The number of patents in the biotechnology sector in Finland has shown varied trends between 2013 and 2023. Peaking at 61.12 units in 2013, the figure has mostly remained below this level in subsequent years, with fluctuations. In 2023, the number of patents stood at 50.12 units. Over the last two years (2021-2023), the year-on-year variation was modest, at around 0.48% in 2023 and 0.52% in 2022. Over the five-year period up to 2023, the compound annual growth rate (CAGR) was approximately 0.49%, indicating stability in patent numbers.
Looking ahead, the forecast indicates a very gradual increase in the number of patents, reaching 51.08 units by 2028. This reflects a forecasted five-year CAGR of 0.29% and an overall growth rate of 1.46% by 2028. Key future trends to watch for include potential boosts in patent activity driven by advances in biotech, government initiatives supporting innovation, and international collaborations which could invigorate the sector.
