intellectual property statistics

Intellectual property is a major driving force behind global economic growth. Counterfeit drug sales in the US amounted to more than $75 billion. Almost half of the items seized in the US in 2018 were watches and jewelry, accounting for 44% of all seized items. The numbers of patent applications and awards have risen greatly over the nation’s history. For this reason, the US Intellectual Property Enforcement believes that intellectual property infringement can hurt not just the economy but the US labor force as well. US ambassador Dennis Shea pointed out that US industries that rely heavily on intellectual property are most likely to prosper. 21.7% of American CFOs think their companies were victims of intellectual property theft. This is classified as a trade secret. This page lists free websites with statistics on intellectual property. One factor that threatens intellectual property and the economy is intellectual property theft. 8. Reliable intellectual property (IP) statistics are an important tool in understanding trends in policy, business, and technology worldwide. All these intellectual property facts are essential because intellectual property is one of the significant economic growth factors. The patent indicators described below are classified by technology areas from the World Intellectual Property Organization (WIPO), summarized into 35 technical fields shown in Appendix Table 8-2 for U.S. university patents for 1996–2016. Patent lawsuits increased by 9% in January 2020 (year-over-year). FBI Director Christopher Wray reported that ever since the Department of Justice launched the China Initiative campaign in 2018 against economic espionage, cases against China have been piling up. Intellectual property theft is taking a financial toll on the US economy. However, it is always better to register the same. Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are approximately 18,400 cases filed in federal court every year. As of 2018, a total of 14 million patients are in force across the globe. The report, a joint product of the Commerce Department's United States Patent and Trademark Office (USPTO) and Economics and Statistics Administration (ESA), serves as an update to the Intellectual Property and the U.S. Economy: Industries in Focus report released March 2012. This is because the cost to defend against the lawsuit usually exceeds $3 million. ​​ Intellectual Property Facts (Editor’s Choice), Patent and Intellectual Property Statistics, Intellectual Property Litigation Statistics. From 2006 to 2011, there were between 2,580 and 3,527 cases, only to increase significantly in 2012. , IPR-intensive industries generate many jobs and contribute to the US’s economic growth. shows that the US’s numbers in 2018 saw a decline. PATSTAT). China bagged second place with 2.4 million in forced patents. Intellectual property can account for over 40% of the average business and is often not reflected on their balance sheet. November 23, 2020 The intellectual property statistics listed above illustrate the effects of intellectual property theft on the economy. The advancement of technology and the ease of obtaining information through digital means double the predicament. The US’s trademark office holds 4.5% of trademarks filed worldwide. 9. We provide high-quality, leading-edge analysis of international trade issues to the President and the Congress. Intellectual property: WHO health topic page on intellectual property provides links to descriptions of activities, reports, publications, statistics, news, multimedia and events, as well as contacts and cooperating partners in the various WHO programmes and offices working on this topic. Save my name, email, and website in this browser for the next time I comment. According to. Let’s look at some intellectual property statistics and see what can be deduced from the figures. It addresses issues regarding the complexity of patent data and provides statisticians and analysts with guidelines for building and analysing patent-related indicators. 12% of US applications for patents in 2019 were in the field of computer technology. The country accounts for 46.4% of all patent filings. There are many types of intellectual property, and some countries recognize more than others. However, reports have shown that eastern countries are catching up, as the World Intellectual Property Organization statistics indicate. These are usually, but not limited to, books, music, films, drawings, and paintings. 22% of tech innovations came from the US in 2018. US ambassador Dennis Shea pointed out that US industries that rely heavily on intellectual property are most likely to prosper. Original works are automatically protected with copyright, without any registration. However, it’s also important to know about the importance of your intellectual property. According to intellectual property news delivered by the World Trade Organization ambassador in 2018, Dennis Shea, as much as 90% of exporters are patent-holding firms. Intellectual Property Facts (Editor’s Choice) 22% of tech innovations come from the US. In the United States, registration of a … show, private companies received 85% of the patent share, 9% was assigned to individuals, 4% to the academic sector, and only 1% to the government sector. Intellectual property accounts for 70% of the value of publicly listed corporations. The United States International Trade Commission is an independent, nonpartisan, quasi-judicial federal agency that fulfills a range of trade-related mandates. A business ’ s why all sectors must participate in strategies to keep intellectual property statistics, trends data! 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