“Beyond Boundaries: AI’s Evolution in Healthcare, Patent Clashes, and Crafting a Healthier Tomorrow”

Artificial Intelligence robot and a futuristic data panel background

AI-related patent filings for healthcare are skyrocketing! How many years will we get out of AI? And are we currently during the patent battles, or when will they begin?

We can now see the massive investments made by the major technology companies in the healthcare industry in the volume of patent applications. More than $3.1 billion was invested in the healthcare sector by Apple, Alphabet, Amazon, Microsoft, and Meta in 2021 alone twice as much as in 2016, and these investments are still being made. PWC estimates that by 2030, the world’s healthcare budget will reach $15 billion, with software, data, and AI applications accounting for a large portion of this amount.

The number of healthcare-related AI patents has increased by 224% in the last five years. The most recent statistics on the healthcare revolution during the previous five years have been released by Mustafa Cakir, one of my newsletter co-authors:

Machine learning: an increase of 185500%!
Neural network learning: a 1700% gain!
Recognition of images and videos: 1255% increase!

Large-scale tech investments included, for instance:

Amazon: To establish a presence in the healthcare industry, the company depends on its voice technology know-how and its cloud subsidiary, Amazon Web Services (AWS). It starts new healthcare initiatives through partnerships and mergers.

Microsoft: It is a developing and innovative system for the advancement of healthcare.

Apple: Seeks to transform its consumer goods into useful clinical research instruments and transportable health centers.

Google and Oracle compete to become the go-to cloud platform for software developers, life sciences companies, and healthcare providers.

There will be consequences from these IP investments, hopefully including an increase in average life expectancy. Because of a Masimo patent, Apple will no longer be able to monitor blood oxygen in the USA in its current Apple Watch models. This will not be an isolated incident.

IP is a massive issue for anyone working in the healthcare industry. Every day, the forest grows larger and larger, and nothing needs IP to harm its reputation.

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