Europe: Pacemaker Market 2024

Pacemaker Market Size in Europe

In 2022, the Europe pacemaker market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated temperate growth from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pacemaker Production in Europe

In value terms, pacemaker production amounted to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Pacemaker Exports

Exports in Europe

In 2022, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pacemaker exports expanded modestly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X units) and Switzerland (X units) were the major exporters of pacemakers for stimulating heart muscles (excl. parts and accessories) in Europe, together resulting at approx. X% of total exports. It was distantly followed by Ireland (X units) and Belgium (X units), together constituting a X% share of total exports. Germany (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the Netherlands ($X) and Ireland ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Belgium and Germany lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, reducing by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price 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, pacemaker export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Pacemaker Imports

Imports in Europe

After two years of decline, purchases abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units in 2022. Overall, imports, however, recorded a mild contraction. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pacemaker imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The UK represented the largest importing country with an import of around X units, which finished at X% of total imports. The Netherlands (X units) ranks second in terms of the total imports with a X% share, followed by Italy (X%), Ireland (X%), Russia (X%) and Switzerland (X%). Belgium (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pacemaker imports into the UK stood at X%. At the same time, Ireland (X%), Russia (X%), Switzerland (X%), Belgium (X%) and Italy (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the UK, Italy, Ireland, Russia, Switzerland and Belgium increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported pacemakers for stimulating heart muscles (excl. parts and accessories) in Europe, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then fell rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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