Intellectual Property

  Virtual reality is commonly talked about in technology circles. From architecture to sports to retail to healthcare, it has a wide range of applications. The current market size of VR is around $26 billion. By 2027, it will reach $85 billion with a growth rate of 23% CAGR. Let us assess the major applications of VR technology, their key players, market size and significant patent filings. a)  Healthcare Healthcare was one of the first industries to adopt VR extensively. It is being used in medical training, surgical robotics, mental health treatment and pain management. The VR healthcare market is projected to reach $6 billion globally by 2029 with a CAGR of 38%. To find out which companies have been actively filing patents in the last 5 years, we conducted a patent search in PatSeer. The chart below represents our findings. Samsung is taking the lead in filing patents for inventions like predictive analysis for interactive telehealth, data processing, electronic dev...

  A Few Lesser-Known Strategies to Make Your IP Assets More Valuable A holistic IP strategy can give you a competitive edge, protect your business from an infringement lawsuit, drive new revenue opportunities and growth. Licensing, selling or using patents as collateral are well-known ways to maximise the value of your IP. In this blog post, let us, however, look at 5  lesser-known strategies  that can have the same effect. 1.       File where your competitors are filing even if you aren’t active yet in that country Identify jurisdictions where patent holders, especially your competitors, have the most active and pending patents in your area of interest. Design your patent filing strategy based on the patenting trends of established players in your technology space. The objective is to protect the market ahead of a possible launch of your product. For example, Europe, Japan, Korea, China and the US are popular jurisdictions as they have the ...