The global technology industry experienced a 3% rise in the number of Covid-19-related patent applications in Q3 2024 compared with the previous quarter. The total number of Covid-19-related grants rose by 41% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of Covid-19-related patent applications in the technology industry was 69 in Q3 2024, versus 67 in the prior quarter.
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that Gyeongsang National University filed the most Covid-19 patents within the technology industry in Q3 2024. The company filed 2 Covid-19-related patents in the quarter, compared with 1 in the previous quarter. It was followed by Duke University with 2 Covid-19 patent filings, Anivive Lifesciences (1 filing), and Merck (1 filing) in Q3 2024.
Patenting activity was driven by the US with a 74% share of total patent filings
The largest share of Covid-19 related patent filings in the technology industry in Q3 2024 was in the US with 74%, followed by China (4%) and Australia (3%). The share represented by the US was 14% higher than the 60% share it accounted for in Q2 2024.
For further understanding of GlobalData's Technology: Patents Trends Q3 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
