The import of orthopaedic and fracture appliances to Canada from 2013 to 2023 has shown an upward trend, increasing from 249.1 million USD in 2013 to 382.62 million USD in 2023. The year-on-year variation indicates some fluctuations, including a notable decline in 2019, and a resurgence in growth post-2020. Import values have grown at a compound annual growth rate (CAGR) of 4.63% from 2013 to 2017, which slightly tapered to 1.51% from 2018 to 2023.
Looking forward, the forecast data from 2024 to 2028 indicates a steady growth trend, with a projected import value of 436.77 million USD by 2028. The expected 5-year CAGR starting from 2024 is 2.09%, suggesting moderate but consistent growth. The anticipated overall growth rate from 2024 to 2028 is estimated at 10.89%.
Future trends to watch for:
- Technological advancements in orthopaedic and fracture appliances which could influence both demand and product innovation.
- Policy changes and trade agreements impacting the healthcare import sector.
- Demographic changes, particularly an aging population, potentially increasing demand for orthopaedic care.
