In this article, we take a look at the 5 most advanced countries in medicine. If you want to check out our detailed analysis of the healthcare industry, go directly to 15 Most Advanced Countries in Medicine.
5. Norway
Health Care Index: 56.71
Citations Per Paper: 10.55
Legatum-Prosperity Health Score: 252.05
Norway is one of the most advanced countries in medicine in Europe. In 2019, the country spent 10.52% of its GDP on healthcare. The leading research institute in the country, especially as it pertains to the health sector, is SINTEF Group.
4. The Netherlands
Health Care Index: 60.16
Citations Per Paper: 12.97
Legatum-Prosperity Health Score: 246.74
The Netherlands is located in Northwestern Europe. It is one of the technological giants on the continent. The country is not content with striking volume deals with the major pharma companies and is seeking to tap into the power of the EU to create greater economies of scale in the healthcare sector.
The share of healthcare in its 2019 GDP was 10.13%. As per the data from 2018, the country had four doctors for every 1,000 of its citizens. In terms of research, Philips Research, Eindhoven and Danone Nederland BV are the leading institutes in the country.
3. Denmark
Health Care Index: 60.16
Citations Per Paper: 12.97
Legatum-Prosperity Health Score: 246.74
Denmark is yet another Scandinavian country on our list of most advanced countries in medicine. It is home to Novo Nordisk A/S, one of the biggest pharma companies on the globe.
Denmark has a strong focus on preventative medicine and high-quality patient care. The country has a high number of trained medical professionals and a well-established network of hospitals and clinics.
2. Japan
Health Care Index: 70.73
Citations Per Paper: 7.53
Legatum-Prosperity Health Score: 259.89
Japan is the third biggest economy in the world, and as such, spends a significant amount of capital on healthcare, especially in the anticipation of an aging population. It is known for frontier medical-research pharma companies like Astellas Pharma and Takeda Pharma.
1. South Korea
Health Care Index: 78.72
Citations Per Paper: 6.32
Legatum-Prosperity Health Score: 252.18
South Korea is the most advanced country in the world in terms of medicine based on our averaging out of credible reports. Its leading institutes in research and schooling in the field of medicine include Yonsei University, Seoul National University and Korea University.
On the corporate front, there are companies like Yuhan Corp, LG Chem Ltd and GC Biopharma Corp, among others. The share of the country’s GDP for the healthcare sector was 8.16% in 2019. According to Korea Biomedical Review, the country ranks 10th with regard to the number of published medical papers.
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