The global healthcare industry experienced a 4% decline in the number of smart hospitals-related patent applications in Q4 2023 compared with the previous quarter. The total number of smart hospitals-related grants dropped by 6% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Healthcare: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.

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Notably, the number of smart hospitals-related patent applications in the healthcare industry was 3,200 in Q4 2023, versus 3,336 in the prior quarter.

The top five companies accounted for 11% of patenting activity

Analysis of patenting activity by companies shows that Johnson & Johnson filed the most smart hospitals patents within the healthcare industry in Q4 2023. The company filed 101 smart hospitals-related patents in the quarter, compared with 91 in the previous quarter. It was followed by Koninklijke Philips with 96 smart hospitals patent filings, Medtronic (71 filings), and DexCom (42 filings) in Q4 2023.

Patenting activity was driven by China with a 31% share of total patent filings

The largest share of smart hospitals related patent filings in the healthcare industry in Q4 2023 was in China with 31%, followed by the US (29%) and Japan (6%). The share represented by China was 4% higher than the 27% share it accounted for in Q3 2023.

For further understanding of GlobalData's Healthcare: Patents Trends Q4 2023, buy the databook here.

This content was updated on 23 January 2024

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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.