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 Internet of Things in Healthcare: Automated genetic screening.
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, smart helmets, body temperature sensors, and software as a medical device (SaMD) are disruptive technologies that are in the early stages of application and should be tracked closely. Smart balloon catheters, point-of-care molecular diagnostics, and automated immunoassay analysers are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are smart contact lenses and global positioning system (GPS) integrated fitness monitors, which are now well established in the industry.
Innovation S-curve for Internet of Things in the healthcare industry
Automated genetic screening is a key innovation area in Internet of Things
Genetic screening is the process of evaluating members of a community to determine who is more likely to have or acquire a certain genetic condition or to possess a genetic variation for that disorder. Businesses are adopting automation to speed up the workflow for genetic screening in such an attempt to expand the number of illnesses that can be tested for and the volume of samples that can be examined.
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 90+ companies, spanning technology vendors, established healthcare companies, and up-and-coming start-ups engaged in the development and application of automated genetic screening.
Key players in automated genetic screening – 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 automated genetic screening
Source: GlobalData Patent Analytics
Illumina is one of the leading patent filers in the field of automated genetic screening. Some other key patent filers in the field include Waters and NantWorks.
In terms of application diversity, Waters leads the pack, followed by Johnson & Johnson and Arctic Partners, respectively. By means of geographic reach, OPKO Health held the top position, followed by Arctic Partners and Genedata in second and third spots, respectively.
Automated Genetic screening is expected to expand in the future as individual vulnerability to illness will frequently be predicted by genetic screening. Results from tests can reduce ambiguities and assist people in making confident decisions about how to manage their healthcare.
To further understand how Internet of Things is disrupting the healthcare industry, access GlobalData’s latest thematic research report on Internet of Things (IoT) in Healthcare.