The import of medical needles, catheters, and cannulae to Angola exhibited significant volatility between 2013 and 2023. After a peak in 2013, imports declined sharply reaching the lowest point in 2016. There was a notable recovery in 2017 and 2018 with substantial year-on-year growth rates. After a slight decline in 2019, the market stabilized with moderate growth from 2019 to 2023. As of 2023, the imports stood at 10.414 million USD, marking a modest compound annual growth rate (CAGR) of 0.05% over the last five years.
Future trends to watch for:
- The forecasted CAGR from 2024 to 2028 is expected to be 2.19%, with overall growth of 11.46% over this period.
- Monitoring regulatory changes and healthcare infrastructure development in Angola is essential.
- Potential macroeconomic factors, such as currency stability and import tariffs, could impact growth rates.
