Canada's imports of orthopaedic appliances have displayed fluctuating trends from 2013 to 2023, peaking at 1.5026 Billion US Dollars in 2023. In recent years, the year-on-year growth rates have moderated, with a slight decline in the average CAGR to 2.64% over the past five years. The 2023 imports saw a 2.27% increase over the previous year. Forecasts from 2024 onward predict consistent growth, culminating in an 8.11% forecasted increase by 2028, amounting to a 1.57% CAGR over the next five years.
Future trends to watch for include advancements in medical technology, rising healthcare demands due to an aging population, and potential trade policy changes, which could impact import dynamics.
