The biotechnology patent landscape in Mexico has shown considerable volatility over the past decade. From 2013 to 2019, the sector experienced a fluctuating trend, with significant drops in 2018 and 2019. However, from 2020 onward, a recovery trend is noticeable, with 2023 standing at 23.17 units. The year-on-year variation for 2023 is 1.69%, suggesting a steadying sector. The 5-year CAGR up to 2023 was a healthy 5.54%, indicating robust growth momentum. Future forecasts up to 2028 project a continued gradual increase, with an overall 5-year CAGR of 1.18% and a 5-year growth rate of 6.04%.
Future trends to watch for include advancements in biotechnology innovation, potential policy and regulatory impacts, and increased collaboration between public and private sectors. Additionally, monitoring global economic factors and their effects on investment in biotechnology R&D in Mexico will be crucial for understanding future patent activity.
