The global consumer industry experienced a 33% decline in the number of health & wellness-related patent applications in Q2 2023 compared with the previous quarter. The total number of health & wellness-related grants dropped by 38% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Health and Wellness TrendSights Analysis 2022 report provides an understanding of where the mega-trend is heading and how long it will last. It discusses the market overview, key factors, key sectors in health and wellness and the latest innovation in the mega-trend. Buy the report here.
Notably, the number of health & wellness-related patent applications in the consumer industry was 1,694 in Q2 2023, versus 2,543 in the prior quarter.
The top five companies accounted for 7% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most health & wellness patents within the consumer industry in Q2 2023. The company filed 46 health & wellness-related patents in the quarter, compared with 81 in the previous quarter. It was followed by Kangnam University with 25 health & wellness patent filings, DSM-Firmenich (19 filings), and Givaudan (12 filings) in Q2 2023.
Patenting activity was driven by China with a 42% share of total patent filings
The largest share of health & wellness related patent filings in the consumer industry in Q2 2023 was in China with 42%, followed by the US (19%) and Japan (7%). The share represented by China was 7% higher than the 35% share it accounted for in Q1 2023.
For further understanding of GlobalData's Health and Wellness TrendSights Analysis 2022 buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
