The import of artificial joints to Malaysia is projected to rise from $9.4883 million in 2024 to $10.567 million by 2028. This represents a steady growth over the forecasted period.
Year-on-year variations show consistent growth:
- 2024-2025: 2.93%
- 2025-2026: 2.79%
- 2026-2027: 2.66%
- 2027-2028: 2.54%
The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 2.73%.
Future trends to watch for include advancements in medical technology, increased aging population, and potential policy changes aimed at boosting local healthcare capabilities. Additionally, economic factors and international trade relations may impact import volumes and values.
