Patents
Patent applications related to IoT witnessed 9% average annual decline in the medical device industry since 2021
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The global medical device industry experienced a 9% annual average decline in the number of IoT-related patent applications between 2021 and 2023. The total number of IoT-related grants, however, increased by an AAGR of 1% during the same period, according to GlobalData's patent analytics database.
Notably, the number of IoT-related patent applications in the medical device industry was 28,696 since 2021, while 16,546 applications were granted.
The top five assignees by filings accounted for 15% of patent applications
Analysis of patent applications by assignee shows that Samsung Group filed the most IoT patents within the medical device industry since 2021. The company filed 838 IoT-related patents since 2021.
It was followed by Medtronic (649 applications), DexCom (538 applications), Koninklijke Philips (481 applications), and Abbott Laboratories (458 applications).
The top five assignees by grants accounted for 16% of successful patent grants
Analysis of patent grants by assignee shows that Samsung Group was granted 607 patents related to IoT within the medical device industry since 2021. It was followed by Koninklijke Philips (379 grants), DexCom (330 grants), Abbott Laboratories (289 grants), and Medtronic (289 grants).
Patent activity was driven by the US with a 45% share of total patent publications
The largest share of IoT-related patent publications in the medical device industry since 2021 was held by the US with 45%, followed by China (22%) and South Korea (10%).
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patents Analytics tracks patent filings and grants from official patent offices around the world. Proprietary 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.
