Imports of ophthalmic instruments and appliances to Oman have shown variable trends over the years. The import value stood at 3.7837 million USD in 2023, reflecting a year-on-year increase of 2.48%. Before that, between 2013 and 2023, there were fluctuations due to market and economic factors, such as a notable peak in 2015 followed by a significant dip in 2016. The last five-year CAGR leading up to 2023 was relatively low at 1.52%, indicating modest growth overall.
Forecasts from 2024 onward predict a steady rise, with the value potentially reaching 4.2149 million USD by 2028, suggesting a forecasted 5-year CAGR of 1.7% and a forecasted 5-year growth rate of 8.82%. This implies a continuing but moderate increase in imports.
Trends to watch for:
- Advancements in ophthalmic technology driving demand
- Potential policy changes or economic conditions affecting imports
- Competition from other markets and local manufacturing capabilities
