EU: Pacemaker Market 2024

Pacemaker Market Size in the EU

In 2022, the EU pacemaker market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Pacemaker Production in the EU

In value terms, pacemaker production amounted to $X in 2022 estimated in export price. In general, production recorded a temperate increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Pacemaker Exports

Exports in the EU

In 2022, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pacemaker exports amounted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of around X units, which finished at X% of total exports. Ireland (X units) ranks second in terms of the total exports with an X% share, followed by Belgium (X%). Germany (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pacemaker exports from the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Ireland (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (X p.p.) and Ireland (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X), Ireland ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Pacemaker Imports

Imports in the EU

After two years of decline, overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units in 2022. Overall, imports, however, saw a deep slump. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, pacemaker imports rose markedly to $X in 2022. In general, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X units) and Italy (X units) represented roughly X% of total imports in 2022. It was distantly followed by Ireland (X units), Belgium (X units) and France (X units), together comprising a X% share of total imports. Germany (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported pacemakers for stimulating heart muscles (excl. parts and accessories) in the European Union, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

In the Netherlands, pacemaker imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, dropping by X% against the previous year. In general, the import price, however, saw a noticeable increase. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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