Bulgaria: Pacemaker Market Overview 2021

Pacemaker Market Size in Bulgaria

In 2020, the Bulgarian pacemaker market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Pacemaker consumption peaked in 2020 and is likely to see gradual growth in the near future.

Pacemaker Exports

Exports from Bulgaria

In 2020, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported from Bulgaria contracted notably to X units, declining by -X% compared with the previous year's figure. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. Exports peaked at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, pacemaker exports fell sharply to $X in 2020. Over the period under review, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Romania (X units) was the main destination for pacemaker exports from Bulgaria, with a X% share of total exports. Moreover, pacemaker exports to Romania exceeded the volume sent to the second major destination, Belgium (X units), threefold. The third position in this ranking was occupied by the Netherlands (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Romania totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and the Netherlands (+X% per year).

In value terms, the largest markets for pacemaker exported from Bulgaria were Romania ($X), Belgium ($X) and the Netherlands ($X), together comprising X% of total exports.

In terms of the main countries of destination, the Netherlands saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average pacemaker export price amounted to $X per unit, falling by -X% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Bulgaria

In 2020, pacemaker imports into Bulgaria expanded significantly to X units, increasing by X% on 2019 figures. Overall, total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, pacemaker imports soared to $X in 2020. Over the period under review, total imports indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Germany (X units) constituted the largest supplier of pacemaker to Bulgaria, accounting for a X% share of total imports. Moreover, pacemaker imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The third position in this ranking was occupied by Sweden (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Sweden (+X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the largest pacemaker suppliers to Bulgaria, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average pacemaker import price amounted to $X per unit, increasing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per unit in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pacemakers for stimulating heart muscles (excl. parts and accessories) in the world?

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The countries with the highest volumes of pacemaker consumption in 2020 were China (4.9M units), the U.S. (3.6M units) and India (2M units), together accounting for 48% of global consumption. These countries were followed by Japan, Germany, Mexico, Canada, Democratic Republic of the Congo, Ethiopia, Tanzania, Egypt, Turkey and Poland, which together accounted for a further 26%.

What are the largest producers of pacemakers for stimulating heart muscles (excl. parts and accessories) in the world?

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The countries with the highest volumes of pacemaker production in 2020 were China (4.8M units), the U.S. (3.4M units) and India (2M units), together accounting for 48% of global production. These countries were followed by Germany, Japan, Mexico, Malaysia, Canada, Democratic Republic of the Congo, Ireland, Ethiopia, Tanzania and Egypt, which together accounted for a further 27%.

What are the leading suppliers of pacemakers for stimulating heart muscles (excl. parts and accessories) to Bulgaria?

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In value terms, the Netherlands ($1.4M), Germany ($1.4M) and Belgium ($697K) appeared to be the largest pacemaker suppliers to Bulgaria, together accounting for 88% of total imports.

What are the leading importers of pacemakers for stimulating heart muscles (excl. parts and accessories) from Bulgaria?

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In value terms, Romania ($4.9K), Belgium ($4.8K) and the Netherlands ($3.6K) appeared to be the largest markets for pacemaker exported from Bulgaria worldwide, together comprising 75% of total exports.

What is the average export price for pacemakers for stimulating heart muscles (excl. parts and accessories) in Bulgaria?

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The average pacemaker export price stood at $305 per unit in 2020, waning by -20.8% against the previous year.

What is the average import price for pacemakers for stimulating heart muscles (excl. parts and accessories) in Bulgaria?

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The average pacemaker import price stood at $653 per unit in 2020, increasing by 12% against the previous year.