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 Robotics in Healthcare: Interactive Exercise System.
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, microfluidic devices, static computer-aided implant surgery (s-CAIS), and digital pathology guided robotic surgery are disruptive technologies that are in the early stages of application and should be tracked closely. Interactive exercise system, computer-aided dental prostheses, and automated genetic screening are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas is the automated drug dispensing systems, which is now well established in the industry.
Innovation S-curve for robotics in the healthcare industry
Interactive exercise system is a key innovation area in robotics
Interactive exercise equipment enables users to keep a watch on their fitness goals with assistance from the equipment itself. The workout equipment not only provides users with visual, auditory, and tactile input, but it also keeps them updated on numerous metrics while they are using it.
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 40+ companies, spanning technology vendors, established healthcare companies, and up-and-coming start-ups engaged in the development and application of interactive exercise system.
Key players in interactive exercise system – 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 interactive exercise system
Source: GlobalData Patent Analytics
NIKE is one of the leading patent filers in the field of interactive exercise systems. Some other key patent filers in the field include adidas, Toyota Motor, Peloton Interactive, and iFIT Health & Fitness.
In terms of application diversity, Motorika leads the pack, followed by Toyota Motor and MediVR, respectively. By means of geographic reach, F45 Training held the top position, with Teijin and EW Healthcare Partners in second and third spots, respectively.
The Interactive Exercise system not only provides users with visual, auditory, and tactile input, but it also keeps them updated on numerous metrics while they are using it. It is a two-way street; the machine will not only listen to your input but will also respond with its own.
To further understand the key themes and technologies disrupting the healthcare industry, access GlobalData’s latest thematic research report on Healthcare.