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: Remote EMR applications.
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
Remote EMR applications is a key innovation area in Internet of Things
Remote electronic medical records (EMR) contain the patient's medical and treatment history in a digital version of the paper chart that includes test records, diagnoses, allergies, medicines, immunisations, and treatment plans. Remote electronic medical records have advantages over paper records because data can be tracked over time and location and quickly determine which patients require preventative screenings or checks.
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 remote EMR applications.
Key players in remote EMR applications – 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 remote EMR applications
Source: GlobalData Patent Analytics
Baxter International is one of the leading patent filers in the field of Remote EMR application. Some other key patent filers in the field include DexCom, Johnson & Johnson, and Samsung Group.
In terms of application diversity, ARC Devices leads the pack, followed by Enlitic and Johnson & Johnson, respectively. By means of geographic reach, Sonitus Medical held the top position, followed by DEKA Research and Development, and ThoughtWire in second and third spots.
Remote electronic medical records (EMR) are easy to access and enable the doctor to keep an eye on the patient’s condition with greater precision, control, and flexibility across the locations that the physician works at. It also helps to reduce the number of hospitalisations and readmissions, and all of these improve life quality 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.