The United States leads in global R&D expenditure in the manufacture of medical and dental instruments and supplies with a value of $21.01 billion. Germany and South Korea follow, with $2.36 billion and $1.02 billion, respectively. Most countries exhibit positive year-on-year growth from 2023, notably Slovakia with a 30.94% increase and Portugal with 34.44%. However, the Czech Republic and Iceland have shown slight decreases.
Future trends to watch include continued growth in developing markets such as Romania due to its remarkable 51.06% jump in 2023. Expect increased investment in innovative medical technologies and changes in global health priorities to influence R&D spending dynamics.
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 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 21,010 | 2023 | +6.62% | +7.65% | View data |
| 2 | 2 Germany | 2,360 | 2023 | +12.35% | +18.52% | View data |
| 3 | 3 South Korea | 1,020 | 2023 | +11.03% | +14.39% | View data |
| 4 | 4 Taiwan | 330.76 | 2023 | +7.39% | +9.69% | View data |
| 5 | 5 United Kingdom | 210.38 | 2023 | +3.31% | +2.42% | View data |
| 6 | 6 Canada | 116.65 | 2023 | +4.22% | +3.41% | View data |
| 7 | 7 Spain | 96.42 | 2023 | +7.26% | +9.33% | View data |
| 8 | 8 Poland | 63.28 | 2023 | +11.27% | +6.89% | View data |
| 9 | 9 Hungary | 45.09 | 2023 | +2.94% | +3.73% | View data |
| 10 | 10 Czech Republic | 25.77 | 2023 | +0.46% | -3.31% | View data |
