The United States remains a dominant force in global R&D expenditure for medical and dental instruments, eclipsing other countries with its substantial investment. In 2023, it recorded a sizable year-on-year growth of 7.65%. Germany and South Korea follow, demonstrating strong advancements with notable increases of 18.52% and 14.39%, respectively. Emerging contributors like Slovakia and Romania highlighted remarkable growth trends, experiencing 30.94% and 51.06% increases, indicative of their burgeoning potential.
Future trends to watch:
- The United States' continued innovation leadership, possibly concentrating on digital health technologies.
- Europe's rising investment in medical R&D, particularly in Germany and the UK.
- The emergence of Asian players like South Korea and Taiwan in the global R&D landscape.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Medical and Dental Instruments and Supplies Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 82.95 | 2023 | +6.62% | +7.65% | View data |
| 2 | 2 Germany | 9.31 | 2023 | +12.35% | +18.52% | View data |
| 3 | 3 South Korea | 4.01 | 2023 | +11.03% | +14.39% | View data |
| 4 | 4 Taiwan | 1.31 | 2023 | +7.39% | +9.69% | View data |
| 5 | 5 United Kingdom | 0.83 | 2023 | +3.31% | +2.42% | View data |
| 6 | 6 Canada | 0.46 | 2023 | +4.22% | +3.41% | View data |
| 7 | 7 Spain | 0.38 | 2023 | +7.26% | +9.33% | View data |
| 8 | 8 Poland | 0.25 | 2023 | +11.27% | +6.89% | View data |
| 9 | 9 Hungary | 0.18 | 2023 | +2.94% | +3.73% | View data |
| 10 | 10 Czech Republic | 0.1 | 2023 | +0.46% | -3.31% | View data |
