Which countries are ahead of the United States in biotechnology?

There is no one answer to this question, as countries around the world are quickly emerging as leaders in biotechnology. However, here are five countries that are leading the pack right now:

1. China – China is already well-known for its rapidly growing biotech industry, and its efforts in this field seem to be paying off. In 2016, Chinese companies made up a whopping 42% of all global biotech deals, and their R&D spending is projected to reach $200 billion by 2020.

2. United States – The US is still the world’s leading country when it comes to R&D spending, but China is quickly catching up. In 2017, the US accounted for 36% of global biotech deals, while China made up a whopping 33%.

3. Japan – Japan has been making significant progress in biotechnology over the past few years, and its efforts seem to be paying off. In 2017 alone, Japanese companies raised $24 billion in venture capital investments, which is more than any other country.

4. Germany – Germany has long been known for its scientific prowess, and its biotechnology industry is no exception. In 2017, German companies raised $27 billion in venture capital investments, which was more than any other country.

5. France – France has long been known for its impressive medical technology sector, and its biotechnology industry is no exception. In 2017, French companies raised $27 billion in venture capital investments, which was more than any other country.