The import of Medical, Dental, Surgical, and Veterinary Furniture to South Africa has demonstrated a varied trend over the past decade. From 2013, where imports were at 2.9629 million kilograms, there was a general decline until 2017, with imports reducing to 2.3922 million kilograms. Notably, 2018 saw an uptick in import value which continued to rise, reaching 3.0635 million kilograms in 2023. The year-on-year growth rates demonstrate fluctuations, with notable declines in 2014, 2016, and 2017, but more stable positive growth from 2018 onwards.
The last two years saw an average growth rate of approximately 2.64%. The compound annual growth rate (CAGR) over the last five years stands at 2.64%, indicating steady yet modest growth. Looking ahead, forecasts suggest the import volume will continue this positive trend, although at a slower average pace, with a forecasted 5-year CAGR of 1.77% leading to a total growth rate of 9.15% by 2028.
Future trends to watch for include potential impacts of global supply chain disruptions, shifts in healthcare policies, and technological advancements in medical furniture, which may influence both demand and supply dynamics, thus impacting import volumes.