2019
DOI: 10.7783/kjmcs.2019.27.2.75
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Technology Trends and Patenting Prospects of Medicinal Plants in Korea

Abstract: Background: Medicinal plants are widely used in Asia. They have proven to be an invaluable asset in modern drug discovery and their demand has been steadily increasing across various industries. Methods and Results: Using 4,867 valid patents related to 12 oriental medicinal plants of 10 country groups, the growth and development potential of patents was evaluated. The cites per patent (CPP) and patent family size (PFS) indices were used to evaluate the market capability and technological level of the collected… Show more

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“…Entry barrier indicates anything that prevents a patent registration from starting activities in a given category. Future growth indicates the possibility for future growth in a given category, reflected by an increase in the number of patents (Choi et al, 2019). Vacant technology represents the patent share ratio for a specific category relative to the total number of patents.…”
Section: Patent Multilayer Model For Patent Strategymentioning
confidence: 99%
“…Entry barrier indicates anything that prevents a patent registration from starting activities in a given category. Future growth indicates the possibility for future growth in a given category, reflected by an increase in the number of patents (Choi et al, 2019). Vacant technology represents the patent share ratio for a specific category relative to the total number of patents.…”
Section: Patent Multilayer Model For Patent Strategymentioning
confidence: 99%