The import of ophthalmic instruments and appliances to Canada stood at 120.56 million USD in 2023. From 2013 to 2023, the imports experienced fluctuations, with notable drops in 2016 and 2017, followed by a strong recovery post-2018. The year-on-year variation over the last two years was 2.15% and 2.24%, respectively. The compound annual growth rate (CAGR) over the last 5 years was 2.76%. The forecast suggests a steady increase with a 5-year CAGR of 1.49%, culminating in 132.49 million USD by 2028.
Future trends to watch for:
- Technological advancements in ophthalmic instruments driving demand.
- Potential impacts of healthcare policy changes in Canada.
- Global supply chain disruptions and their effects on imports.
