In 2023, Germany led in R&D expenditure for medical and dental instruments and supplies, amounting to 1.74 billion euros, with an 18.6% year-on-year increase. Italy followed with 0.10737 billion euros, marking a modest 0.44% rise. Slovakia experienced remarkable growth of 31.7% to 0.00661 billion euros. Portugal's expenditure also surged by 34.54%, reaching 0.00416 billion euros. Lithuania and Slovenia observed respective increases of 8.52% and 6.29%, while Estonia showed a slight rise at 1.44%.
Future trends to watch for include:
- Germany's sustained growth in R&D, potentially driving innovation across Europe.
- Significant growth potential in Eastern European countries like Slovakia and Portugal, indicating rising R&D efforts.
- The impact of EU funding on smaller nations' increased R&D investments.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Medical and Dental Instruments and Supplies by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,740 | 2023 | +12.59% | +18.6% | View data |
| 2 | 2 Italy | 107.37 | 2023 | +9.5% | +0.44% | View data |
| 3 | 3 Slovakia | 6.61 | 2023 | +30.59% | +31.7% | View data |
| 4 | 4 Portugal | 4.16 | 2023 | +12.75% | +34.54% | View data |
| 5 | 5 Lithuania | 2.75 | 2023 | +9.67% | +8.52% | View data |
| 6 | 6 Slovenia | 2.09 | 2023 | +1.66% | +6.29% | View data |
| 7 | 7 Estonia | 1.4 | 2023 | +2.87% | +1.44% | View data |
