The import of ophthalmic instruments and appliances to Brazil in 2023 stood at $60.344 million. Analyzing the year-on-year variation for the last two years, the import grew by 2.21% in 2023 following a 2.3% increase in 2022. The Compound Annual Growth Rate (CAGR) over the past five years shows an average annual growth of 2.63%, indicating a steady increase in imports.
Historically, the import values showed fluctuations with a significant decline in 2016 by 24%. However, the trend has been more stable since 2018, with consistent growth through 2023.
Forecast data from 2024 to 2028 predicts a growth rate reaching $66.474 million by 2028. The five-year forecasted CAGR stands at 1.53%, reflecting a slower, but steady increase.
Future trends to watch for include technological advancements in ophthalmic instruments, potential economic fluctuations in Brazil, and changes in healthcare policies that could impact import volumes. Additionally, market players should monitor global trade agreements and potential supply chain disruptions.