The sold production of medical and dental instruments and supplies in Portugal for the year 2023 stood at 331.34 million Euros. Analyzing the year-on-year variations, there was a 2.74% increase compared to 2022. Over the last five years, the compound annual growth rate (CAGR) registers a marginal decline at -0.33%. Observing longer trends, from 2013 to 2023, reveals significant fluctuations, notably a sharp increase in 2018, followed by various ebbs and flows with a notable decline in 2017 and incremental gains post-2020.
The forecast for the period from 2024 to 2028 predicts a stable growth trajectory with an average year-on-year increase, resulting in a forecasted 5-year CAGR of 1.93% and an overall growth rate of 10.05% by 2028. This suggests a steady, albeit moderate, positive outlook for the industry.
Future trends to watch include:
- Advancements in medical technology and their impact on production levels.
- Changes in global supply chains influencing material and production costs.
- Healthcare policy shifts and investments from both public and private sectors.
- Emerging markets and trade relationships impacting export opportunities.