PUBLISHER: The Business Research Company | PRODUCT CODE: 1826821
PUBLISHER: The Business Research Company | PRODUCT CODE: 1826821
Patent analytics refers to the process of extracting and analyzing patent data to identify trends, assess technological progress, and inform decision-making in innovation and intellectual property management. It involves using databases, statistical tools, and machine learning techniques to study patent landscapes, monitor competitor activities, and evaluate market potential. This analysis offers businesses and researchers valuable insights into technology fields and opportunities for legal protection.
The core elements of patent analytics include solutions and services. Solutions consist of software tools that automate the analysis of patent data, helping legal teams and research departments track patents, visualize trends, and make informed decisions regarding intellectual property using advanced technologies. These solutions are available in different deployment types, such as on-premises and cloud-based, and cater to a wide range of enterprise sizes, from large corporations to small and mid-sized enterprises (SMEs). Applications of patent analytics include competitive intelligence, technology landscape assessments, patent valuation, and litigation support. The primary users of these tools include corporations, research organizations, intellectual property firms, and government agencies.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the healthcare sector, especially in the supply of essential medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are grappling with higher costs for imported surgical tools, imaging systems, and consumables like syringes and catheters, many of which have limited domestic substitutes. These escalating expenses are putting pressure on healthcare budgets, prompting some providers to delay equipment upgrades or pass increased costs on to patients. Furthermore, tariffs on raw materials and components are disrupting the manufacturing of vital drugs and devices, leading to supply chain delays. In response, the industry is adopting diversified sourcing strategies, expanding local production where feasible, and pushing for tariff exemptions on critical medical products.
The patent analytics market research report is one of a series of new reports from The Business Research Company that provides patent analytics market statistics, including the patent analytics industry global market size, regional shares, competitors with the patent analytics market share, detailed patent analytics market segments, market trends, and opportunities, and any further data you may need to thrive in the patent analytics industry. This patent analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The patent analytics market size has grown rapidly in recent years. It will grow from $1.07 billion in 2024 to $1.2 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increasing demand for advanced technologies, integration of AI and big data, increasing number of patent filings, rise in research and development initiatives, and increasing demand for professional intellectual property solutions.
The patent analytics market size is expected to see rapid growth in the next few years. It will grow to $1.89 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to rising patent filings, rising patent litigation, a shift towards digitalization across industries, and rising demand for customized services, increasing research and development investments. Major trends in the forecast period include the growing adoption of AI-based patent analytics, increasing focus on IP protection, rising adoption of cloud computing, rising patent filings driving the demand for patent monitoring, and technological advancements in information and communication.
The forecast of 12.1% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariff escalations are likely to burden U.S. healthcare innovators by driving up the cost of Artificial intelligence-driven patent research software and genomic data processing tools sourced from Israel and India, exacerbating R&D expenses and delaying medical breakthroughs. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The growth of the patent analytics market is expected to be driven by the rising number of patent filings. Patent filings are the process of submitting applications to obtain legal rights for an invention, which grants the applicant exclusive ownership and protection for a set period. The increase in patent filings can be attributed to various factors, including higher investment in R&D, growing awareness of intellectual property (IP), and the presence of patent trolls. Patent analytics plays a key role in identifying prior art, evaluating patentability, and drafting strong claims to enhance patent filing strategies. For example, in August 2024, the World Intellectual Property Organization (WIPO), a Switzerland-based intergovernmental body, reported that global patent filings grew by 2.7% in 2023, reaching around 3.6 million. Consequently, the rise in patent filings is fueling the expansion of the patent analytics market.
Leading companies in the patent analytics market are focusing on developing advanced artificial intelligence (AI)-powered patent search solutions to improve decision-making in intellectual property (IP) management. These AI-powered solutions use cutting-edge technologies to streamline and automate searches within patent databases, enabling users to quickly identify relevant patents, track innovation trends, and assess patentability with greater accuracy. For example, in December 2024, Clarivate Plc, a UK-based provider of transformative intelligence, introduced AI Search in Derwent. This advanced tool integrates AI with the Derwent World Patents Index (DWPI), offering more precise and relevant patent search results. The tool uses a language transformer model to understand the context of the input text, helping IP professionals perform initial patentability searches, validate findings, and explore unfamiliar technology areas more efficiently. This AI tool greatly improves the speed and accuracy of searches, allowing users to find relevant patents faster and make more informed decisions during the patent research process.
In July 2024, Clarivate Plc, a UK-based provider of transformative intelligence, acquired Rowan TELS Corp. for an undisclosed amount. This acquisition is intended to strengthen Clarivate's support for patent professionals by incorporating AI-driven solutions for patent drafting, filing, and prosecution, thus streamlining the patent preparation process. Rowan TELS Corp., a US-based software company, specializes in providing patent analytics solutions.
Major players in the patent analytics market are Clarivate Plc, LexisNexis, IP.com, Patsnap, Anaqua Inc., TechInsights Inc., QUESTEL SAS, Sagacious IP, MaxVal Group Inc., RPX Corporation, Wynne-Jones IP Ltd., Ocean Tomo LLC, Minesoft Ltd., IDTechEx Limited, Excelon IP, Coller IP, Harrity & Harrity LLP, Patent iNSIGHT Pro, IPlytics GmbH, Dolcera, and PatSeer Technologies Pvt. Ltd.
North America was the largest region in the patent analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in patent analytics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the patent analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The patent analytics market includes revenues earned by entities by providing services such as patent valuation, patent portfolio management, and patent monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Patent Analytics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on patent analytics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for patent analytics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The patent analytics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.