The Global R&D Budget for Health and Medical Sciences revealed Germany leading with a budget of 25.52 million US Dollars PPP in 2023, followed by France (12.09), and Japan (12.05). Noteworthy variations include significant increases in Poland (16.76%), Norway (15.38%), and Italy (13.95%). However, Mexico (-1.44%) and Romania (-3.18%) registered declines. The Compound Annual Growth Rate (CAGR) indicates an annual average expansion in countries like Iceland, Hungary, and Bulgaria.
Future trends to watch include further budget increases in rapidly growing economies such as Japan, Poland, and Italy. Monitoring shifts due to geopolitical changes and emerging healthcare needs will be essential for forecasting future allocation trends.
Top countries in R&D Budget for Health and Medical Sciences Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.52 | 2023 | +5.08% | +8.08% | View data |
| 2 | 2 France | 12.09 | 2023 | -5.04% | +9.61% | View data |
| 3 | 3 Japan | 12.05 | 2023 | +5.93% | +19.68% | View data |
| 4 | 4 Netherlands | 7.47 | 2023 | +6.67% | +9.84% | View data |
| 5 | 5 Spain | 6.75 | 2023 | +2.17% | +5.57% | View data |
| 6 | 6 Italy | 6.53 | 2023 | +0.4% | +13.95% | View data |
| 7 | 7 Taiwan | 6.23 | 2023 | +3.14% | +7.13% | View data |
| 8 | 8 Australia | 3.69 | 2023 | +4.23% | +9.43% | View data |
| 9 | 9 Sweden | 3.05 | 2023 | +1.5% | +1.27% | View data |
| 10 | 10 Norway | 2.95 | 2023 | +14.67% | +15.38% | View data |
