Strategic Implications : The variation in renewal rates across sectors highlights the strategic importance of patents in protecting innovation and fostering competitive advantage. Sector-Specific Insights into Renewal all mobile number list Practices High Innovation Sectors: Medicine and Biotechnology With a massive renewal rate of 35.86%, the Medical and Biotechnology sector demonstrates a strong commitment to maintaining intellectual property rights.
This high rate can be attributed to the lengthy and capital-intensive nature of product development in these industries, where protecting new inventions is crucial to recoup research and development (R&D) investments and ensure market exclusivity. Lower Renewal Sectors: Luxury, Fashion and Sports On the other end of the spectrum, the Luxury, Fashion and Sports sector shows one of the lowest renewal rates at 23.07%.