NEWS – Nasscom recently released Patenting Trends in India report on World Intellectual Property Day

HIGHLIGHTS

• Resident Patent Filings Surge
  • The share of patents filed by Indian residents doubled from 33.6% in 2019 to over 50% in 2023.
  • Indicates increased focus on intellectual rights, especially from educational institutions.
• Significant Growth in Granted Patents
  • Total patents granted more than doubled between FY2019 and FY2023.
  • Projections indicate over 100,000 patents to be granted from March 2023 to March 2024.
• Global Engagement in Patents
  • Leading Indian deep-tech startups filed over 900 patents since 2008.
  • 32,000 patent applications under the Patent Cooperation Treaty (PCT) filed in India by other countries, showcasing India’s rising global innovation presence.
• Sector-Specific Innovations
  • Healthcare sector sees maximum patent applications, particularly in medical imaging, diagnostics, and testing.
  • Notable spikes in AI patents, focusing on image processing, natural language processing, and predictive modeling.
• Adoption of IoT Technology
  • Increasing integration of IoT solutions across industries like manufacturing, smart cities, and healthcare for enhanced connectivity and automation.
• Emerging Trends in Neurotechnology
  • Startups showing interest in developing technologies for brain-computer interfaces and cognitive computing applications, primarily in healthcare for diagnostics and patient monitoring.
• Focus on Healthcare Innovations
  • Healthcare startups heavily patenting innovations in medical imaging, diagnostics, report generation, and testing.
  • Emphasizes the role of technology in advancing healthcare through precise diagnostics and personalized treatment plans.