The import value of artificial body parts, aids, and appliances to the UAE has grown from $7.0866 million in 2013 to $17.735 million in 2023, marking a significant upward trend over the decade. Even though 2017 witnessed a decline (-9.09%) in imports, the overall trend remained positive. From 2018 onwards, annual growth continued with minor fluctuations, maintaining a consistent upward trajectory. The year 2023 stood at $17.735 million, an increase of 1.67% year-on-year from 2022.
Variation over the last two years shows steady growth with an average CAGR of 1.05%. The upcoming forecasted period (2024-2028) indicates a continued growth trend, albeit modest, with a 5-year forecast CAGR of 1.18%.
Future Trends to Watch For:
- Technological advancements in medical devices.
- Increased demand driven by an aging population.
- Regulatory changes impacting import and trade policies.
- Potential market entry of innovative and cost-effective solutions.
