State of Innovation

Patents and Innovation Economics

Does 1.6% Growth in Patents Qualify as an Explosion?

There has been a lot of talk about an explosion in the number of patents that were issued in the last decade.  But the number of patents issued to US inventors has grown at about 1.6% per year as shown in the chart below.  The chart shows the three year moving average of the number of patents issued to US inventors and 1.6% trendline.

This next chart shows that while the number of applications has grown, the number of issued patents has not kept up.  (US inventors only)

This last chart shows the ratio of issued to filed patent applications (US inventors only)

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May 7, 2012 - Posted by | Patents | ,

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