst presentations, news releases, grants etc. The information is collected by following systematic research techniques and proprietary methodology.