In 2023, South Korea led global researchers in the manufacture of medical and dental instruments, with Japan and Germany closely following. Rapid growth was noted in Lithuania and South Korea with year-on-year increases of 10.76% and 9.92%, respectively. Canada, Hungary, the Czech Republic, and Romania faced declines in research participation, with Romania declining by 10.59%. The five-year CAGR shows South Korea and Taiwan trending upwards, while several Eastern European countries remain relatively static.
Looking ahead, expect increased competition in Asia, driven by technological advances. Focus on the global pivot towards harmonizing regulatory standards and innovation incentives is crucial for sustaining growth in this sector.
Top countries in Total Researchers in Manufacture of Medical and Dental Instruments and Supplies Share by Country (Units (Full-Time Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 28.14 | 2023 | +7.8% | +9.92% | View data |
| 2 | 2 Japan | 26.34 | 2023 | +1.94% | +4.76% | View data |
| 3 | 3 Germany | 18.12 | 2023 | +2.77% | +4.94% | View data |
| 4 | 4 Taiwan | 7.45 | 2023 | +6.26% | +9.62% | View data |
| 5 | 5 United Kingdom | 4.08 | 2023 | +3.09% | +0.64% | View data |
| 6 | 6 New Zealand | 3.82 | 2023 | +2.44% | +3.87% | View data |
| 7 | 7 Canada | 3.45 | 2023 | +1.47% | -1.05% | View data |
| 8 | 8 Italy | 2.88 | 2023 | +3.42% | +1.77% | View data |
| 9 | 9 Poland | 1.79 | 2023 | +4.24% | +4.2% | View data |
| 10 | 10 Spain | 1.6 | 2023 | +1.74% | +4.43% | View data |
