Germany leads in global government expenditures on medical products, appliances, and equipment at $22.03M, followed by Japan ($19.14M), and France ($13.16M). Smaller contributors include Iceland ($0.03M) and Latvia ($0.11M). Year-on-year variations reveal Germany (2.58%), Japan (1.66%), and France (2.43%) showing steady growth, while others like Greece (-3.14%) declined. Over five years, countries like Romania, Poland, and Lithuania have seen substantial gains. Overall, Europe dominates the market with significant contributions from Germany, France, and Italy.
Future trends to watch include emerging markets like Lithuania and Estonia showing high growth, potential increases in Asian markets with aging populations, and continuous investments by developed countries to modernize their health infrastructure amid technological advancements and rising healthcare demands.
Top countries in Government Expenditures on Medical Products, Appliances and Equipment Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.03 | 2023 | +2.07% | +2.58% | View data |
| 2 | 2 Japan | 19.14 | 2023 | +1.55% | +1.66% | View data |
| 3 | 3 France | 13.16 | 2023 | +1.74% | +2.43% | View data |
| 4 | 4 Colombia | 9.6 | 2023 | +1.5% | +1.03% | View data |
| 5 | 5 Italy | 7.34 | 2023 | +1.24% | +1.24% | View data |
| 6 | 6 Spain | 5.09 | 2023 | +0.56% | +0.9% | View data |
| 7 | 7 United Kingdom | 4.18 | 2023 | +0.99% | +0.85% | View data |
| 8 | 8 Australia | 2.94 | 2023 | +1.77% | +1.87% | View data |
| 9 | 9 Netherlands | 2.01 | 2023 | +0.086% | +0.51% | View data |
| 10 | 10 Romania | 1.79 | 2023 | +2.46% | +4.89% | View data |
