The biotechnology sector in Norway saw 35 patent registrations in 2023. The forecast for 2024 stands at 35.84 patents, showing a modest year-on-year increase of approximately 2.4%. This trend continues with slight annual hikes, leading to a forecasted value of 37.1 patents by 2028.
Below are the year-on-year variations in percentage:
- 2023-2024: around 2.4%
- 2024-2025: approximately 1.0%
- 2025-2026: roughly 0.9%
- 2026-2027: about 0.8%
- 2027-2028: nearly 0.8%
The last five years show a compound annual growth rate (CAGR) of approximately 0.98% per year.
Future trends to watch for in Norway's biotechnology sector include the potential impact of new regulations, increased R&D investment, and advancements in technology. These factors could lead to either an acceleration or deceleration in the number of patents filed.
