The import of suture materials, sterile surgical, and dental goods to Malaysia has exhibited significant fluctuations over the years, peaking in 2015 and experiencing a notable decline thereafter. In 2023, the import volume stood at 431.95 thousand kilograms. Over the past two years, the year-on-year variation showed a slight decline of 0.25% in 2023, preceded by a decrease of 9.33% in 2022. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 is -0.84%, indicating a general downward trend in imports.
Future trends to watch for: The forecasted data from 2024 to 2028 suggest a continued gradual decline, with a forecasted five-year CAGR of -0.25% and an overall five-year growth rate of -1.22%. Factors to monitor include changes in domestic production capacities, shifts in healthcare policies, technological advancements in surgical materials, and global market dynamics influencing import rates.
