Patent Renewals Services Market

Granted Patents require maintenance to keep them ?alive? so that the rights in the invention can be enforced. A large part of that maintenance includes payment of renewal fees, also called ?annuities? or ?taxes? in some parts of the world, and even ?continuation? fees under certain circumstances. The timing of their commencement, deadlines for payment and amount differ greatly among countries, so it?s important for patentees to understand renewal requirements for budgeting purposes and to avoid causing a patent or application to lapse. Due to the complexity of requirements for patent renewals and the risks associated with making an error, many patentees and attorney firms use the services of specialist external renewal companies, with many such providers on offer. These companies assume responsibility for timely payment of applicable renewals fees in each jurisdiction of their client?s patents. External renewal providers, which do not provide additional attorney services, can be a very cost-effective solution for ensuring payment of renewals.
Patent Renewals Services Market contains market size and forecasts of Patent Renewals Services in Global, including the following market information:
Global Patent Renewals Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Patent Renewals Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Semiconductor & Electronics Industry Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Patent Renewals Services 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 Renewals Services 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 Renewals Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Patent Renewals Services Market Segment Percentages, by Type, 2021 (%)
Semiconductor & Electronics Industry
IT Industry
Construction Industry
Machinery Manufacturing Industry
Medical & Pharmaceutical Industry
Transportation Industry
Others
Global Patent Renewals Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Patent Renewals Services Market Segment Percentages, by Application, 2021 (%)
Corporate
Research Institute
University
Others
Global Patent Renewals Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Patent Renewals Services 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 Renewals Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Patent Renewals Services 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