05 February 2025

Patent Applicants 2024– China Outfiles Australian Residents While LG Maintains Individual Lead

Cup Podium My latest analysis of patent filing data for 2024 confirms a shift that has been years in the making – Chinese applicants have finally overtaken Australian residents to become the second largest source of patent applications, behind only the United States.  This milestone comes as US filings showed a notable decline of 5.7%, while Chinese applications continued their steady growth with a 7.2% increase over the previous year.

Among individual applicants, LG Electronics maintained its position at the top of the table with 229 filings, extending its lead over second-placed Huawei.  The healthcare and medical sector showed particular strength, with companies like Regeneron Pharmaceuticals making substantial gains in the rankings.  Meanwhile, the technology sector saw some significant changes, including the departure of IBM from the top 30 applicants after a brief period of increased activity.

Analysis of the data by industry sector reveals some clear trends, with healthcare and medical applications showing strong growth while technology sector filings declined overall.  However, these broad patterns mask considerable variation at the individual company level, suggesting that strategic considerations, rather than general market conditions, may be driving filing decisions for many of the leading applicants.

So let’s take a look at the numbers in more detail.


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The Patentology Blog by Dr Mark A Summerfield is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Australia License.