Number of Patent Applications Remains High/Patent Laws Change, Business and Industry Trends Analysis

In fiscal year 2015, the U.S. Patent & Trademark Office (PTO) received 629,647 patent applications, up from only 482,871 in 2009.  Growth in patent filings has been dramatic—there were 315,015 applications in 2000 and only 109,359 in 1970.  To some extent, patents tend to reflect the health of R&D budgets.  The greater the funding, the more patents are filed.  At the same time, however, the rapid growth in the number of patent applications reflects today’s increased focus on protection of intellectual property by corporations and universities along with the extremely high traffic from biotech firms attempting to patent gene expressions…

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