World Intellectual Property Day: Patent filings surge as Indian inventors prove mettle — top six patenting trends

The report, Patenting Trends successful India, noted that the number of patents granted has doubled to implicit 100,000 betwixt FY2019 and FY2023.

Here are apical 6 patenting trends 

Domestic Innovation Growth: The stock of patents filed by residents of India has doubled implicit the past decade, from 33.6 per cent of the full filings successful the fiscal twelvemonth 2019 to implicit 50 per cent by the fiscal twelvemonth 2023. This indicates much absorption and consciousness of intelligence rights successful the country, which is being led chiefly by acquisition institutes.

The full fig of patents granted has much than doubled betwixt FY2019 and FY2023, with projections showing implicit 100,000 patents to beryllium granted betwixt March 2023 and March 2024.

Global engagement: Leading Indian deep-tech startups person filed for much than 900 patents since 2008. Moreover, 32,000 patent applications nether the Patent Cooperation Treaty (PCT) person been filed successful India by different countries. The information points towards specified filings, which would bespeak India's expanding basal successful the planetary innovation landscape.

Sector-specific innovations: Maximum patent applications were successful the tract of healthcare, fundamentally astir aesculapian imaging, diagnosing, study generation, and testing. Other areas that are important for filing a patent are Automation/Software Development and Retail/e-commerce. In 2019, determination person been spikes successful artificial quality patents astir representation processing, earthy connection processing, and predictive modelling.

IoT technology: IoT technology is progressively being adopted for enhancing connectivity and automation crossed industries. The inclination shows a increasing integration of IoT solutions successful sectors similar manufacturing, astute cities, and healthcare, which are leveraging interconnected devices for much businesslike operations.

Neurotechnology: This emerging tract is seeing accrued involvement from startups, focusing connected processing technologies that amended brain-computer interfaces and cognitive computing applications. These innovations are apt aimed astatine healthcare applications, including diagnostics and diligent monitoring systems.

Healthcare innovations: Startups are heavy patenting successful healthcare, particularly astir aesculapian imaging, diagnostics, study generation, and testing. This inclination underscores the captious relation of exertion successful transforming healthcare done much close and timely diagnostics and personalised attraction plans.

Unlock a satellite of Benefits! From insightful newsletters to real-time banal tracking, breaking quality and a personalized newsfeed – it's each here, conscionable a click away! Login Now!

Published: 26 Apr 2024, 04:48 PM IST