The global consumer industry experienced a 14% decline in the number of health & wellness-related patent applications in Q3 2023 compared with the previous quarter. The total number of health & wellness-related grants dropped by 14% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of health & wellness-related patent applications in the consumer industry was 3,253 in Q3 2023, versus 3,803 in the prior quarter.
The top five companies accounted for 6% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most health & wellness patents within the consumer industry in Q3 2023. The company filed 105 health & wellness-related patents in the quarter, compared with 98 in the previous quarter. It was followed by DSM-Firmenich with 32 health & wellness patent filings, Kangnam University (24 filings), and Chinese Academy of Sciences (13 filings) in Q3 2023.
Patenting activity was driven by China with a 39% share of total patent filings
The largest share of health & wellness related patent filings in the consumer industry in Q3 2023 was in China with 39%, followed by South Korea (16%) and the US (10%). The share represented by China was 12% higher than the 27% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.