The global consumer industry experienced a 22% decline in the number of health & wellness-related patent applications in Q1 2023 compared with the previous quarter. The total number of health & wellness-related grants dropped by 23% in Q1 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 2,827 in Q1 2023, versus 3,606 in the prior quarter.
The top five companies accounted for 5% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most health & wellness patents within the consumer industry in Q1 2023. The company filed 83 health & wellness-related patents in the quarter, compared with 80 in the previous quarter. It was followed by Kotobuki Realty with 16 health & wellness patent filings, Royal DSM (16 filings), and Cosmax (15 filings) in Q1 2023.
Patenting activity was driven by China with a 40% share of total patent filings
The largest share of health & wellness related patent filings in the consumer industry in Q1 2023 was in China with 40%, followed by South Korea (14%) and Japan (10%). The share represented by China was 2% lower than the 42% share it accounted for in Q4 2022.
For further understanding of GlobalData's Health and Wellness TrendSights Analysis 2022 buy the report here.