Brett Trout
The wearable technology industry is experiencing a patent gold rush, as companies race to secure intellectual property rights in an increasingly competitive market. According to the newly released IoMT Wearable Devices Patent Landscape Report and Forecast 2024-2032, the Internet of Medical Things (IoMT) sector is projected to grow from $34.93 billion in 2023 to a staggering $225.1 billion by 2032. In response to this unprecedented growth, tech firms are aggressively filing patents to protect their innovations in wearable sensor technology, AI integration, and connectivity solutions?.
The Patent Boom in IoMT Wearables
Wearable medical devices—ranging from smartwatches and fitness trackers to clinical-grade health monitors—are evolving rapidly. Innovations in miniaturized sensors, AI-powered diagnostics, and real-time data transmission are driving this surge in patent activity. Leading companies such as Veniam Inc. and Abiomed Inc. are investing heavily in connectivity solutions and pain management using neuromodulation technologies?.
Patent Hotspots: U.S., Europe, and Asia
The patent race is unfolding across multiple regions, each with its own strengths:
- United States: Leads with over 600 patents, fueled by robust research funding and AI-driven health monitoring innovations.
- Europe: Holds around 500 patents, focusing on non-invasive monitoring and connectivity solutions.
- Asia (China & Japan): Close behind with 450 patents, emphasizing cost-effective manufacturing and novel health monitoring applications?.
AI Integration: The Next Frontier in Wearable Tech
AI and machine learning algorithms are becoming a core focus for patent filings. These technologies enable predictive health monitoring and real-time diagnostics, making wearable devices smarter and more intuitive. From AI-powered motion trackers to smart rings capable of differentiating between object and body temperatures, the next generation of wearables is already taking shape?.
Samsung’s Next-Gen Galaxy Ring
Samsung is one of the latest players securing patents for a next-generation smart ring. The Galaxy Ring 2 is rumored to feature new motion sensors, temperature detection for objects and users, and possible haptic feedback for alerts. While not all patent application translate into commercial products, this flurry of patent application filings suggests that the wearable tech landscape is staged for a considerable leap forward?.
Corporate Takeovers and Patent Wars
The fight for patents isn’t just happening in research labs—it’s also playing out in boardrooms. HP’s recent acquisition of Humane, a wearable AI startup, is a prime example. Once valued at $850 million, Humane collapsed after poor product reviews and was acquired for just $116 million. However, HP sidestepped purchasing the failed devices—opting instead to secure the patents, software, and AI talent. This highlights a growing trend: companies are increasingly acquiring and valuing intellectual property over products?.
The Future of Wearable Tech Patents
As AI-powered health monitoring, gesture control, and smart accessories become more sophisticated, expect an even fiercer battle for patents. Companies that secure early intellectual property rights will dictate the direction of next-gen wearables, shaping healthcare, fitness, and extended reality (XR) applications.
For startups and tech giants alike, one thing is clear: if you’re not filing patents, you’re falling behind.
Recent Comments