With record demand from China the filings for patents, trademarks and industrial designs across the globe has reached new heights in 2016.
The number of patent applications in China was more than the combined total of applications received by the United States, Japan, the Republic of Korea and the European Patent Office, said the United Nations intellectual property agency.
There were 3.1 million patent applications filed in 2016, which was an 8.3 percent increase from last year’s. About 98% of the increase was accounted by China, as 236,600 of the nearly 240,600 additional patent filings was Chinese.
The country received 1.3 million patent applications in 2016.
The share of Asia in the total number of applications increased by 49.7 per cent in 2006 to 64.6 per cent in 2016. Neighbor India saw the filing of 45,057 patents, in the same year.
“The latest figures charting a rise in demand for intellectual property rights confirms a decade-long trend, where developments in China increasingly leave their mark on the worldwide totals,” said WIPO Director General Francis Gurry.
“China is increasingly amongst the leaders in global innovation and branding,” he said.