Time for sharp competitive intelligence

A very large percentage of technical information that is generated across the globe reside in the patent databases.

Below chart depicts breakup according to country and application type for major filing countries. Data Source – patentanalysis.com

Patent Count

Data collected through a survey say that there are:

  • 72 million patent documents worldwide
  • appx. 15 million inventions
  • 1,000,000 patent in last 10 years
  • Weekly – More than 10,000 new patents
  • Every 30 seconds a new patent document is added to the vast technical library of patent documents

The statistics clearly indicates:

  • Increase in R & D efforts
  • Increase in patent filing efforts
  • Increase in market coverage through family patent filing

Potential Risks

  • Patent grant rate is bound to go down. According to a study, already the Belgium PTO has a 30% grant rate
  • Risk of reinventing the wheel, if patentability / prior art search not performed thoroughly
  • Large number of patents may get invalidated by other relevant patents thus causing many infringement law suits to become void
  • Need of clearance would increase
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