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, as well as 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: Compliance monitoring pill dispensers.
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 GPS integrated fitness monitors, which are now well established in the industry.
Innovation S-curve for Internet of Things in the healthcare industry
Compliance monitoring pill dispensers is a key innovation area in Internet of Things
Compliance monitoring pill dispensers are used to monitor a patient's compliance with a prescription dosage regimen. It allows remote visualisation of the dose storage compartments in a medicine dispenser device. A robotic centralised automated dispenser significantly reduces the likelihood of error by organising many medications without human assistance, improving pharmaceutical operations, and providing security.
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 60+ companies, spanning technology vendors, established healthcare companies, and up-and-coming start-ups engaged in the development and application of compliance monitoring pill dispensers.
Key players in compliance monitoring pill dispensers – 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 compliance monitoring pill dispensers
Source: GlobalData Patent Analytics
Becton Dickinson is one of the leading patent filers in the field of compliance monitoring pill dispensers. Some other key patent filers in the field include Yuyama, Fresenius, Fujifilm and PerceptiMed.
In terms of application diversity, DEKA Research and Development leads the pack, followed by CKD and Hyprotek. By means of geographic reach, AcelRx Pharmaceuticals held the top position, followed by GoFire and Access Business Group International in second and third spots, respectively.
Compliance monitoring pill dispensers enable the safe storage of pharmaceuticals and the computerised tracking of drug usage. It helps in generating reports to help identify and prevent drug course deviations. In this age of technological advancement, pill dispensing systems have unquestionably met the requirements for an effective medication administration system and are a step towards boosting patient safety and efficacy.
To further understand how Internet of Things is disrupting the healthcare industry, access GlobalData’s latest thematic research report on Internet of Things in Healthcare.