The global healthcare industry experienced a 78% decline in the number of environmental sustainability-related patent applications in Q3 2024 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 18% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Healthcare: Patents Trends Q3 2024 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 environmental sustainability-related patent applications in the healthcare industry was 202 in Q3 2024, versus 933 in the prior quarter.
The top five companies accounted for 15% of patenting activity
Analysis of patenting activity by companies shows that DexCom filed the most environmental sustainability patents within the healthcare industry in Q3 2024. The company filed 11 environmental sustainability-related patents in the quarter, compared with 10 in the previous quarter. It was followed by Medtrum Technologies with 7 environmental sustainability patent filings, CorVista Health (5 filings), and Chinese Academy of Sciences (4 filings) in Q3 2024.
Patenting activity was driven by the US with a 32% share of total patent filings
The largest share of environmental sustainability related patent filings in the healthcare industry in Q3 2024 was in the US with 32%, followed by Japan (13%) and China (10%). The share represented by the US was 23% higher than the 10% share it accounted for in Q2 2024.
For further understanding of GlobalData's Healthcare: Patents Trends Q3 2024, buy the databook here.
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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.
