The export value of suture materials, sterile surgical and dental goods from France has seen substantial fluctuations over the examined period. From a high point in 2013, the export value steeply declined until 2015, hitting its lowest peak. Between 2016 and 2019, a recovery trend is observed, with the most significant year-on-year increase of 68.42% in 2018. However, growth slowed down and plateaued between 2019 and 2021. Entering 2022, the figures slightly decreased, and by 2023, a consistent declining trend is apparent, predicted to continue through 2028.
As of 2023, the value stood at 100.05 Million US Dollars. The year-on-year decline from 2022 to 2023 is noted at -1.71%. Over the last two years, the compound annual growth rate (CAGR) calculated averages to -4.75%. Looking at the forecasted data, the export value is expected to perpetuate this decline with an annual CAGR of -1.4% through 2028, resulting in an overall shrinkage of the market by approximately -6.83% over the next five years.
Future trends to watch for include potential shifts in global demand for surgical materials, trends in healthcare advancements, and trade policies. Additionally, technological innovations in suture materials or related fields may impact export volumes positively or negatively.
