The import of ophthalmic instruments and appliances to Singapore has exhibited a fluctuating trend from 2013 to 2023. In 2023, the volume stood at 142.85 thousand kilograms. Over the past two years, the year-on-year variation shows a consistent decline of approximately 0.95%. The average annual variation (CAGR) over the last five years indicates a very slight decline of 0.11%. Projections suggest a continued decrease in imports, with a forecasted 5-year average annual decline (CAGR) of 0.81%, and an overall reduction of 4% expected by 2028.
Future trends to watch for in this sector include the potential impact of technological advancements in ophthalmic instruments, shifts in global supply chains, and the potential for increased local manufacturing capabilities in the region. Additionally, changes in healthcare policies and the growing demand for eye care services could influence import volumes in the coming years.
