Based on the historical data of composite diagnostic or laboratory reagents imported to Angola, we observe that in 2023 the import value stood at 37.716 million USD. Over the past two years, the year-on-year growth rates were 3.9% in 2022 and 3.68% in 2023. Analyzing the Compounded Annual Growth Rate (CAGR) over the past five years (2018-2023), we obtain an average increase of 2.68% per year. The import value has shown fluctuations with significant growth in 2018 and the highest recent annual increases observed between 2020 and 2023, albeit with a slower upward trend.
The future forecast (2024-2028) indicates a positive but modest growth with an expected forecasted 5-year CAGR of 2.44%, leading to a growth rate of 12.79% by 2028. Trends to watch for include potential impacts of global economic conditions, Angola's healthcare industry developments, government policy changes, and technological advancements in diagnostics.
