Global Digital Patient Monitoring Devices Patent Landscape Report 2024

Global Digital Patient Monitoring Devices Market Size

The global digital patient monitoring devices market was valued at USD 125.12 billion in 2023. It is expected to grow at a CAGR of 19.2% during the forecast period of 2024-2032 and attain a market value of USD 607.87 billion by 2032.

The market growth is driven by the increasing prevalence of chronic diseases across the globe. The growing technological advancements in modern digital patient monitoring devices are boosting the number of patent applications in the industry. 

Patent Landscape Report Coverage

The Global Digital Patient Monitoring Devices Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for digital patient monitoring devices include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with digital patient monitoring devices. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within digital patient monitoring device technologies.

Key Inclusions

• Patent Valuation Analysis

An evaluation and competitive benchmarking of key members of unique patent families are covered in the analysis for digital patient monitoring device technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with digital patient monitoring devices.

• Analysis of Patent Applications

A comprehensive summary of several patent applications which were filed across different jurisdictions for digital patient monitoring devices and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.

• Analysis of Granted Patents

Detailed analysis of the granted patents across different jurisdictions for digital patient monitoring devices and their relative value in the IP are covered in the final report.

Digital Patient Monitoring Devices Patent Outlook

• The need for digital patient monitoring devices is being driven by the increased prevalence of chronic diseases, including diabetes, cardiovascular disorders, and respiratory conditions. These gadgets offer ongoing monitoring, which aids in the efficient management of chronic illnesses and enhances patient outcomes.

• The patent landscape is positively impacted by the rising adoption of wearable technology amongst the masses. Smartwatches and fitness trackers are types of wearable technology advancements that improve the functionality of digital patient monitoring devices. More precise, real-time health data collection and integration with digital health platforms are made possible by advancements in sensors and connectivity.

• The need for digital patient monitoring devices is increased by the growth of telehealth services because these tools enable remote health monitoring and virtual consultations. These devices facilitate telehealth by giving medical professionals access to crucial data without requiring face-to-face consultations.

What are Digital Patient Monitoring Devices?

Digital patient monitoring devices are devices that track and record a variety of health parameters, including heart rate, blood pressure, glucose levels, and oxygen saturation, either continuously or on a periodic basis. These gadgets provide real-time data transmission to caregivers or healthcare professionals, facilitating remote monitoring, early health issue detection, and individualized patient care management.

The components of digital patient monitoring devices include wireless sensor technology, mHealth, telehealth, wearable devices, and remote patient monitoring. Wireless sensor technology uses sensors to gather data and wirelessly transfer it to a central system for processing and analysis. With the use of this technology, a variety of environments and systems can be remotely monitored and controlled, increasing productivity, and decreasing the need for wired infrastructure.

Digital Patient Monitoring Devices Industry Growth Drivers

Technological Advancement is Expected to Boost the Patent Industry Growth

Digital patient monitoring devices are more accurate and functional thanks to wearable technology advancements like better sensors and connectivity features. For instance, Fitbit released its Fitbit Charge 6, a wearable with sophisticated health monitoring features. Improved sensors on the Charge 6 measure blood oxygen levels, heart rate, and sleep patterns. Such innovations allow better patient outcomes and management by enabling the collection of accurate and latest health data. This launch demonstrates how wearable technology advancements give consumers more thorough and precise health insights, which fuels the expansion of digital patient monitoring. Patents covering these technologies are crucial for companies and thus impact the digital patient monitoring device patent landscape. As a result, there has been an increase in patent activity focused on enhancing the performance of digital patient monitoring devices. There were 10,944 patents granted in 2022 and by 2023 around 12,255 patents were granted.

Growing Adoption of Telehealth Services is Expected to Propel Digital Patient Monitoring Devices Patent Industry

The need for digital patient monitoring devices is fueled by the growth of telehealth services, which make remote health management and virtual consultations possible. These devices enable remote diagnosis and treatment by enabling the constant transfer of health data to medical professionals.

Digital Patient Monitoring Devices Patent Segmentation

The report will cover the following sections in detail:

Analysis by Product

• Diagnostic Monitoring Devices
  • Vital Sign Monitors
  • Sleep Monitors
  • Fetal Monitors
  • Neuromonitors
  • Other Monitors

• Therapeutic Monitoring Devices
  • Insulin Monitors
  • Respiratory Monitors
  • Other Monitors

Analysis by Technology

• Wireless Sensor Technology

• mHealth

• Telehealth

• Wearable Devices

• Remote Patient Monitoring

Digital Patient Monitoring Devices Patent Segmentation Analysis

The breakup based on product includes diagnostic monitoring devices and therapeutic monitoring devices. Diagnostic monitoring devices are used to measure and evaluate a range of health indicators to identify and treat illnesses. Advanced technology is used by digital patient monitoring devices to continuously gather and transmit health data, allowing for more individualized patient care and real-time remote monitoring.

Detailed technological data will be provided for all specified segments classified in this report.

Digital Patient Monitoring Devices Patent Jurisdiction Analysis

The United States is one of the leading jurisdictions for digital patient monitoring device patents, having around 300,000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.

Patent Profile of Key Companies

Among the players with digital patient monitoring devices patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the digital patient monitoring devices field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:

Medtronic Inc 

Founded in 1949, Medtronic Inc. is a leading global leader in digital patient monitoring devices and medical technology. The company, which has its headquarters in Minneapolis, Minnesota, specializes in a broad range of goods and services meant to enhance patient outcomes for a variety of illnesses.

Koninklijke Philips NV

Established in 1891, Koninklijke Philips NV is a multinational corporation with its headquarters located in Amsterdam, Netherlands. With a focus on healthcare technology to improve patient care and health outcomes, it is a leading innovator in digital patient monitoring devices.

Other companies include Medimedia Gmbh, Edwards Lifesciences Corp, Ethicon Llc, IBM, Cardiac Pacemakers Inc, Covidien LP, Ethicon LLC, Pacesetter Inc, Abbott, Massachusetts Inst Technology, F. Hoffmann La Roche, Samsung Electronics Co Ltd, Cilag Gmbh Int, and Cerner Innovation Inc, among others.

Reasons to Purchase this Report

The Digital Patient Monitoring Devices Patent Report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by - 

• Competitive Advantage: The landscape reveals the market leaders, potential partners and innovators and makes it understandable which companies have important patents in this field of digital patient monitoring devices. 

• Innovation Insights: The patent analysis reveals new innovations and technologies in digital patient monitoring devices. 

• Market Positioning: Companies with strong patent portfolios gain a competitive advantage because their intellectual property assets differentiate their products. Understanding their intellectual property strategy reveals the market position of new entrants and potential barriers to entry within the digital patient monitoring devices patent landscape.

• Risk Assessment: In technology-intensive fields such as digital patient monitoring devices, risks of IP infringement are common. Analyzing patent landscapes helps companies assess risk, develop mitigation strategies, and inform licensing, partnering, and acquisition decisions.

Key Questions Answered in the Digital Patient Monitoring Devices Patent Landscape Report

• Who are the key players in the digital patient monitoring devices patent landscape?
• How is the patent portfolio distributed geographically?
• What are the emerging trends in digital patient monitoring device patents?
• How has the patent landscape evolved over time?
• What are the strategic insights for market players and investors?
• What is the technological focus of patents in the digital patient monitoring devices industry?
• How do patent strategies impact competitive advantage?
• What are the implications of patent filings in digital patient monitoring devices?
• What are the challenges and opportunities in the digital patient monitoring devices patent landscape?
• What are the regulatory and legal considerations?
• What technological innovations have recently emerged in digital patient monitoring devices?

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