The global pharmaceutical industry experienced 0% rise in patent filings in Q4 2023 compared with the previous quarter. The total number of grants dropped by 5%, resulting in overall patent publications increasing by 0.7%, according to GlobalData’s Patent Analytics. GlobalData’s databook Pharma: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of patent applications in the pharmaceutical industry was 65,126 in Q4 2023, versus 64,672 in the prior quarter. Filings were down 1% year-on-year and increase 0% quarter-on-quarter. This compares to a 1% year-on-year increase in patent grants and 0% rise in quarter-on-quarter.
The top five companies accounted for 3% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by F. Hoffmann-La Roche with 523, followed by Zhejiang University with 426 and Johnson & Johnson with 378.
Patenting activity was driven by China with a 38% share of total patent filings
The largest share of patent filings in the pharmaceutical industry in Q4 2023 was in China with 38%, followed by the US (14%) and Japan (7%). The share represented by China was 1% lower than the 40% share it accounted for in Q3 2023.
For further understanding of GlobalData's Pharma: Patents Trends Q4 2023, buy the databook here.
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