U.S. Pacemaker Price Drops Slightly to $3,680 per unit in July

U.S. Pacemaker Import Price July 2022

The average pacemaker import price stood at $3,680 per unit in July 2022, reducing by -1.6% against the previous month. Overall, the import price recorded a slight decline. The pace of growth was the most pronounced in February 2022 when the average import price increased by 21% month-to-month. As a result, import price attained the peak level of $4,887 per unit; afterwards, it flattened through to July 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($5,898 per unit), while the price for Germany ($788 per unit) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.4%), while the prices for the other major suppliers experienced a decline.

U.S. Pacemaker Imports

In July 2022, overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by 23% to 44K units for the first time since April 2022, thus ending a two-month declining trend. The total import volume increased at an average monthly rate of +3.0% over the period from January 2022 to July 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain months. Over the period under review, imports attained the maximum at 46K units in April 2022; afterwards, it flattened through to July 2022.

In value terms, pacemaker imports soared to $162M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +1.4% from January 2022 to July 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in February 2022 when imports increased by 22% m-o-m. Imports peaked at $186M in April 2022; however, from May 2022 to July 2022, imports stood at a somewhat lower figure.

U.S. Pacemaker Imports by Country

Singapore (18K units), Ireland (13K units) and Switzerland (7.2K units) were the main suppliers of pacemaker imports to the United States, with a combined 87% share of total imports. These countries were followed by Malaysia and Germany, which together accounted for a further 13%.

From January 2022 to July 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to the United States were Ireland ($73M), Switzerland ($42M) and Singapore ($31M), with a combined 91% share of total imports.

Ireland, with a CAGR of +5.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform