China: Pacemaker Market 2024

Pacemaker Market Size in China

The Chinese pacemaker market stood at $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a prominent increase. Pacemaker consumption peaked in 2022 and is expected to retain growth in years to come.

Pacemaker Exports

Exports from China

After three years of decline, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, pacemaker exports soared to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X units) was the main destination for pacemaker exports from China, accounting for a X% share of total exports. Moreover, pacemaker exports to Venezuela exceeded the volume sent to the second major destination, Ireland (X units), more than tenfold. The third position in this ranking was taken by Democratic People's Republic of Korea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Democratic People's Republic of Korea (X% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from China, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average pacemaker export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Democratic People's Republic of Korea ($X 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 Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Pacemaker Imports

Imports into China

In 2022, pacemaker imports into China declined slightly to X units, reducing by X% compared with the previous year's figure. In general, total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then dropped slightly in the following year.

In value terms, pacemaker imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia (X units), Switzerland (X units) and Germany (X units) were the main suppliers of pacemaker imports to China, with a combined X% share of total imports. Ireland, Singapore, the United States and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Malaysia ($X) and Ireland ($X) were the largest pacemaker suppliers to China, together accounting for X% of total imports. Germany, Singapore, the United States and France lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average pacemaker import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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