Impact of Patsnap’s 2023 Global Innovation 100

This year, Patsnap is excited to release its inaugural Global Innovation Report for 2023, showcasing the influential Global Innovation 100 and the disruptive force of the Global Disruption 50. This article explores how the Global Innovation 100, comprising technological giants and their subsidiaries, are actively reshaping the world of technology, contributing to a quarter of global innovation.

Global Technological Prowess:

Magnitude of Influence:

The Global Innovation 100, with around 68,000 “tech subsidiaries,” may constitute less than 2% of total global tech companies. However, their impact is colossal, contributing to 22% of the world’s invention assets, fueling 27% of global technology competition, and inspiring a remarkable 35% of the world’s technological innovations, as measured by patent citations.

Innovation Metrics:

In terms of sheer size, these 100 companies and their subsidiaries boast 3.58 million valid inventions, representing 22% of the world’s total. In the realm of technology globalization, their 1.27 million PCT filings account for 27% of the global total. The influence of their patents is undeniable, with a staggering 153 million citations, making up 35% of all patent citations worldwide.

The Current Technological Landscape:

Post-COVID Resilience:

Despite a slowdown in the pace of overall innovation in the post-COVID era, the 2023 Global Innovation 100 remain unwavering in their commitment to cutting-edge technological fields. In a recovering global economy, these companies contributed nearly 1 million patent applications in 2022, reflecting a slight downturn with a CAGR of -2.3% compared to the previous three years.

Investment in Cutting-Edge Fields:

Delving into the dynamics of the 68,000 tech subsidiaries, it is evident that the 2023 Global Innovation 100 are driving progress in cutting-edge technological domains. With 336 “high-growth” tech subsidiaries, these companies are strategically positioned in four key areas: smart grid, biomedical engineering, biopharmaceuticals, and electronic components.

Innovation in Action:

Smart Grid Revolution:

With 57 high-growth subsidiaries in the smart grid sector, companies like Huawei are spearheading innovations in new energy and smart grids, shaping the future of sustainable energy solutions.

Biomedical Engineering Advancements:

In the field of biomedical engineering, 2023 Global Innovation 100 entities like Becton Dickinson, through acquisitions like Scanwell Health, are revolutionizing home testing reagents and mobile phone-based diagnostic solutions.

Biopharmaceutical Innovations:

Takeda Pharmaceuticals, with 34 high-growth subsidiaries, is at the forefront of cutting-edge immunotherapy technology, demonstrating the transformative power of acquisitions and collaborations in the biopharmaceutical sector.

Electronic Components Revolution:

In electronic components, companies like Honeywell are exploring integrated solutions in quantum computing software and hardware through strategic mergers, exemplified by its collaboration with Cambridge Quantum.

As we navigate the dynamic landscape of innovation, the Patsnap 2023 Global Innovation 100 stand as pillars of progress, contributing significantly to global technological evolution. From redefining traditional industries to pioneering breakthroughs in cutting-edge fields, these innovators are leaving an indelible mark on the world of technology. For a comprehensive analysis and deeper insights, explore our 2023 Global Innovation Report and witness the transformative power of innovation in action.

To download the full report, click here!