The turnover of medical and dental instruments and supplies in Austria has shown a general upward trend from 2013 to 2023, standing at €1,190 million in 2023. The year-on-year variation demonstrates significant peaks, such as a 7.36% increase in 2015 and a notable 6.91% growth in 2019. Conversely, 2020 experienced a 4.79% decrease due to disruptions, likely linked to the global pandemic. The last two years reported a more stable growth, with year-on-year increases of 1.99% in 2022 and 1.93% in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) stands at 1.99%, indicating consistent but moderate growth.
Looking forward, the forecasted data predicts a steady rise, reaching €1,300 million by 2028. The five-year forecasted CAGR is projected at 1.42%, translating into a 7.32% growth over the period. Future trends to watch for include advancements in medical technology, changes in healthcare regulations, and demographic shifts towards an aging population that could drive demand for medical and dental instruments and supplies.
