diff --git a/unstructured/utils.py b/unstructured/utils.py
index f83f8831a2..8d6543e090 100644
--- a/unstructured/utils.py
+++ b/unstructured/utils.py
@@ -10,7 +10,7 @@
 import subprocess
 import tempfile
 import threading
-from functools import wraps
+from functools import lru_cache, wraps
 from itertools import combinations
 from typing import (
     TYPE_CHECKING,
@@ -227,6 +227,7 @@ async def wrapper_async(*args: _P.args, **kwargs: _P.kwargs):
     return decorator
 
 
+@lru_cache(maxsize=128)
 def dependency_exists(dependency: str):
     try:
         importlib.import_module(dependency)