The healthcare industry continues to be a hotbed of patent innovation. Activity is 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 156,000 patents filed and granted in the healthcare industry, according to GlobalData’s report on Cybersecurity in healthcare: patient data blockchain. Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over 95,000 patents to analyze innovation intensity for the healthcare industry, there are 30+ innovation areas that will shape the future of the industry.
Patient data blockchain is a key innovation area in cybersecurity
Blockchain in healthcare allows protecting and exchanging patient data among physicians, hospitals, laboratories, and pharmacists. Blockchain technology has replaced conventional methods of storing similar patient data by different organizations and allows better diagnosis and personalized treatment plans as per the patient’s treatment history.
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 110+ companies, spanning technology vendors, established healthcare companies, and up-and-coming start-ups engaged in the development and application of patient data blockchain.
Key players in patient data blockchain – a disruptive innovation in the healthcare industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to patient data blockchain
Source: GlobalData Patent Analytics
Bluefins Payment Systems is the leading patent filer in the field of patient data blockchain. Some other key patent filers in the field include Koninklijke Philips and DexCom.
In terms of application diversity, MDClone leads the pack, followed by ResMed and CircaGene. By means of geographic reach, Bluefin Payment Systems holds the top position, followed by CMR Surgical and Laboratory of America in second and third spots, respectively.
Information exchange using blockchain in healthcare has proved to be effective in providing better drug traceability, better treatment plans, better management of the supply chain, and improved patient outcomes. Data stored using blockchain is decentralized and secure. However, the development cost and expert knowledge required for data processing using blockchain may hinder the usage of this technology.
To further understand how cybersecurity is disrupting the healthcare industry, access GlobalData’s latest thematic research report on Healthcare.
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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.
