The healthcare industry continues to be a hotbed of innovation, with activity driven by telemedicine, real-time diagnostics, smart hospitals and access to digital therapies, and the growing importance of technologies such as artificial intelligence (AI), the internet of things (IoT), augmented reality (AR), robotics and data management practices. In the last three years alone, there have been over 106,000 patents filed and granted in the healthcare industry, according to GlobalData’s report on Cloud in Healthcare: Point-of-care MRI imaging.
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
200+ innovations will shape the healthcare industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the healthcare industry using innovation intensity models built on over 443,000 patents, there are 200+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, software as a medical device (SaMD), augmented reality/virtual reality (AR/VR) medical imaging interfaces, and automated clinical documentation are disruptive technologies that are in the early stages of application and should be tracked closely. Medical image display devices, 3D modelling and rendering, and AI-assisted electronic health record (EHR) are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are wearable fitness monitors and medical device secure data transmission, which are now well established in the industry.
Innovation S-curve for cloud in the healthcare industry
Point-of-care MRI imaging is a key innovation area in cloud
POC MRI imaging is useful and safe for patients in neurological intensive care. It eliminates the need to move the patient to an imaging suite. The technology seeks to make MRI accessible and easy to use for any patient who needs it at anytime and anywhere.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 10+ companies, spanning technology vendors, established healthcare companies, and up-and-coming start-ups engaged in the development and application of point-of-care MRI imaging.
Key players in point-of-care MRI imaging – a disruptive innovation in the healthcare industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to point-of-care MRI imaging
|Company||Total patents (2010 - 2021)||Premium intelligence on the world's largest companies|
|Siemens||154||Unlock company profile|
|Koninklijke Philips||92||Unlock company profile|
|Samsung Group||33||Unlock company profile|
|General Electric||19||Unlock company profile|
|Canon||11||Unlock company profile|
|Neurophet||10||Unlock company profile|
|Esaote||8||Unlock company profile|
|Bracco Injeneering||7||Unlock company profile|
|Hyperfine Research||6||Unlock company profile|
|Toshiba||6||Unlock company profile|
|Synaptive Medical||6||Unlock company profile|
|Boston Scientific||5||Unlock company profile|
Source: GlobalData Patent Analytics
Siemens is one of the leading patent filers in the field of Point-of-care MRI imaging. Some other key patent filers in the field include Koninklijke Philips, Samsung Group, and General Electric.
In terms of application diversity, Neurophet leads the pack, followed by Esaote and General Electric, respectively. By means of geographic reach, Bracco Injeneering held the top position, with Hyperfine Research and Neurophet in second and third spots, respectively.
Point-of-care (POC) MRI imaging is easy to accessible and allows immediate results. It does not require waiting or transporting the patient, which helps to reduce the number of hospitalisations and readmissions. This will improve the quality of life and contain costs.
To further understand how Cloud is disrupting the healthcare industry, access GlobalData’s latest thematic research report on Cloud Computing in Healthcare.