The biotechnology sector in Chile has shown considerable fluctuations in the number of patents over the past decade. From a low of 17.7 units in 2013, the sector saw significant growth peaking at 35.96 units in 2015 but experienced a notable dip in 2016. Following this, the trend appeared relatively stable, fluctuating around the 30-unit mark from 2018 onwards. In 2023, the number of patents stood at 30.16 units.
Year-on-year variations in percentage highlight the volatility in this sector. For instance, there was a sharp increase of 65.25% in 2014, followed by a decline of 37.31% in 2016. In the most recent years, the trend has shown minor annual declines, indicating a stabilization phase with a forecasted CAGR of -0.23% for the next five years.
Future trends to watch for include potential changes in regulatory policies, increased international collaboration, and investment in biotechnology research and development. Monitoring technological advancements and their impact on patent filings will also be critical in understanding future sector dynamics.
