WIPO: China drives IP growth

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Added On October 18, 2019

Chinese innovators helped drive growth in the global patent industry last year as the number of patent applications grew for the ninth straight year.

According to the World Intellectual Property Organization's annual World Intellectual Property Indicators report, innovators across the globe filed 3.3 million patent applications in 2018, up 5.2 percent.
Asia continued to outpace other regions in patent applications. China alone accounted for almost half of all the world's filings.
China's IP regulator received a record 1.54 million patent applications in 2018, over 46 percent of the global total.
China also recorded more than a quarter of all plant variety applications filed worldwide.