The global pharmaceutical industry experienced a 6% decline in patent filings in Q2 2024 compared with the previous quarter. The total number of grants dropped by 13%, resulting in overall patent publications decreasing by 6.9%, according to GlobalData’s Patent Analytics. GlobalData’s databook Pharma: Patents Trends Q2 2024 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 66,457 in Q2 2024, versus 71,352 in the prior quarter. Filings were down 16% year-on-year and decrease 6% quarter-on-quarter. This compares to a 16% year-on-year decrease in patent grants and 6% decline in quarter-on-quarter.
The top five companies accounted for 4% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Chinese Academy of Sciences with 819, followed by China Petrochemical with 489 and Roche with 479.
Patenting activity was driven by China with a 46% share of total patent filings
The largest share of patent filings in the pharmaceutical industry in Q2 2024 was in China with 46%, followed by the US (13%) and Japan (6%). The share represented by China was 7% higher than the 39% share it accounted for in Q1 2024.
For further understanding of GlobalData's Pharma: Patents Trends Q2 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
