The import of artificial joints to Singapore is on an upward trajectory. As of 2023, the imports stood at 221.57 thousand kilograms. Forecast data for 2024 predict an import volume of 232.34 thousand kilograms, marking a 4.85% increase year-on-year from 2023. Continuing this trend, the imports are expected to grow by 5.06% in 2025, reaching 244.06 thousand kilograms. In 2026, the volume will likely rise by 4.70% to 255.54 thousand kilograms. For 2027, a 4.41% increase is projected, bringing the imports to 266.8 thousand kilograms, and in 2028, the figure is anticipated to reach 277.83 thousand kilograms, a 4.13% increase year-on-year. Over the forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is calculated to be approximately 4.63%.
Trends to watch for in the future include advancements in joint replacement technology, potential shifts in healthcare policies, and demographic changes such as an aging population, which may influence the demand for artificial joints.
