Singapore - Pacemakers For Stimulating Heart Muscles (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPacemaker Price in Singapore - 2022
Contents:
- Pacemaker Price in Singapore (FOB) - 2022
- Pacemaker Price in Singapore (CIF) - 2022
- Pacemaker Exports in Singapore
- Pacemaker Imports in Singapore
Pacemaker Price in Singapore (FOB) - 2022
The average pacemaker export price stood at $1,540 per unit in September 2022, increasing by 16% against the previous month. In general, the export price, however, recorded a slight contraction. The pace of growth appeared the most rapid in June 2022 when the average export price increased by 123% m-o-m. As a result, the export price reached the peak level of $4,132 per unit; afterwards, it flattened through to September 2022.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was the United States ($2,828 per unit), while the average price for exports to China ($511 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced a decline.
Pacemaker Price in Singapore (CIF) - 2022
The average pacemaker import price stood at $1,690 per unit in 2022, leveling off at the previous year. Over the period under review, the import price, however, showed a mild curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $1,871 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($1,700 per unit) and Switzerland ($1,699 per unit), while the price for Malaysia ($1,624 per unit) and the Netherlands ($1,657 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.9%), while the prices for the other major suppliers experienced a decline.
Pacemaker Exports in Singapore
In 2022, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported from Singapore amounted to 82K units, picking up by 4.4% compared with the year before. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, pacemaker exports totaled $142M in 2022. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Pacemaker in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.1 | 68.1 | 64.2 | 2433.8% |
| China | 65.5 | 44.8 | 43.4 | 47.6 | -10.1% |
| Netherlands | 19.4 | 0.6 | 4.0 | 7.4 | -27.5% |
| Japan | 5.2 | 8.1 | 5.8 | 5.9 | 4.3% |
| Taiwan (Chinese) | 0.5 | 0.5 | 4.8 | 4.5 | 108.0% |
| India | 4.7 | 0.3 | 3.6 | 3.4 | -10.2% |
| Vietnam | 0.2 | 2.4 | 2.6 | 2.4 | 128.9% |
| Germany | 4.7 | 0.3 | 1.7 | 2.1 | -23.6% |
| Belgium | 9.5 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 3.3 | 5.3 | 4.0 | 20.3% |
| Total | 112 | 60.3 | 139 | 142 | 8.2% |
Top Export Markets for Pacemaker from Singapore in 2022:
- United States (36.2K units)
- China (28.6K units)
- Netherlands (4.3K units)
- Japan (3.4K units)
- Taiwan (Chinese) (2.7K units)
- India (1.9K units)
- Vietnam (1.4K units)
- Germany (1.1K units)
Pacemaker Imports in Singapore
In 2022, purchases abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -17.2% to 19K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, imports reached the peak of 23K units, and then declined remarkably in the following year.
In value terms, pacemaker imports reduced dramatically to $32M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of $38M, and then contracted rapidly in the following year.
| Import of Pacemaker in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 9.0 | 20.5 | 27.7 | 24.2 | 39.1% |
| Malaysia | 10.4 | 0.8 | 0.7 | 3.4 | -31.1% |
| United States | 0.6 | 2.1 | 2.6 | 2.3 | 56.5% |
| Ireland | 1.0 | 0.8 | 1.6 | 1.4 | 11.9% |
| Germany | 0.6 | 0.7 | 0.7 | 0.6 | 0.0% |
| Mexico | N/A | 3.3 | 4.9 | N/A | 48.5% |
| Others | 0.3 | 0.4 | 0.3 | 0.2 | -12.6% |
| Total | 21.8 | 28.6 | 38.5 | 32.1 | 13.8% |
Top Suppliers of Pacemaker to Singapore in 2022:
- Switzerland (14.3K units)
- Malaysia (2.1K units)
- United States (1.3K units)
- Ireland (0.8K units)
- Germany (0.3K units)
This report provides an in-depth analysis of the pacemaker market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26601450 - Pacemakers for stimulating heart muscles (excluding parts and accessories)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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