Cognitive Enhancement Wearable Technology Patent Landscape Report, 2017-2023 & 2024-2032 with Patent Profiles of Abbott Laboratories, IBM, Nestec, University of California, and Koninkl Philips Electronics
Globenewswire·2025-03-04 15:36

Market Overview - The cognitive enhancement wearable technology market was valued at USD 332.6 billion in 2023 and is projected to grow at a CAGR of 15.2%, reaching USD 1.18 trillion by 2032 [1][19]. - The estimated market value in 2024 is USD 383.1 billion, with a forecasted value of USD 1,188.3 billion by 2032 [19]. Patent Landscape - The market is characterized by a dynamic patent landscape, with significant innovations in EEG and neurostimulation technologies, advanced miniaturization, and digital integration driving extensive patent filings [2][9]. - The United States leads with over 600 patents, followed by Europe with approximately 500 patents, and Asia-Pacific with 450 patents [4][13]. Key Companies - Abbott Lab is a leader in the patent landscape with over 300 patents filed historically and 120 currently in progress, focusing on advanced EEG and neurostimulation technologies [15]. - IBM Corporation has filed 250 patents historically and is pursuing 100 patents, emphasizing miniaturized and user-friendly devices [16]. - Nestec SA holds 200 patents historically and 90 currently active, focusing on the integration of wearable devices with digital platforms [17]. Technology Analysis - EEG technology dominates the cognitive enhancement wearable technology segment, with over 400 patents filed historically and 150 currently active [10]. - Headbands lead the device type segment with over 300 patents filed historically and 120 currently active, reflecting their convenience in consumer and clinical settings [11]. Future Projections - The patent landscape is expected to see over 200 additional patents focusing on advancements in EEG technology and over 180 additional patents for headband designs [10][11]. - Future projections for Abbott Lab suggest over 150 additional patents, while IBM Corporation anticipates around 130 more patents [15][16].