The import of ophthalmic instruments and appliances to South Africa has shown a steady increase from 2013 to 2023, with values rising from $33.738 million to $39.435 million in 2023. The initial five years (2013-2017) witnessed fluctuations but maintained an upward trend, stabilizing in the subsequent years. Year-on-year variations demonstrated minor declines and moderate growth, with the most recent years showing a consistent increase. The compound annual growth rate (CAGR) over the last five years stands at 2.58%, indicating a gradual increase.
Future trends to watch for:
- A predicted growth with the value expected to reach $43.519 million by 2028.
- A forecasted 5-year CAGR of 1.56%, suggesting continued, albeit slower, growth.
- Potential influences of technological developments and healthcare advancements driving import volumes.
- Market dynamics such as regulatory changes or economic factors that could impact import growth rates.