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May 6, 2022updated 09 May 2022 8:53am

Healthtech innovation among mining industry companies has dropped off in the last year

Analysis of patent filings shows a shrinking level of healthtech related applications in the industry over the past year

By Data Journalism Team

Research and innovation in healthtech in the mining industry operations and technologies sector has declined in the last year.

The most recent figures show that the number of healthtech-related patent applications in the industry stood at 11 in the three months ending March – down from 22 over the same period in 2021.

Figures for patent grants related to healthtech followed a similar pattern to filings – shrinking from 12 in the three months ending March 2021 to six in the same period in 2022.

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas and linked to key companies across various industries.

Healthtech is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from. The figures also provide an insight into the largest innovators in the sector.

Honeywell International was the top healthtech innovator in the mining industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the US, filed eight healthtech related patents in the three months ending March. That was down from 13 over the same period in 2021.

It was followed by the Japan-based Nippon Steel Corp with one healthtech patent application, South Korea-based POSCO (1 application), and Germany-based ThyssenKrupp (1 application).

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