The global healthcare industry experienced a 58% decline in the number of personal health data-related patent applications in Q3 2024 compared with the previous quarter. The total number of personal health data-related grants remained flat 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 personal health data-related patent applications in the healthcare industry was 115 in Q3 2024, versus 271 in the prior quarter.
The top five companies accounted for 19% of patenting activity
Analysis of patenting activity by companies shows that Koninklijke Philips filed the most personal health data patents within the healthcare industry in Q3 2024. The company filed 7 personal health data-related patents in the quarter, compared with 5 in the previous quarter. It was followed by Baxter International with 5 personal health data patent filings, Oracle (4 filings), and GE HealthCare Technologies (4 filings) in Q3 2024.
Patenting activity was driven by the US with a 70% share of total patent filings
The largest share of personal health data related patent filings in the healthcare industry in Q3 2024 was in the US with 70%, followed by China (12%) and Australia (2%). The share represented by the US was 39% higher than the 31% 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.
