The global R&D expenditure in the manufacture of medical and dental instruments and supplies is led by the United States with a substantial margin, followed by Germany and Japan. In 2023, the United States showed a 5.27% increase, while Germany and South Korea saw significant growth rates of 16.36% and 13.24%, respectively. Despite some countries experiencing declines, most nations demonstrated positive growth rates. Over the past five years, countries like Romania and Portugal have shown remarkable CAGR due to increased investments.
Future trends to watch include a continued increase in R&D spending, particularly in emerging markets with fast-growing health technology sectors. There is also a focus on digital advancements and innovations in medical technology that will likely drive further investment across developed and developing nations.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Medical and Dental Instruments and Supplies by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 17,880 | 2023 | +4.67% | +5.27% | View data |
| 2 | 2 Germany | 1,940 | 2023 | +11.33% | +16.36% | View data |
| 3 | 3 Japan | 1,260 | 2023 | +2.42% | +3.56% | View data |
| 4 | 4 South Korea | 917.9 | 2023 | +10.16% | +13.24% | View data |
| 5 | 5 Taiwan | 295.5 | 2023 | +5.78% | +7.38% | View data |
| 6 | 6 United Kingdom | 190.84 | 2023 | +2.82% | +1.98% | View data |
| 7 | 7 Canada | 103.8 | 2023 | +3.27% | +2.53% | View data |
| 8 | 8 Spain | 69.81 | 2023 | +2.47% | +4.13% | View data |
| 9 | 9 Poland | 54.43 | 2023 | +9.52% | +4.55% | View data |
| 10 | 10 Hungary | 39.32 | 2023 | +1.66% | +1.98% | View data |
