The medical device industry is experiencing significant advancements in electronic medical record (EMR) systems, driven by cutting-edge technologies that are reshaping patient care and healthcare management. Recent patents showcase innovations such as AI-driven monitoring during telemedicine sessions for real-time treatment adjustments, patient-controlled health records for secure data sharing, and intelligent report generation systems that automate medical documentation. Additionally, new methods for anonymizing patient images ensure compliance with privacy regulations while preserving data utility. GlobalData’s electronic medical record (EMR) systems market report provides comprehensive analysis of the market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the medical device industry regarding EMR systems. It provides an overview of recent developments in EMR systems-related deals, talent acquisition, and patent filings within the medical device industry.
Diverse applications of electronic medical record (EMR) systems in medical device industry
Medical companies are leveraging innovative technologies in Electronic Medical Record (EMR) Systems to enhance patient care and streamline healthcare processes. Recent patents highlight advancements such as AI-driven monitoring during telemedicine sessions, enabling real-time treatment adjustments based on user data. Additionally, a patient-controlled health record system facilitates secure, automated data sharing between patients and healthcare providers, improving communication and care coordination. Intelligent report generation systems are set to automate medical documentation, reducing administrative burdens. Furthermore, methods for anonymizing patient images ensure compliance with privacy regulations while maintaining data utility. These technologies collectively empower healthcare providers to deliver more personalized, efficient, and secure patient care, ultimately benefiting both patients and practitioners.
The industry experienced a 4% decline in the number of EMR systems-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of EMR systems-related patent applications in the medical device industry witnessed a drop of 0.85% compared with Q2 2023.
Strategic deal trends in electronic medical record (EMR) systems in medical device industry
Medical Device companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in EMR systems. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of EMR systems in the medical device industry.
In Q2 2024, the number of EMR systems-related deals in the medical device industry grew by 38% compared with Q2 2023. On a quarterly basis, there was 57% increase in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the medical device industry experienced a 2% drop compared with the previous quarter. On an annual basis, job postings also grew by 3%. Notably, healthcare practitioners and technical occupations, with a share of 35%, emerged as the top EMR systems-related job roles within the medical device industry in Q2 2024, with new job postings rising by 3% quarter-on-quarter. Computer and mathematical occupations came in second with a share of 14% in Q2 2024, with new job postings rising by 11% over the previous quarter. The other prominent EMR systems roles include office and administrative support occupations with a 9% share in Q2 2024, and management occupations with a 8% share of new job postings.
CIOX Health, Netsmart Technologies, MDI Achieve, Fresenius SE & Co, and Thermo Fisher Scientific are among the top companies leading in EMR systems hiring within the medical device industry.
Countries driving adoption of electronic medical record (EMR) systems in medical device industry
The US is the leading country in EMR systems adoption within the medical device industry, boasting the highest number of EMR systems-related patents, jobs, and deals. Meanwhile, the UK, India, Japan and Switzerland also maintain significant positions in EMR systems adoption within the medical device industry.
While there has been a slight decline in patent applications, the substantial growth in EMR systems-related deals and job postings underscores the sector's ongoing commitment to advancing healthcare technology. These developments are crucial for enhancing data management and patient care in the medical device industry.
To further understand GlobalData's analysis on electronic medical record (EMR) systems in the medical device industry, buy the report 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 Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. 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.
