July 28th, 2010 by admin

It is well accepted, medical technology market is dominated by US companies. But as the number of intellectual property services being offered to Australian medical device companies is mounting up, it won’t be wrong if we conclude Australians are also competing on the World stage.

In this study we are going to explore how Australian medical technology filing data and records are showing their growth pattern in medical technology market.

2003-2009, around 18,000 medical technology patents were filed in Australia. Patents were filed in those targeted areas where Australian companies are competitive on a global framework. After pharmaceutical and cosmetic patent applications medical technology is the popular aspect for patenting.

Many medical device companies will have their own specializing team of Melbourne Patent Attorney and IP lawyers protecting, managing, enforcing and commercializing client’s innovation in highly sophisticated and competitive health care industries. They develop effective patent strategies and may forecast the opportunities, most often ignored by established players even in this field.

There are some vital statistics to be familiar with. Till 2007, there were 3500 medical device companies in Australia with more than 70 listed in Australian Stock Exchange. Market capitalization was $12.4 billion, and the turnover was more than $6 billion.

Researchers have found the ways to obtain patent application data. Australian patent database for medical technology applications (2003-09) was applied using UK Office of Science and Technology (OST) patent classification scheme. The analysis was done based on response from patent owner, country of origin, state of origin for Australian applicants, International patent Classification (IPC) sub-area code.

The research results were waving the leadership flag for Australia. There are both Australian as well as foreign applicants filing patents in Australia. To name a few leading applicants (2003-2009) there were Johnson and Johnson, Covidien, Medtronic, Kimberly Clark etc.

Here originates the unparalleled demand of patent attorneys in Australia.