In this 2022 report, PatSnap outlines the future of wearable devices like fitness trackers and body sensors. The report discusses the impact these devices are having on the healthcare industry, as well as the IP and innovation trends they are creating.
Sponsored Content by PatSnapJan 10 2023Reviewed by Emily Magee More than 722 million wearable devices in 2019 were in use globally, and it is anticipated that this figure will reach one billion by the end of the year. Wearable electronics are altering everyday life, from smart jewelry and apparel to fitness monitors and body sensors that monitor health and well-being.
The charts and graphs used throughout this article were sourced from PatSnap’s Al-powered innovation intelligence platforms, which include Discovery, Analytics and Insights. Approximately 30% of adults in the United States use wearable electronics to track their health and well-being. Wearable devices have an impact on the healthcare sector in numerous ways, including heart rate and blood pressure monitoring, daily step tracking, fitness reminders, and sleep pattern analysis.
Difficulties associated with patenting wearable medical technology Patent trends in the healthcare industry are depicted in the graph below as they relate to wearable technologies. Granted patents are represented by green lines, patent applications are represented by dark blue lines, and projected future application trends are identified via the light blue lines. The number of wearable device patent applications has been consistently on the rise since 2016.
Companies can bypass these restrictions by changing their patent requirements and connecting them to particular medical uses rather than therapeutic techniques. Under the Hatch-Waxman Agreement, organizations can request a patent term extension to mitigate infringement issues during this time. When the patent holder cannot use their patent rights due to FDA restrictions, the patent term is extended by up to five years.
Additionally, the availability of manufacturers facilitates the transition of an idea from concept to commercialization. To impact the healthcare sector, particularly early disease detection, governments, insurance companies, and private firms must collaborate to make these devices just as accessible as medications to those who need them the most.Key wearable device patents As the number of granted patents increases, so will funding for startup companies and technology-based mergers and acquisitions .
These companies are effectively migrating their technologies to adjacent sectors, resulting in valuations of $13,000,000 and more. Valuations aid strategic decisions and corporate direction, which are often advocated by IP/legal professionals and experts. Patent information must be supplemented with other leading indications such as technical news, investments, and market dynamics. These data points ensure that enterprises operating in the wearable device market can limit risks related to infringement and failures.Image Credit: PatSnap
With competition rising daily and more money invested in research and development than ever before, many companies are collaborating through mergers and acquisitions . Mergers and acquisitions reduce costs while boosting effect and efficiency. Although this is only one example, it highlights why many firms operating within the wearable medical devices industry find mergers an attractive option.Wearable technology is attracting more investors as it continues to develop in popularity. This is particularly clear when looking at statistics from the last six years. There has been a noticeable increase in patent applications. The industry is not expected to slow down any time soon, with a CAGR of 13.67% projected between now and 2027.
Another appealing feature for investors is the regulatory approvals in certain jurisdictions, such as those in the United States. For instance, the FDA approved Biobeat’s remote patient monitoring device in March 2022. This device monitors respiratory rate, body temperature, cuffless blood pressure, blood oxygen levels, and pulse rate.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Renewable Energy Had A Banner Year In 2022 | OilPrice.com2022 was a big year for renewable energy, with several countries breaking renewable records and new capacity growing at a fast enough rate to meet all new electricity demand
続きを読む »
Albon: Williams' 2022 F1 car balance issues left it 'tied in' at certain tracksFormulaNerds.com — Latest News — Alex Albon firmly believes that Williams' FW44 could have been 'much quicker' had it fixed the balance issues that left it 'tied in' at certain tracks.
続きを読む »
Copper Plagued By Supply And Demand Volatility In 2022 | OilPrice.com2022 proved a volatile year for copper prices as the industry battled a host of problems including political unrest in producers Chile and Peru and a zero-covid policy in importer China
続きを読む »
Albon: Williams’ 2022 car could have been ‘much quicker’ with right balanceAlex Albon believes Williams’ 2022 Formula 1 car could have been “much quicker” had it resolved the balance issues that left it “tied in” at certain tracks.
続きを読む »
Helen Skelton sends message to people she's actually 'grateful' forHelen Skelton has thanked those who made her feel 'fab'
続きを読む »
Xbox Leaderboards for 2022: How did you do?You can now dive into the 2022 TA Xbox leaderboards to see where you placed. Filter by genre, location, and platform, and see how you compare to your friends... check it out!
続きを読む »