Patent Annuity Service Market

A patent annuity is a fee that a patent owner must pay to renew a granted patent. Otherwise it will lapse and as the patent owner will lose the previous rights on the regular expiry date.Over the past decade, the trend for maintaining patents has shifted to the use of patent annuity service providers. This includes law firms removing themselves from patent annuity management and referring clients to professional service providers.
Choosing a patent annuity specialist instead of paying directly or using an attorney can bring considerable benefits, such as:
Cost-effectiveness and savings through centralized management
External data monitoring and inspection
Timely renewal reminder
Understand and track state law updates
Ability to consolidate services (e.g. trademarks, patents, foreign applications, etc.) under one provider
Patent Annuity Service Market contains market size and forecasts of Patent Annuity Service in Global, including the following market information:
Global Patent Annuity Service Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Patent Annuity Service market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Invention Patent Annuity Service Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Patent Annuity Service include Clarivate (CPA Global), NovumIP (Novagraaf & PAVIS), Dennemeyer, Questel, Murgitroyd, Anaqua, Computer Packages Inc, MaxVal Group and Page, White & Farrer, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Patent Annuity Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Patent Annuity Service Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Patent Annuity Service Market Segment Percentages, by Type, 2021 (%)
Invention Patent Annuity Service
Utility Model Patent Annuity Service
Design Patent Annuity Service
Global Patent Annuity Service Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Patent Annuity Service Market Segment Percentages, by Application, 2021 (%)
Corporate
Research Institute
University
Others
Global Patent Annuity Service Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Patent Annuity Service Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Patent Annuity Service revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Patent Annuity Service revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Clarivate (CPA Global)
NovumIP (Novagraaf & PAVIS)
Dennemeyer
Questel
Murgitroyd
Anaqua
Computer Packages Inc
MaxVal Group
Page, White & Farrer
Acumass
IP Centrum Limited
Thomson Reuters IP Management
Envoy
Novagraaf
Brandstock
Zacco
PAVIS