In 2023, the import of medical apparatus using alpha, beta, or gamma radiation to the US was valued at an estimated 33 million US dollars. Forecasted data from 2024 onwards indicates a declining trend with values dropping from 31.561 million in 2024 to 25.549 million by 2028. Over the past two years, the import value is expected to decrease by about 5% per annum. The compounded annual growth rate (CAGR) from 2024 to 2028 is estimated to reflect a continuous decline, suggesting a persistent contraction in imports.
Future trends to watch include:
- Technological advancements in alternative medical apparatus that might lower dependency on imports.
- Regulatory changes that could impact the import process or increase local production.
- Economic policies influencing trade relations and healthcare expenditure.