The import of suture materials, sterile surgical, and dental goods to Egypt has exhibited significant fluctuations over the past decade. From a low point in 2013, the value of imports increased steadily, although not without some notable dips, such as in 2016 and 2022. Despite these occasional drops, the overall trend has been positive, with the import value reaching $25.108 million in 2023.
Year-on-year variation shows substantial growth in several periods, notably in 2015 (29.25%) and 2017 (37.87%). However, the market also faced downturns, such as in 2016 (-26.46%) and 2022 (-5.5%). Most recently, 2023 experienced a modest increase of 3.73%. The compound annual growth rate (CAGR) over the past five years stood at 2.88%, illustrating a relatively stable upward trend.
Future forecasts predict continued growth in imports, with a projected 5-year CAGR of 2.4%, culminating in a market value of $29.471 million by 2028. This signifies a growth rate of 12.61% over the next five years.
Trends to watch in the future include potential impacts of global supply chain disruptions, shifts in healthcare policies, and technological advancements in medical materials, all of which could influence import volumes and values.
