{"id":21469,"date":"2022-01-21T01:22:00","date_gmt":"2022-01-21T01:22:00","guid":{"rendered":"https:\/\/sagaciousresearch.com\/blog\/?p=21469"},"modified":"2023-03-29T04:01:04","modified_gmt":"2023-03-29T04:01:04","slug":"indian-patent-filings-trend-in-the-life-sciences-sector","status":"publish","type":"post","link":"https:\/\/sagaciousresearch.com\/blog\/indian-patent-filings-trend-in-the-life-sciences-sector","title":{"rendered":"Indian Patent Filings Trend in the Life Sciences Sector"},"content":{"rendered":"\n
Over the years, the life sciences sector in India has grown significantly. The country\u2019s substantial expertise in formulations, emphasis on developing manufacturing and regulatory capabilities, as well as an inventor-friendly patent regime are just some of the factors driving the growth of the sector. And although some might say that India\u2019s life sciences sector has not fared so well when compared to some of the world\u2019s leading nations, it certainly has come a long way.<\/p>\n\n\n\n
In line with the above, the following article covers how the innovation index of the sector has grown exponentially, the key trends in Indian patent filings during the past decade, and the challenges that lie ahead.<\/p>\n\n\n\n
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Percentage increase in number of patents filed in 2019 compared to numbers filed in 2011 – ~14.5% increase<\/em><\/li>\n\n\n\n
Increase in number of patents filed in last 5 years (2016-2020) compared to patents filed from 2011-2015 \u2013 ~3% increase<\/em><\/li>\n\n\n\n
Increase in number of patents filed in last 5 years (2016-2020) compared to patents filed between 2011-2015 (Patents with Indian Priority) \u2013 ~35% increase<\/em><\/li>\n<\/ul>\n\n\n\n
Now before we begin, let us first understand the relationship between patents and the life sciences sector. The two share a critical bond as a significant portion of the sector\u2019s revenue comes from patents. Therefore, it is no wonder that life sciences has emerged as one of the leading sectors that have seen a sharp growth in global patent filings over the years. The situation of Indian patent filings is no different.<\/p>\n\n\n\n
If we observe the general patent filing trend in India during the period (2011-2020), there has been a steady increase in the filings, with total filings standing at 1,93,327. Further, if we compare the cumulative patent filings in the past five years (2016-2020) with those in the five years before that (2011-2015), approximately over 93,000 patents were filed from 2011-2015, while over 95,000 patents were filed during 2016-2020. Overall, this comparison reflects a substantial increase in filings over the past five years.<\/p>\n\n\n\n
It is important to note that not just Indian filings but patent applications with Indian priority have also grown significantly from 2011 to 2020. The total number of Indian priority applications recorded during this period are more than 50,000. Out of which, over 20,000 applications were filed during 2011-2015 while more than 30,000 applications were filed in the last five years (2016-2020).<\/p>\n\n\n\n
To understand the recent patent filing scenario in India, let us now discuss the past five years\u2019 trend in terms of International Patent Classification (IPCs), assignees as well as geographical distribution of Indian patent filings overall.<\/p>\n\n\n\n