The number of patents in the biotechnology sector in the US has shown a steady increase from 2013 to 2023, with a significant rise from 7.46 thousand in 2020 to 8.76 thousand in 2023. During the last two years, the year-on-year growth rates were 5.48% in 2022 and 4.97% in 2023. The CAGR over the last five years (2018-2023) averaged at 6.34%. Forecasts from 2024 indicate continued growth, reaching 10.57 thousand patents by 2028, with a forecasted 5-year CAGR of 2.92% and an overall growth rate of 15.45%.
Future trends to watch for include the impact of emerging technologies like CRISPR and gene editing on innovation rates, as well as regulatory changes and their effects on patent activities in the biotechnology sector. Additionally, shifts in globalization, research funding, and collaboration between academia and industry may further influence patent trends.
