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: Point-of-care MRI imaging. Buy the report here.

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

Point-of-care MRI imaging is a key innovation area in Internet of Things

POC MRI imaging is useful and safe for patients in neurological intensive care, and 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. 

POC MRI imaging is easy to access and allows immediate results. It does not require waiting or transporting of 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 Internet of Things is disrupting the healthcare industry, access GlobalData’s latest thematic research report on Internet of Things (IoT) in Healthcare.

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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.