In 2023, Germany leads in global expenditures on medical products, appliances, and equipment at 83.53 billion USD. Japan and France follow, spending 72.58 and 49.89 billion USD, respectively. Notable growth rates include Romania (4.89%), Lithuania (5.5%), and Estonia (4.21%), indicating a surge in investment. Conversely, Greece (-3.14%) and Hungary (-0.11%) show declining trends. The compounded average growth rate over the last five years also highlights emerging markets like Colombia and Romania making significant strides.
Future trends may include increased digital health investments, a focus on medical innovation, and emerging markets accelerating their infrastructure development, driven by aging populations and technological advancements.
Top countries in Government Expenditures on Medical Products, Appliances and Equipment by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 83,530 | 2023 | +2.07% | +2.58% | View data |
| 2 | 2 Japan | 72,580 | 2023 | +1.55% | +1.66% | View data |
| 3 | 3 France | 49,890 | 2023 | +1.74% | +2.43% | View data |
| 4 | 4 Colombia | 36,390 | 2023 | +1.5% | +1.03% | View data |
| 5 | 5 Italy | 27,850 | 2023 | +1.24% | +1.24% | View data |
| 6 | 6 Spain | 19,300 | 2023 | +0.56% | +0.9% | View data |
| 7 | 7 United Kingdom | 15,840 | 2023 | +0.99% | +0.85% | View data |
| 8 | 8 Australia | 11,140 | 2023 | +1.77% | +1.87% | View data |
| 9 | 9 Netherlands | 7,610 | 2023 | +0.086% | +0.51% | View data |
| 10 | 10 Romania | 6,790 | 2023 | +2.46% | +4.89% | View data |
