The global medical industry experienced a 43% decline in the number of robotics-related patent applications in Q3 2023 compared with the previous quarter. The total number of robotics-related grants dropped by 50% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Medical Devices: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of robotics-related patent applications in the medical industry was 290 in Q3 2023, versus 508 in the prior quarter.
The top five companies accounted for 28% of patenting activity
Analysis of patenting activity by companies shows that Medtronic filed the most robotics patents within the medical industry in Q3 2023. The company filed 23 robotics-related patents in the quarter, compared with 15 in the previous quarter. It was followed by Johnson & Johnson with 19 robotics patent filings, Intuitive Surgical (16 filings), and Stryker (12 filings) in Q3 2023.
Patenting activity was driven by the US with a 44% share of total patent filings
The largest share of robotics related patent filings in the medical industry in Q3 2023 was in the US with 44%, followed by China (11%) and South Korea (5%). The share represented by the US was 13% higher than the 31% share it accounted for in Q2 2023.
For further understanding of GlobalData's Medical Devices: Patents Trends Q3 2023, buy the databook here.