The global technology industry experienced an 11% decline in the number of Covid-19-related patent applications in Q4 2023 compared with the previous quarter. The total number of Covid-19-related grants rose by 23% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: 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 Covid-19-related patent applications in the technology industry was 94 in Q4 2023, versus 106 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that State University System of Florida filed the most Covid-19 patents within the technology industry in Q4 2023. The company filed 2 Covid-19-related patents in the quarter, compared with 1 in the previous quarter. It was followed by Laboratory Corp of America Holdings with 2 Covid-19 patent filings, Johns Hopkins University (2 filings), and Iaterion (2 filings) in Q4 2023.
Patenting activity was driven by the US with a 73% share of total patent filings
The largest share of Covid-19 related patent filings in the technology industry in Q4 2023 was in the US with 73%, followed by China (10%) and Australia (3%). The share represented by the US was 20% higher than the 54% share it accounted for in Q3 2023.
For further understanding of GlobalData's Technology: Patents Trends Q4 2023, 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.
