Patent and Trademark Renewals Services Market Size, Share, Growth, and Industry Analysis By Type (Patent Renewals, and Trademark Renewals) By Application (Corporate, Research Institute, University, and Others), Regional Insights and Forecast From 2025 To 2033

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PATENT AND TRADEMARK RENEWALS SERVICES MARKETREPORT OVERVIEW

The global patent and trademark renewals services market size was USD 6.01 billion in 2024 and market is projected to touch USD 13.36 billion by 2033, exhibiting a CAGR of 9.2% from 2025 To 2033.

In terms of intellectual property assets, patents and trademarks are among the most valuable investments that businesses make. Trademark and patent renewals preserve rights that can only be acquired by registering a mark or patent. When registration is not renewed, the proprietor loses the protection that comes with it. In addition to protecting the proprietor from infringement claims, registration also discourages others from using the mark. Patent annuities are required to renew patent rights periodically. A cost-effective alternative to conventional IP renewal providers are secure, digitized, and easy-to-use patent andtrademark renewal services that enable proprietors to manage their patents and trademarks. In addition to providing efficient renewal notifications and filings, data reports, and invoicing, IP renewal service providers provide efficient management of patent annuities.

The demand for patent and trademark renewals services has significantly increased over the forecast period due to the increasing number of filings for patents and trademarks, incidences of infringement, and the growing need to streamline registration processes, reduce costs associated with IP renewal, and improve efficiency. Renewal of atrademark preserves those rights that are only available with a registered mark. Owners who fail to renew their trademarks lose all the protection that comes with registration. As a result of expected future positive shocks, the rent may fall far below the renewal fee, resulting in the complexity of decision rules for real options models of patent renewals. With patent and trademark renewals services, you can ensure that your intellectual property rights do not expire and that they stay current with your company's changing needs. Keeping your intellectual property rights protected is of utmost importance. Patent and trademark filing have become more popular due to increased demand, making them cost-effective and acting as market drivers.

COVID-19 IMPACT

"Halt on Services to Hamper Market"

The COVID-19 outbreak has had a negative impact on the global economy, bringing various sectors to a halt. Various services were affected due to the sudden lockdown imposed by the government. As with other areas globally, the COVID-19 pandemic affected trademark law throughout the world. As a result of COVID-19, the patent and trademark renewals services market has been affected as the increasing number of cases has slowed down the product development process in all parts of the world. Renewals of patents were negatively affected.

LATEST TRENDS

"High Demand for Patents in the Pharmaceutical Industry to Drive the Market"

As a result of the increasing number of patents filed for medical devices such as stents, implantable devices, surgical tools, and pacemakers, as well as research procedures, medical technology, equipment, chemical/pharmaceutical drugs, healthcare information technology, and regenerative medicine, the Medical and Pharmaceutical industry segment is expected to generate a robust revenue CAGR.

PATENT AND TRADEMARK RENEWALS SERVICES MARKET SEGMENTATION

By Type

The market is classified into patent renewals, and trademark renewals based on type. The patent renewals segment will lead the patent and trademark renewals services market share throughout the forecast period.

By Application

The market is classified into corporate, research institute, university, and others on the basis of application. The corporate segment will lead the patent and trademark renewals services market share throughout the forecast period.

DRIVING FACTORS

"Rise In the Number of Patent Registrations to Drive the Market"

Due to the increasing number of patent registrations for products and processes in various sectors, including healthcare, automotive, engineering, and information technology (it), the patent renewal segment is expected to hold a significant share of the global market over the forecast period. In addition to being cost-effective, patent renewal allows proprietors to take legal action against unauthorized users.

"Launch of New Products Related to Patent Renewals to Drive the Market"

Due to technological advancements, many new products are being launched worldwide as patent filings rise. Patent filings have also increased as a result of it. Consequently, it drives the market's development most importantly.

RESTRAINING FACTORS

"Problems Faced During Patent Form Filling to Restrain the Market"

Various disadvantages associated with patent form filling is one of the major restraining factors of the market. Public disclosure of the invention is made. Inventors are required to make public the technical details of their invention before filing a patent application, thereby restraining the patent and trademark renewals services market growth. The details of an invention may be kept a trade secret by some inventors, depending on the invention. High cost of filling the patent form is also a major disadvantage.

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PATENT AND TRADEMARK RENEWALS SERVICES MARKET REGIONAL INSIGHTS

"North America to Lead the Market Owing to Increasing Number of Patents and Trademark Registrations"

In North America, the global patent and trademark renewals services market is expected to grow due to a growing number of patents and trademark registrations resulting from R&D activities and product launches, as well as the presence of key market players. Also contributing to the revenue growth of the market is the low patent renewal/maintenance fees set by the USPTO to prevent undue financial burdens on patentees.

Research and development activities and product advancements are expected to drive Asia Pacific's revenue CAGR over the forecast period, resulting in an increase in patent and trademark registrations. As a result of the availability of comprehensive IP renewal services at a cost-effective price, which includes advice on the patentability of inventions, filing and prosecution of patent applications, and guidance for patent and trademark renewals services, their adoption has been increasing in APAC countries, contributing to the patent and trademark renewals services market's revenue growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the patent and trademark renewals services market.

List of Top Patent And Trademark Renewals Services Companies

• Clarivate (CPA Global) (U.S.)
• NovumIP (Novagraaf & PAVIS) (Germany)
• Dennemeyer (Luxembourg)
• Questel (France)
• Murgitroyd (U.K.)
• Anaqua (U.S.)
• Computer Packages Inc (U.S.)
• MaxVal Group (U.S.)
• Page, White & Farrer (France)
• Acumass (France)
• IP Centrum Limited (U.K.)

REPORT COVERAGE

In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.