The production of Medical and Dental Instruments and Supplies in Portugal experienced significant fluctuations between 2013 and 2023, with values expressed in millions of items. After a steady decline from 2013 to 2017, the sector saw an enormous increase in 2018, only to drop sharply again in subsequent years, reaching a low in 2021. This was followed by a remarkable recovery in 2022 and a stable growth pattern extending into 2023. The forecast indicates a steady growth from 2024 onwards, projecting an average annual growth rate (CAGR) of 2.37% over the next five years.
Future trends to watch for include:
- Adoption of advanced technologies in medical and dental instruments production.
- Increased demand driven by aging populations and healthcare advancements.
- Potential supply chain disruptions and their effects on production stability.
