Thailand - Pacemakers For Stimulating Heart Muscles (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Thailand - Pacemakers For Stimulating Heart Muscles (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights

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Pacemaker Price in Thailand - 2023

Contents:

  1. Pacemaker Price in Thailand (CIF) - 2023
  2. Pacemaker Price in Thailand (FOB) - 2022
  3. Pacemaker Imports in Thailand
  4. Pacemaker Exports in Thailand

Pacemaker Price in Thailand (CIF) - 2023

In September 2023, the average pacemaker import price amounted to $1,891 per unit, waning by -14.8% against the previous month. Overall, import price indicated a slight increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, pacemaker import price decreased by -14.8% against August 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 48% m-o-m. The import price peaked at $2,926 per unit in February 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Ireland ($2,443 per unit), while the price for Singapore ($353 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Pacemaker Price in Thailand (FOB) - 2022

In 2022, the average pacemaker export price amounted to $2,643 per unit, with a decrease of -37.1% against the previous year. In general, the export price, however, recorded noticeable growth. The pace of growth was the most pronounced in 2021 an increase of 132%. The export price peaked at $4,651 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,860 per unit), while the average price for exports to the United States ($1,829 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports in Thailand

Pacemaker imports into Thailand rose remarkably to 8.8K units in 2022, increasing by 9.5% against the previous year's figure. The total import volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pacemaker imports amounted to $14M in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Pacemaker in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland3.93.34.45.19.4%
Malaysia1.31.92.34.045.4%
Ireland2.22.73.33.415.6%
Germany0.50.50.50.817.0%
Singapore0.30.90.90.518.6%
United States2.01.61.40.3-46.9%
Others0.1N/A0.1N/A0.0%
Total10.311.112.814.211.3%

Top Suppliers of Pacemaker to Thailand in 2022:

  1. Switzerland (3.0K units)
  2. Malaysia (2.4K units)
  3. Ireland (1.6K units)
  4. Singapore (1.1K units)
  5. Germany (0.5K units)
  6. United States (0.1K units)

Pacemaker Exports in Thailand

Pacemaker exports from Thailand dropped sharply to 47 units in 2022, shrinking by -58% on the previous year. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 112 units, and then contracted significantly in the following year.

In value terms, pacemaker exports plummeted to $125K in 2022. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 226% against the previous year. As a result, the exports attained the peak of $469K, and then contracted dramatically in the following year.

Export of Pacemaker in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States26.235.230.858.530.7%
Belgium13639.530725.0-43.1%
Hong Kong SARN/AN/A81.621.8-73.3%
SingaporeN/A9.121.89.94.3%
IrelandN/AN/AN/A6.10%
IranN/AN/AN/A2.50%
Germany0.213.827.61.595.7%
MalaysiaN/A6.5N/AN/A0%
PhilippinesN/AN/A0.5N/A0%
Taiwan (Chinese)N/A39.8N/AN/A0%
Others0.2N/AN/AN/A0%
Total163144469125-8.5%

Top Export Markets for Pacemaker from Thailand in 2022:

  1. United States (32.0 units)
  2. Belgium (7.0 units)
  3. Singapore (2.0 units)
  4. Hong Kong SAR (2.0 units)
  5. Iran (1.0 units)
  6. Germany (1.0 units)
  7. Ireland (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pacemaker market in Thailand. 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:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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