In 2023, South Korea's import volume of artificial body parts, aids, and appliances was approximately 162.5 thousand kilograms. The forecasted data show a steady increase over the next several years. Specifically, the imports are expected to rise to 167.47 thousand kilograms in 2024, 172.13 thousand kilograms in 2025, 176.7 thousand kilograms in 2026, 181.17 thousand kilograms in 2027, and 185.56 thousand kilograms in 2028.
By examining the year-on-year variation:
- From 2023 to 2024: an increase of 3.06%
- From 2024 to 2025: an increase of 2.78%
- From 2025 to 2026: an increase of 2.65%
- From 2026 to 2027: an increase of 2.53%
- From 2027 to 2028: an increase of 2.42%
CAGR over the five-year forecast period (2024-2028) is anticipated to be 2.7%, reflecting a consistent growth trend.
Future trends to watch for include advancements in medical technology, increasing healthcare spending, and an aging population, which are likely to drive the continued rise in imports of artificial body parts, aids, and appliances.
