According to a report by Sagacious IP, A Global IP Research And Consulting Firm, it is said that India Is Among The Top 10 Countries In Pharma and healthcare Sector with exponential growth recorded in the last 5 yars,

In terms of the origin of patent applications in the pharma sector globally, India is among the top 10 countries, followed by Italy, Australia, Taiwan and Sweden. The applications originating from India are majorly filed in the US, European Parliament and APAC region.

The report stated that patents with Indian publications having Indian priority grew from 2,548 in 2015 to 7,399 in 2020. Such numbers are indicative of increased patent filing activity by Indian companies and MNCs with research centres based in India. The pharma and healthcare sector has also seen massive growth in global patent filings in the last five years, from over 24,000 in 2015 to over 1,50,000 in 2020.

The top Indian filers who filed patents in India during the last five years (2015-2020) include the Council of Scientific and Industrial Research (CSIR), ITC Life Sciences, Lovely Professional University, Colgate Palmolive (India), Tata Consultancy Services (TCS) Limited, IIT Bombay, Cadila Healthcare, Lupin, Amity University, and Wockhardt Limited, the report said.

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