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.