The import of orthopaedic and fracture appliances to Angola has seen fluctuations over the past decade. From a high in 2014, import values have generally trended downwards. There was significant volatility with notable dips in 2015 and gradual declines starting from 2018 through to 2023, where the value stood at 1.0318 million USD. The year-on-year variation for the last two years showed a consistent decline: -6.49% in 2022 and -6.49% in 2023. Over the last five years, the compound annual growth rate (CAGR) was -8.06%, indicating a consistent decrease in imports.
Forecasted data from 2024 shows a continued downward trend, with imports expected to decline to 0.65768 million USD by 2028. The forecasted 5-year CAGR is -7.15%, showing a predicted average annual decline, while the total decline over these five years is anticipated to be around -31%.
Future Trends to Watch For:
- Economic stabilization or growth in Angola which could impact healthcare spending.
- Government policies and initiatives towards improving domestic healthcare infrastructure.
- Technological advancements and local development in orthopaedic solutions.
