GENEVA, Oct. 15, 2019 /PRNewswire/ -- Asia accounted for more than two-thirds of all patent, trademark and industrial design applications in 2018, with China driving overall growth in demand for intellectual property (IP) rights as the United States of America (U.S.) maintained its primacy in patent applications filed in export markets.
Innovators across the globe filed 3.3 million patent applications in 2018, up 5.2% for a ninth straight yearly increase, according to WIPO's annual World Intellectual Property Indicators (WIPI) report. Global trademark filing activity rose to 14.3 million, while that for industrial designs reached 1.3 million.
"Asia continues to outpace other regions in filing activity for patents, trademarks, industrial designs and other intellectual property rights that are at the center of the global economy," said WIPO Director General Francis Gurry. "China alone accounted for almost half of all the world's patent filings, with India also registering impressive increases. Asia has become a global hub for innovation."
In addition, worldwide plant variety applications grew by 8.9% to reach 20,210 applications in 2018, while data received from 92 national and regional authorities showed some 65,900 protected geographical indications (GIs) in 2018.
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