Import of suture materials, sterile surgical, and dental goods to Angola stood at 2.9133 million US dollars in 2023. Over the past decade, the market has displayed significant volatility, with dramatic increases and decreases in certain years, such as a peak in 2014 followed by a steep decline in 2015. In the past two years, the market experienced moderate growth with a 3.83% year-on-year increase in 2023 and a -5.39% variation in 2022. The compounded annual growth rate (CAGR) for the last five years was 2.91%, showing a modest but steady growth trajectory.
Looking ahead, the forecasted data indicates a steady increase with an estimated CAGR of 2.46% from 2024 to 2028. By 2028, the market is expected to grow by 12.95%, reaching 3.433 million US dollars.
Future trends to watch for:
- Technological advancements and innovation in medical devices and materials.
- Government policies and healthcare reforms influencing import dynamics.
- Economic factors, including global supply chain stability and currency fluctuations.
- Growing healthcare infrastructure and rising healthcare expenditure in Angola.
