The medical device industry is driven by the growing need for home health care, preventive care, early diagnosis, reduced patient recovery time, and improved outcomes, as well as the growing importance of technologies such as machine learning and augmented technology. and continues to be a hotbed of innovation. Reality, 5G, digitization. GlobalData reports that in the last three years alone, more than 450,000 patents have been filed and granted in the medical device industry. Environmental Sustainability in Medical Devices: Driver Health Monitoring.
However, not all innovations are the same, nor are they always on the rise. Instead, their evolution takes the form of an S-shaped curve that reflects a typical lifecycle from early emergence to accelerated adoption before finally reaching stable maturity.
Identifying where specific innovations are on this journey, especially those in the emerging or accelerating stages, is essential to understanding current levels of adoption and future trajectory and impact.
150+ Innovations Shaping the Medical Device Industry
According to GlobalData’s Technology Foresights, which plotted the medical device industry’s S-curve using an innovation intensity model built on over 550,000 patents, there are over 150 innovation areas that will shape the industry’s future.
Within emerging Innovation stage, robotic 3D bioprinting, and 3D printed prostheses are disruptive technologies that are in the early stages of application and should be followed closely. Sharps disposal containers, biomedical 3D printing, and 3D printing of teeth are just some of them. To accelerate An area of innovation where adoption is steadily increasing.in maturing An innovative area is the sealing of biocompatible surgical accessories and bioactive prostheses, which is now well established in the industry.
The Innovation S-Curve for Environmental Sustainability in the Medical Device Industry
Driver health monitoring is a key area of innovation in environmental sustainability
A driver health monitoring system is a safety measure that tracks a driver’s blood sugar, blood pressure, stress, and heart rate in real time while driving a car through sensors, wearable devices, and cameras. This is usually done via handles, but other collection methods are starting to become more popular.
GlobalData’s analysis also reveals the companies at the forefront of each innovation area and assesses the potential reach and impact of their patent activity across various applications and geographies. There are more than 30 companies, according to GlobalData, spanning technology vendors, established medical device companies, and up-and-coming start-ups engaged in the development and application of driver health monitoring.
A Key Player in Driver Health Monitoring – Disruptive Innovation in Medical Devices industry
“Application Diversity” measures the number of different applications identified for each relevant patent and broadly categorizes companies into “niche” or “diverse” innovators.
“Geographic coverage” refers to the number of different countries in which each patent is registered, reflecting the breadth of intended geographic application, from “global” to “local.”
Hyundai Motor Group is one of the leading patent applicants for monitoring driver health. Other leading patent applicants in this field include: Honda Motor Co., Ltd. and ford motor.
In terms of application diversity, Smart Eye is the leader, followed by Kia and Honda Motor Co., Ltd.In terms of geographic reach, Huawei Investment & Holding holds the top position, followed by yamaha motor and Nissan Motorin the second and third spots respectively.
Driver health monitoring systems can help easily identify health issues such as cardiac arrest and alert relevant parties so that assistance can be provided to the driver as soon as possible. Future advances in technology may allow continuous monitoring of driver health and safety, even in adverse environmental conditions or in non-network zones.
To better understand the key themes and technologies disrupting the medical device industry, visit GlobalData’s latest thematic research reports. Medical equipment.
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