Forecast: Import of Instruments and Appliances Used in Dentistry to Canada

The import value of instruments and appliances used in dentistry to Canada in 2023 stood at 278.41 million USD. Over the past ten years, the market has shown a trend of consistent growth, with a few fluctuations. The year-on-year variation in 2023 was 2.82%, and the CAGR for the last five years leading up to 2023 was 4.32%, indicating a stable expansion of the market. Notable past trends include a significant growth of 12.15% in 2017 and a more moderate increase of 0.94% in 2022.

Future trends to watch for include:

  • Stable growth: The forecast suggests a gradual increase with a forecasted 5-year CAGR of 1.91% leading to a total growth rate over five years of 9.91% by 2028.
  • Technological advancements: The development of advanced dental instruments and appliances could drive increments in import values.
  • Market demand: Increasing health awareness and dental care needs are likely to contribute to steady market growth.

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