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As companies vie to patent their products and innovations, countries around the world are witnessing an increase in patent applications.
Let's take a look at some nations that have received most applications.
Source: The Economist
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China
Total patent applications: 520,000
Number of patents granted: 172,000
Global rank: 1
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The United States
Total patent applications: 510,000
Number of patents granted: 225,000
Global rank: 2
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Japan
Total patent applications: 350,000
Number of patents granted: 238,000
Global rank: 3
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South Korea
Total patent applications: 180,000
Number of patents granted: 95,000
Global rank: 4
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European Patent Office
Total patent applications: 140,000
Number of patents granted: 62,000
Global rank: 5
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Germany
Total patent applications: 60,000
Number of patents granted: 12,000
Global rank: 6
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India
Total patent applications: 50,000
Number of patents granted: 5,000
Global rank: 7
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Russia
Total patent applications: 50,000
Number of patents granted: 30,000
Global rank: 8
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Canada
Total patent applications: 40,000
Number of patents granted: 21,000
Global rank: 9
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Australia
Total patent applications: 30,000
Number of patents granted: 18,000
Global rank: 10
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Brazil
Total patent applications: 25,000
Number of patents granted: 3,000
Global rank: 11
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The United Kingdom
Total patent applications: 25,000
Number of patents granted: 7,000
Global rank: 12