The market for suture materials, sterile surgical, and dental goods in New Zealand has shown a consistent growth trend from 2013 to 2023, increasing from USD 44.191 million to USD 62.709 million. Despite a notable dip in 2020, attributed to the COVID-19 pandemic, the sector has rebounded effectively with a year-on-year growth of 4.23% in 2023. Over the last five years, the compound annual growth rate (CAGR) is 2.79%, reflecting a stable recovery and progression.
Future trends to watch for include advancements in biocompatible suture materials, the rising demand for minimally invasive surgical procedures, and technological integrations such as IoT in sterile goods manufacturing. These will influence market dynamics and potentially drive further growth.
How does New Zealand rank in Suture Materials, Sterile Surgical and Dental Goods Market Size Value?
| # | 33 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 715,350,000 | 2023 | -1.23% | -1.48% | View data |
| 2 | 2 Italy | 604,310,000 | 2023 | -2.1% | -2.65% | View data |
| 3 | 3 France | 571,980,000 | 2023 | -0.54% | -0.83% | View data |
| 4 | 4 Spain | 567,700,000 | 2023 | +0.88% | +0.056% | View data |
| 5 | 5 South Korea | 289,280,000 | 2023 | +4.37% | +4% | View data |
| 13 | 13 South Africa | 70,731,000 | 2023 | -0.93% | -1.12% | View data |
| 14 | 14 Greece | 67,749,000 | 2023 | +2% | +0.99% | View data |
| 15 | 15 New Zealand | 62,709,000 | 2023 | +4.23% | +2.79% | |
| 16 | 16 Chile | 61,152,000 | 2023 | +2.1% | +0.081% | View data |
| 17 | 17 Portugal | 47,881,000 | 2023 | +0.25% | -0.96% | View data |
