The import volume of medical, surgical, or laboratory sterilizers to Saudi Arabia has experienced considerable fluctuations between 2013 and 2023. The peak was reached in 2014, with a significant decline in subsequent years. The value in 2023 stands at approximately 157.27 thousand kilograms, reflecting an 11.41% decrease from 2022. The Compound Annual Growth Rate (CAGR) over the last five years is -9.04%.
Looking ahead, the forecasted data indicates a continuous downward trend, projecting a shrinkage in imports down to 51.46 thousand kilograms by 2028. This suggests an average annual decline of approximately 17.55%, corresponding to a total decrease of 61.89% over the next five years.
Future trends to watch for:
- Technological advancements in sterilization methods within the country.
- Policy changes or investments in local production of medical equipment.
- Potential impacts of healthcare reforms and economic conditions on import needs.