From 2013 to 2023, the volume of medical, dental, surgical, and veterinary furniture imports to Malaysia has shown an overall upward trend despite fluctuations. The volume stood at 1.9625 million kilograms in 2023. The year-on-year variations have ranged from significant increases such as 65.39% in 2013 to declines like -14.69% in 2016. The last two years saw a moderate increase: 4.07% in 2022 and 3.83% in 2023. The average annual growth rate (CAGR) over the last five years is 4.01%, indicating steady growth.
Future trends to watch for include:
- Continual growth, with a forecasted 5-year CAGR of 2.53%.
- A potential overall growth of 13.28% by 2028.
- Impacts of technological advancements and healthcare infrastructure investments on import volume.