The import of medical, dental, surgical, and veterinary furniture to the Philippines has been showing a steady increase. In 2023, the value stood at 20.631 million USD, setting a baseline for subsequent years. Moving into the forecasted period, the value is predicted to rise annually.
The year-on-year variation between 2024 and 2025 is approximately 4.06%, while from 2025 to 2026 it is about 3.82%. The variation from 2026 to 2027 continues at 3.61%, and from 2027 to 2028 it is expected to be around 3.41%. Over the last two years (2026-2028), the compound annual growth rate (CAGR) is approximately 3.62%.
Future trends to watch for include potential impacts of global supply chain disruptions, technological advancements in medical furniture, and any regulatory changes in import policies. The healthcare sector's expansion in the Philippines will also play a significant role in driving import growth in this segment.
