Park IP Shares Highlights from 2015 World Intellectual Property Indicators Report
The World Intellectual Property Organization (WIPO) recently published the 2015 edition of their report, World Intellectual Property Indicators. The overall objective of the report is to explore the role of IP in supporting and driving innovation and economic growth. This informative report documents the trends and patterns shaping the global IP system and focuses on patents, trademarks, industrial designs and plant varieties.
The overall message was positive as global intellectual property (IP) activity continues to grow in most countries. Providing accurate patent information in the right language to the relevant legal entities, including local patent offices is crucial to the success of any global IP system. Growth and fluctuations in the global IP world have a direct impact on the provision and access to expert, legal language specialists and it is crucial for legal translation to play an important role in the overall strategic planning of any IP activity.
Here are some of the key highlights from WIPO’s World Intellectual Property Indicators 2015 report:
Global Growth in Foreign Filings: This year’s edition of WIPO’s World Indicators reports global growth in patent and trademark filings in 2014 of 4.5% and 6.0% respectively. Around 2.68 million patent applications were filed in 2014.
Top Patent Offices: The top 10 patent offices in 2014 were China, US, Japan, Republic of Korea, European Patent Office, Germany, India, Russian Federation, Canada, and Brazil. Offices located in Asia received 60% of patent applications in 2014, a total of 1,607,500.
China Rising: China has driven the growth in overall IP activity. Driven by local filings, China saw patent applications increase by 12.5% and trademark applications rise by 18.2%.
Percentage Increase by Local Patent Office. The State Intellectual Property Office of the People’s Republic of China (SIPO) received the most patent applications in 2014, followed by the US Patent and Trademark Office (USPTO), the Japan Patent Office (JPO), the Korean Intellectual Property Office (KIPO) and the European Patent Office (EPO). SIPO received 928,177 filings – more applications than the combined total of USPTO and JPO.
Patent applications increased by 3.2% at the European Patent Office, 2.8% in the Republic of Korea and 1.3% in the US. In the largest offices, only Japan saw a drop (0.7%) in patent filings. However, trademark filing activity increased in Japan and India, 16.9% and 15.4% respectively. The US saw strong growth of 6.7% and the European Union’s office for Harmonization in the Internal Market (OHIM) registered growth of 2.7%.
Who grants the most patents? The USPTO issued the most patents in 2014 – 300,700. SIPO granted more than 233,200 and overtook the JPO (227,100) as the second-largest patent issuing office. Grants grew by 12.3% at SIPO, the JPO declined by 18%. The top five patent offices increased their combined share of patents granted from 74% in 2000 to 81% in 2014. 1.8 million patent applications were granted in 2014.
Growth in PCT filings. China and the US accounted for 87% of the total annual growth in PCT filings which saw some 215,000 applications in total in 2014 (4.4% increase on the previous year). The US was the primary country of origin for PCT filers in 2014, 61,476 applications and 7% growth. Japan followed with 42,380 and applicants from China filed 25,548 applications – an 18.7% annual increase.
Highest amount of resident patent applications per million population. In 2014, the republic of Korea had the highest amount of resident patent applications per million population (3,254) followed by Japan (2,082). The most significant increase in resident patent applications per million population was in China – a leap from 51 in 2004 to 587 in 2014.
Click on following link to download the full WIPO report: http://www.wipo.int/edocs/pubdocs/en/wipo_pub_941_2015.pdf.
Park IP Translations, a Welocalize company has 13 offices around the world with access to hundreds of employees and thousands of specialist legal language vendors and translators who provide legal content in more than 170 languages and filing-ready documentation in over 60 countries.