In 2023, Finland leads in R&D expenditure in irradiation, electromedical, and electrotherapeutic equipment manufacturing at 0.042% of GDP. Belgium, Italy, and Czech Republic follow, with increases of 7.39%, 10.76%, and 14.87% respectively. Portugal and Poland remain steady, while Spain lags behind with minimal investment. Overall, the landscape reveals varying national commitments to advancing this sector. A five-year CAGR analysis would likely show Finland's consistent leadership and emerging growth in smaller markets like Czech Republic.
Future trends to watch include potential shifts in investment driven by technological advancements, increased collaboration within the EU, and evolving regulatory environments. Emphasis on sustainable technologies and enhanced healthcare demand may also influence expenditure patterns across Europe.
Top countries in Business Expenditure on R&D in Irradiation, Electromedical and Electrotherapeutic Equipment Manufacturing by Country
| # | 7 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 0.042 | 2023 | +7.69% | 0% | View data |
| 2 | 2 Belgium | 0.02 | 2023 | 0% | +7.39% | View data |
| 3 | 3 Italy | 0.01 | 2023 | 0% | +10.76% | View data |
| 4 | 4 Czech Republic | 0.004 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Portugal | 0.002 | 2023 | +100% | View data | |
| 6 | 6 Poland | 0.001 | 2023 | 0% | 0% | View data |
| 7 | 7 Spain | 0.001 | 2021 | View data |
