The global healthcare industry experienced a 27% decline in the number of connected care-related patent applications in Q1 2024 compared with the previous quarter. The total number of connected care-related grants dropped by 2% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Healthcare: Patents Trends Q1 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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Data Insights Healthcare: Patents Trends Q1 2024

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Notably, the number of connected care-related patent applications in the healthcare industry was 1,699 in Q1 2024, versus 2,315 in the prior quarter.

The top five companies accounted for 10% of patenting activity

Analysis of patenting activity by companies shows that Abbott Laboratories filed the most connected care patents within the healthcare industry in Q1 2024. The company filed 47 connected care-related patents in the quarter, compared with 21 in the previous quarter. It was followed by Johnson & Johnson with 45 connected care patent filings, Koninklijke Philips (30 filings), and DexCom (25 filings) in Q1 2024.

Patenting activity was driven by the US with a 38% share of total patent filings

The largest share of connected care related patent filings in the healthcare industry in Q1 2024 was in the US with 38%, followed by China (29%) and Japan (8%). The share represented by the US was 7% higher than the 31% share it accounted for in Q4 2023.

For further understanding of GlobalData's Healthcare: Patents Trends Q1 2024, buy the databook here.

This content was updated on 18 April 2024

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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.