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Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

Quarterly Report: Innovation Q2 2016

Intellectual property continues to be the lifeblood of health technology firms. The Medical Alley Association’s review of the first half of 2016, as compared to the first half of 2010-2015, demonstrates that invention and patent applications are reaching record numbers, while patent grants continue to steadily maintain significant growth from 2010-2013 (2016 up 84% from 2010).

The steady rise of patent applications (up 24% from 2010-2016) bodes well for patients and healthcare systems demanding new technologies, with 2016 reaching an all-time, first-half high of 18,767. The significant investments in drug development over the past 20 years is proving successful, as drug-related technology patents lead all sectors in the growth of patent grants (up 98%). Healthcare demands continue to evolve; this is most evident in the shift in patent applications – diagnostic technology applications are now nearly double that of drug or device-related applications.

Read the executive summary

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