The import value of medical, surgical, or laboratory sterilizers to South Africa in 2023 stood at 4.3725 million USD. Analyzing the historical data, the market has seen significant volatility. For instance, there was a sharp increase in 2014 by 91.2%, followed by a decline of 20.51% in 2015 and 31.63% in 2016. The CAGR over the past five years (2019-2023) stands at 1.87%.
Over the last two years, the year-on-year growth rates were relatively stable: 0.5% in 2022 and 0.49% in 2023. Future forecasted data indicate moderate and steady growth with the import value projected to reach 4.4829 million USD by 2028, maintaining a forecast 5-year CAGR of 0.39%.
Future trends to watch for:
- Regulatory changes impacting importing medical equipment.
- Advancements in sterilizer technology affecting demand dynamics.
- Economic conditions and healthcare budget allocations influencing import volumes.