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
(Tableau not working? Click here for a standalone version)