According to a recent research report by Data Bridge Bridge Market, the market for assistive technologies will rise at a CAGR of 6.76% between 2021 and 2028.
The World Intellectual Property Organization has also shared a report that discusses a surge in assistive technologies due to their applications in consumer goods. In this report, the organization uses the data of patent filing and sources to generate evidence on innovation in this domain. The leading countries with innovations in this field are China, the US, Japan, Germany, and the Republic of Korea.
The experts mentioned the integration of assistive technologies with consumer electronics has helped in reducing the prices. It also paves the way to commercialization.
Public research organizations and universities top the list of institutions and bodies that file patent applications in this domain.
In the future, it is expected that the new designs will focus on easy accessibility and reasonable pricing. This will ensure maximum users from across the globe get access to such designs.
If you are also working on emerging assistive technologies, it is crucial to have a better understanding of the patenting process. Take the help of a reliable agency to know how to file an application in a patent office and renew it timely.
To enjoy the commercial benefits, you also need to file for a trademark. This will ensure no one uses the name and brand logo related to use. In case you want to expand your business in other countries, you can allow them to use your design and trademark against some commission or flat fee.
Keep checking this space for more updates from the world of intellectual property, trademark, and other similar areas.
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