In 2023, the import of Therapeutic Respiration Apparatus to the Philippines stood at 16.861 million US dollars. Forecasted data from 2024 to 2028 shows a steady year-on-year increase in import values, with the figures reaching 17.522 million, 18.205 million, 18.875 million, 19.531 million, and 20.174 million US dollars respectively.
The year-on-year growth rates are as follows:
- 2024: 3.92%
- 2025: 3.90%
- 2026: 3.67%
- 2027: 3.47%
- 2028: 3.29%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.65%.
Future trends to watch for include technological advancements in therapeutic respiratory apparatus, increased healthcare expenditure, and potential changes in import regulations which could impact import volume and value. Additionally, monitoring global health challenges such as respiratory diseases will be key to understanding demand fluctuations.
