The medical devices industry continues to be a hotbed of innovation. Activity is driven by an increased need for homecare, preventative treatments, early diagnosis, reducing patient recovery times and improving outcomes, as well as a growing importance in technologies such as machine learning, augmented reality, 5G, and digitalisation. In the last three years alone, there have been over 450,000 patents filed and granted in the medical devices industry, according to GlobalData’s report on Artificial Intelligence in Medical Devices: Medical Imaging Informatics. Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over 550,000 patents to analyse innovation intensity for the medical devices industry, there are 150+ innovation areas that will shape the future of the industry.
Medical imaging informatics is a key innovation area in artificial intelligence
Medical imaging informatics is a part of biomedical informatics that is used to generate digital medical images and cater to their management, transfer, storage, distribution, perception, privacy, and security. Medical imaging informatics applies information technologies (IT) to improve the efficiency and reliability of medical services through data.
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 90+ companies, spanning technology vendors, established medical devices companies, and up-and-coming start-ups engaged in the development and application of medical imaging informatics.
Key players in medical imaging informatics – a disruptive innovation in the medical devices industry
‘Application diversity’ measures the number of different applications identified for each relevant patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to medical imaging informatics
Source: GlobalData Patent Analytics
Heartflow is one of the leading patent filers in the field of medical imaging informatics. Other leading patent filers include Siemens, Koninklijke Philips, Fujifilm Holdings, Canon, and CathWorks.
In terms of application diversity, Applied Lifesciences and System leads the pack, followed by Elekta and LVIS. By means of geographic reach, UCB holds the top position, followed by Applied Lifesciences and System and LVIS in the second and third spots, respectively.
Advancements in the field of medical imaging informatics will improve the quality of images, leading to better disease diagnosis and transforming imaging informatics. The increasing demand for faster and more accurate medical data extraction will result in a paradigm shift in imaging informatics.
To further understand the key themes and technologies disrupting the medical devices industry, access GlobalData’s latest thematic research report on Medical Devices.
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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.
