The R&D expenditure in medical and dental instruments and supplies manufacturing varies notably across European countries, with Hungary leading at 0.036% of GDP. Finland and Belgium follow, exhibiting positive growth from the prior year at 0.68% and 13.97%, respectively. Conversely, some nations like Malta and the Czech Republic experienced slight declines. Notable increases were observed in Portugal, reflecting a 5.92% increase year-on-year. Poland also saw moderate growth at 3.13%, whereas Italy showed stability. Spain and Slovakia lag with minor contributions.
Future trends indicate a rising focus on innovation-driven economies, particularly in Finland and Belgium. Emerging technologies, increased health sector investments, and cross-border collaborations could significantly bolster R&D expenditure across Europe. Monitoring shifts in government policies and economic conditions will be crucial for anticipating future patterns in this sector.
Top countries in Business Expenditure on R&D in Medical, Dental Instruments and Supplies Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 0.036 | 2021 | View data | ||
| 2 | 2 Finland | 0.03 | 2023 | 0% | +0.68% | View data |
| 3 | 3 Belgium | 0.025 | 2023 | +8.7% | +13.97% | View data |
| 4 | 4 Malta | 0.024 | 2023 | +9.09% | -1.59% | View data |
| 5 | 5 Poland | 0.007 | 2023 | 0% | +3.13% | View data |
| 6 | 6 Italy | 0.006 | 2023 | +20% | 0% | View data |
| 7 | 7 Czech Republic | 0.005 | 2023 | 0% | -3.58% | View data |
| 8 | 8 Portugal | 0.004 | 2023 | 0% | +5.92% | View data |
| 9 | 9 Spain | 0.003 | 2021 | View data | ||
| 10 | 10 Slovakia | 0.002 | 2021 | +100% | +14.87% | View data |
