In 2023, Italy leads European business expenditure on R&D in irradiation, electromedical, and electrotherapeutic equipment manufacturing, investing 42.22 million euros, while Finland and Belgium follow with 23.49 and 21.97 million euros, respectively. Notably, Italy showed a positive year-on-year growth of 11.14% in 2023, and Portugal experienced the highest growth at 18.86%. Conversely, Serbia maintained a minimal investment with no growth change. Although variations exist, growth trends suggest a consolidated interest in R&D spending across key European markets.
Future trends to watch include increased innovation and collaboration among European countries driven by technological advancements and rising demand for enhanced healthcare equipment. Continued focus on sustainable and smart solutions may further boost R&D investments in this sector.
Top countries in Business Expenditure on R&D in Irradiation, Electromedical and Electrotherapeutic Equipment Manufacturing Share by Country (Million Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.22 | 2023 | +4.9% | +11.14% | View data |
| 2 | 2 Finland | 23.49 | 2023 | +11.28% | +1.08% | View data |
| 3 | 3 Belgium | 21.97 | 2023 | +6.45% | +9.02% | View data |
| 4 | 4 Spain | 2.69 | 2021 | View data | ||
| 5 | 5 Czech Republic | 2.06 | 2023 | +5.66% | +13.23% | View data |
| 6 | 6 Poland | 1.85 | 2023 | +10.56% | +10.44% | View data |
| 7 | 7 Portugal | 0.25 | 2023 | +4.86% | +18.86% | View data |
| 8 | 8 Serbia | 0.005 | 2023 | +16.67% | View data |
