Global Medical Intellectual Property Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Medical Intellectual Property Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global medical intellectual property market report has been segmented on the basis of usage type and region.
Global Medical Intellectual Property Market: Overview
Intellectual Property (IP) is an important asset for several types of business transactions including healthcare business transactions. A medical patent is a type of legal protection and is granted by the government to the inventor for item or process. Intellectual property refers to creations of the mind, symbols, name, and images used in trading. Patent owners can give permission or license to other parties for using inventions or process on mutually agreed terms. In addition, owners may give or sell their invention rights to other, who then becomes the new patent owner. Intellectual property rights systems differ from country to country. Nations such as the United States, Japan, and some European nations have strong regulations for medical intellectual property rights.
Global Medical Intellectual Property Market: Dynamics
Increasingly globalized trading and pharmaceutical patents are the major key factors anticipated to drive the growth in terms of revenue of target market over the forecast years. In addition, increasing number of research and development activities in the pharmaceutical sector, industrialization in developing countries, government regulation for compulsory licensing are some of the other factors expected to drive revenue growth of the target market. However, high costs of copyrights and licenses is a major factor expected to hamper the growth of the target market to a significant extent.
Global Medical Intellectual Property Market: Segment Analysis
Among the type segments, the patents are expected to register the highest market share in terms of revenue. Patents are an exclusive right granted for inventions of product or process in order to offer new technology solution for a problem. A patent right provides patent owners the protection for their inventions for a limited period, generally of 20 years.
Global Medical Intellectual Property Market: Trend
Renting of intellectual property is currently a major trend observed in the global medical intellectual property market. In addition, digitalization coupled with government support resulting in the launch of an online trade mark filing system in some developing countries. For instance, in 2017, Ethiopian Intellectual Property Office in collaboration with the World Intellectual Property Office, has adopted an online trademark filing system in order to modernize the intellectual property structures in Ethiopia.
The aforementioned are currently some of the major trends observed in the global medical intellectual property market
Global Medical Intellectual Property Market: Regional Analysis
The markets in North America is estimated to account for a major share in the target market over the forecast period. This can be primarily attributed to, implementation of medical intellectual property laws by government and several business organizations are investing in this domain. The market in the Asia Pacific is estimated to account the highest CAGR over the forthcoming years. This is primarily to, increasing focus on research and development activities coupled with development of advent technologies in countries in the region.
Global Medical Intellectual Property Market Segmentation:
Segmentation by type:
- Trade dress
- Trade secrets
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Morrison & Foerter LLP
- Irell & Manella LLP
- Wilmer Cutler Pickering Hale and Dorr LLP
- Quinn Emanuel Urquhart & Sullivan, LLP
- Herbert Smith Freehills LLP
- Bird & Bird LLP
- White & Case LLP
- Baker McKenzie LLP
- Al Tamimi & Company
- Powell Gilbert LLP
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