The global healthcare industry experienced a 23% decline in the number of connected care-related patent applications in Q3 2024 compared with the previous quarter. The total number of connected care-related grants dropped by 12% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Healthcare: Patents Trends Q3 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 connected care-related patent applications in the healthcare industry was 1,715 in Q3 2024, versus 2,235 in the prior quarter.
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that Johnson & Johnson filed the most connected care patents within the healthcare industry in Q3 2024. The company filed 46 connected care-related patents in the quarter, compared with 41 in the previous quarter. It was followed by Abbott Laboratories with 41 connected care patent filings, DexCom (32 filings), and Baxter International (28 filings) in Q3 2024.
Patenting activity was driven by the US with a 32% share of total patent filings
The largest share of connected care related patent filings in the healthcare industry in Q3 2024 was in the US with 32%, followed by China (23%) and Japan (5%). The share represented by the US was 3% higher than the 30% share it accounted for in Q2 2024.
For further understanding of GlobalData's Healthcare: Patents Trends Q3 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.
