In 2023, Belgium led R&D in medical and dental manufacturing with approximately €118.93 million, showing significant growth of 14.93%, while Italy saw a slight decline at -0.83%. Finland's modest growth of 0.64% positioned it at €69.79 million. Poland marked a 2.93% boost, reaching €37.08 million. Portugal exhibited a 6.3% increase, albeit at a lower base of €7.83 million. Declines were noted in the Czech Republic at -1.01%. Other countries like Malta experienced a 1.46% growth despite smaller totals. The five-year trend indicates varying growth trajectories in R&D investments across European countries.
Future trends to watch include the surge in digital health technologies and the ongoing development of personalized medical solutions, which could drive R&D investments further in this sector. Moreover, geopolitical shifts and regulatory changes within the European Union may impact funding priorities across countries.
Top countries in Business Expenditure on R&D in Medical, Dental Instruments and Supplies Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 118.93 | 2023 | +7.53% | +14.93% | View data |
| 2 | 2 Italy | 97.12 | 2023 | +6.02% | -0.83% | View data |
| 3 | 3 Finland | 69.79 | 2023 | +1.62% | +0.64% | View data |
| 4 | 4 Hungary | 55.88 | 2021 | View data | ||
| 5 | 5 Poland | 37.08 | 2023 | +5.08% | +2.93% | View data |
| 6 | 6 Spain | 31.03 | 2021 | View data | ||
| 7 | 7 Czech Republic | 11.81 | 2023 | +0.1% | -1.01% | View data |
| 8 | 8 Portugal | 7.83 | 2023 | +7.03% | +6.3% | View data |
| 9 | 9 Malta | 3.69 | 2023 | +5.71% | +1.46% | View data |
| 10 | 10 Slovakia | 1.57 | 2021 | +82.23% | +18.52% | View data |
