Determining Technology Life Cycle Prediction based on Patent Bibliometric Data

The primary purpose of the present study is to determine the life cycle and technology prediction based on patent bibliometric data using Markov hidden model. The study population included 50,915 patent licenses in medical equipment extracted from the US Patent and Trademark Office database from 197...

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Main Authors: Ali Mansouri, Maryam Mohammadpour
Format: Article
Language:English
Published: Regional Information Center for Science and Technology (RICeST) 2023-07-01
Series:International Journal of Information Science and Management
Subjects:
Online Access:https://ijism.ricest.ac.ir/article_705739_2ba8491cfc3f172f48e6429d2937e72f.pdf
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author Ali Mansouri
Maryam Mohammadpour
author_facet Ali Mansouri
Maryam Mohammadpour
author_sort Ali Mansouri
collection DOAJ
description The primary purpose of the present study is to determine the life cycle and technology prediction based on patent bibliometric data using Markov hidden model. The study population included 50,915 patent licenses in medical equipment extracted from the US Patent and Trademark Office database from 1976 to 2015. The study findings revealed technology life cycle patterns in 21 medical equipment sub-areas. The status of medical device patent license indicators at different stages of the technology life cycle, alongside the likelihood of state transfer at different stages of the medical technology life cycle, were investigated. Ultimately, the results showed that "Drug delivery equipment, Disposable medical equipment, Oximeters, and Sharps (Medical instruments)" have more suitable areas for investment and commercialization. The current research results can also provide a good insight into technologies and can be used as a guide alongside experts and other decision-making methods.
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spelling doaj.art-6a4203617b8f47ee9fe3e7d4c02d8f182023-07-04T09:51:02ZengRegional Information Center for Science and Technology (RICeST)International Journal of Information Science and Management2008-83022008-83102023-07-0121316118510.22034/ijism.2023.1977585.0705739Determining Technology Life Cycle Prediction based on Patent Bibliometric DataAli Mansouri0Maryam Mohammadpour1Associate Prof., Department of Knowledge and Information Science University of Isfahan, Isfahan, Iran.MS in Knowledge and Information Science, Isfahan Science & Technology Town, Isfahan University of Technology, Isfahan, Iran.The primary purpose of the present study is to determine the life cycle and technology prediction based on patent bibliometric data using Markov hidden model. The study population included 50,915 patent licenses in medical equipment extracted from the US Patent and Trademark Office database from 1976 to 2015. The study findings revealed technology life cycle patterns in 21 medical equipment sub-areas. The status of medical device patent license indicators at different stages of the technology life cycle, alongside the likelihood of state transfer at different stages of the medical technology life cycle, were investigated. Ultimately, the results showed that "Drug delivery equipment, Disposable medical equipment, Oximeters, and Sharps (Medical instruments)" have more suitable areas for investment and commercialization. The current research results can also provide a good insight into technologies and can be used as a guide alongside experts and other decision-making methods.https://ijism.ricest.ac.ir/article_705739_2ba8491cfc3f172f48e6429d2937e72f.pdftechnology forecastingtechnology life cyclepatentshidden markov modelmedical equipment
spellingShingle Ali Mansouri
Maryam Mohammadpour
Determining Technology Life Cycle Prediction based on Patent Bibliometric Data
International Journal of Information Science and Management
technology forecasting
technology life cycle
patents
hidden markov model
medical equipment
title Determining Technology Life Cycle Prediction based on Patent Bibliometric Data
title_full Determining Technology Life Cycle Prediction based on Patent Bibliometric Data
title_fullStr Determining Technology Life Cycle Prediction based on Patent Bibliometric Data
title_full_unstemmed Determining Technology Life Cycle Prediction based on Patent Bibliometric Data
title_short Determining Technology Life Cycle Prediction based on Patent Bibliometric Data
title_sort determining technology life cycle prediction based on patent bibliometric data
topic technology forecasting
technology life cycle
patents
hidden markov model
medical equipment
url https://ijism.ricest.ac.ir/article_705739_2ba8491cfc3f172f48e6429d2937e72f.pdf
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