The import volume of ophthalmic instruments and appliances to China has shown a consistent upward trend from 2013 to 2023, growing from 636.88 thousand kilograms to 1661.3 thousand kilograms. The year-on-year growth rate has generally been positive, although it has decelerated over time. The compound annual growth rate (CAGR) over the last 5 years leading to 2023 is approximately 4.6%.
Recent yearly growth rates have seen reduced figures, with a 4.45% increase in 2022 and a 4.18% increase in 2023. Forecasted growth rates predict a continued, albeit slower, increase in imports with a 5-year CAGR of 2.73%, and a total forecasted growth over the next five years of 14.39% reaching 1975.1 thousand kilograms by 2028.
Future trends to watch for:
- Technological advancements in ophthalmic instruments.
- Changes in regulatory policies impacting medical imports.
- Increasing prevalence of eye diseases and aging population driving demand.
