Medical devices clock 27% growth in patent volume, led by Japan
11-May-16, Pharmabiz
Medical devices sector clocked 27 per cent growth in year-on-year patent volume in 2015 followed by pharmaceutical industries 4 per cent growth. Biotechnology which saw a -2 percent move, logged a year-over-year decline in patent volume in 2015.
%20Mestec.jpg "Medical devices clock 27pc growth in patent volume led by Japan (c) Mestec")
Image: Mestec
This is the finding of the 2016 State of Innovation Report: Disruptive, Game-Changing Innovation study, released today by the Intellectual Property & Science business of Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals.
Japan is home to 40 percent of the world’s top 10 Medical Device companies, including the world leader Olympus. China and South Korea also have their hands in this sector, with the Fourth Military Medical University and Samsung Electronics, respectively. Europe and the US also make contributions to the global top 10, with two and three innovators each, respectively.