The import of orthopaedic appliances to Egypt in value terms has shown varying trends over the years. In 2023, the import value stood at $100.73 million. Between 2013 and 2023, the value showed fluctuations with significant growth up to 2015, followed by a decline till 2018, and then a gradual recovery. Year-on-year variations indicate a peak in 2014 and 2015, a decline from 2016 to 2018, and modest recovery until 2023. Notably, the compounded annual growth rate (CAGR) over the last five years (2019-2023) was 4.13%. Looking ahead, the forecast predicts a steady increase with a CAGR of 1.67% over the next five years, anticipating the value to reach $111.94 million by 2028.
Future trends to watch for:
- The impact of technological advancements and innovations in orthopaedic appliances.
- Changes in healthcare policies and import regulations in Egypt.
- Shifts in demographic trends, particularly the aging population requiring more orthopaedic care.
- Possible economic factors affecting the purchasing power and healthcare spending in Egypt.
