Forecast: Import of Electro-Cardiographs to Philippines

The forecasted import of Electro-Cardiographs to the Philippines shows a consistent year-on-year increase from 2024 to 2028. Starting at a value of 28.66 thousand in 2024, it progresses to 31.98 thousand by 2028. The year-on-year percentage variation between these years illustrates a steady upward trend with modest growth. As of 2023, the actual standing was slightly below the 2024 forecast value, indicating a continual rise in demand.

- 2024: 28.66 thousand

- 2025: 29.51 thousand (Increase of around 3%)

- 2026: 30.35 thousand (Increase of around 3%)

- 2027: 31.17 thousand (Increase of around 3%)

- 2028: 31.98 thousand (Increase of around 2.6%)

The compound annual growth rate (CAGR) for the period 2024-2028 is approximately 3%, showing a stable market trend.

Future trends to watch for include technological advancements, competitive pricing, and the healthcare sector's capacity to adopt new technologies. Monitoring global economic factors and healthcare policies in the Philippines will continue to be crucial for understanding and predicting import behaviors.