The export of suture materials, sterile surgical, and dental goods from India has experienced notable fluctuations from 2013 to 2023. Key trends include a decrease in value from 2013 to 2015, followed by a recovery period from 2016 onwards. Year-on-year variations show significant volatility, with a sharp increase in 2017 (37.85%) and steady growth in recent years, despite a minor dip in 2022 (-5.6%). In 2023, the value stood at 37.088 million USD, marking a 3.63% increase from the previous year. Over the last five years, the category has shown an average annual growth rate (CAGR) of 3.76%.
Looking forward, forecast data indicate a steady growth trajectory with a forecasted 5-year CAGR of 2.34%, projecting the value to reach 43.37 million USD by 2028. This reflects a forecasted growth rate of 12.28% over the next five years.
Future trends to watch for include the potential impacts of technological advancements in medical products, shifts in global healthcare demands, and changes in international trade policies, which could influence export dynamics significantly.
