In 2023, Italy, Spain, and Sweden led European business expenditure on R&D in human health and social work, with investments of 333.58, 305.47, and 226.34 million euros, respectively. The Czech Republic and Malta contributed minimally, investing just 1.79 and 0.52 million euros. Year-on-year, growth fluctuated, exemplified by Slovakia’s 44.62% surge and the Czech Republic’s 9.76% decline. The five-year CAGR reveals varied investment intensities, with Portugal, Finland, and Belgium highlighting substantial increases.
Future trends include ongoing investment growth, propelled by an expanding focus on healthcare innovation. Emerging technologies and the harmonization of EU health policies are expected to invite further investment across diverse European markets.
Top countries in Business Expenditure on R&D in Human Health and Social Work Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 333.58 | 2023 | +6.19% | +4.27% | View data |
| 2 | 2 Spain | 305.47 | 2021 | View data | ||
| 3 | 3 Sweden | 226.34 | 2023 | +24.58% | View data | |
| 4 | 4 Poland | 155.22 | 2023 | +28.34% | +12.3% | View data |
| 5 | 5 Belgium | 133.32 | 2023 | +7.19% | +14.7% | View data |
| 6 | 6 Portugal | 49.17 | 2023 | +15.84% | +20.18% | View data |
| 7 | 7 Hungary | 48.32 | 2021 | View data | ||
| 8 | 8 Finland | 46.39 | 2023 | +16.54% | +24.2% | View data |
| 9 | 9 Slovakia | 17.76 | 2023 | +8.37% | +44.62% | View data |
| 10 | 10 Croatia | 16.23 | 2023 | +44.31% | View data |
