The import of instruments and appliances used in dentistry to Malaysia exhibited fluctuating trends over the period from 2013 to 2023. After reaching a peak in 2015, the import values experienced a significant drop in 2016, followed by a period of recovery and modest growth. The values for 2023 stood at 16.695 million US Dollars, representing a year-on-year growth rate of 1.36%. The average annual growth rate (CAGR) over the last five years (2018-2023) was 0.97%, signalling moderate growth over this period.
Future trends to watch for:
- Technological advancements in dental instruments and appliances could drive an increase in imports.
- Changes in healthcare policies or trade agreements impacting the importation of medical devices.
- Consumer demand shifts towards higher quality and specialized dental services.
- Economic factors and currency exchange rates influencing the cost of imports.