Finland: Pacemaker Market Overview 2020

Pacemaker Market Size in Finland

The revenue of the pacemaker market in Finland amounted to $X in 2018, coming down by -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, the total market indicated modest growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pacemaker consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. In that year, the pacemaker market attained its peak level of $X. From 2011 to 2018, the growth of the pacemaker market failed to regain its momentum.

Pacemaker Exports

Exports from Finland

Pacemaker exports from Finland amounted to X units in 2018, growing by X% against the previous year. In general, pacemaker exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, pacemaker exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, pacemaker exports totaled $X in 2018. In general, pacemaker exports continue to indicate a precipitous deduction. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. In that year, pacemaker exports reached their peak of $X. From 2010 to 2018, the growth of pacemaker exports remained at a lower figure.

Exports by Country

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

From 2007 to 2018, the average annual growth rate of volume to Estonia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Belgium (+X% per year).

In value terms, Estonia ($X) remains the key foreign market for pacemaker exports from Finland, comprising X% of total pacemaker exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Estonia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2018, the average pacemaker export price amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the pacemaker export price continues to indicate a sharp reduction. The growth pace was the most rapid in 2010 when the average export price increased by X% year-to-year. In that year, the average export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the average export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Estonia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced a decline.

Pacemaker Imports

Imports into Finland

In 2018, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) imported into Finland stood at X units, jumping by X% against the previous year. Over the period under review, the total imports indicated a resilient expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pacemaker imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, pacemaker imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, pacemaker imports stood at $X in 2018. In general, pacemaker imports continue to indicate a perceptible drop. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

Germany (X units), Malaysia (X units) and Singapore (X units) were the main suppliers of pacemaker imports to Finland, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Germany, while the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to Finland were the U.S. ($X), Malaysia ($X) and Germany ($X), together accounting for X% of total imports. These countries were followed by Ireland, Switzerland, Singapore and Denmark, which together accounted for a further X terms of the main suppliers, Denmark experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pacemaker import price amounted to $X per unit, shrinking by -X% against the previous year. In general, the pacemaker import price continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The import price peaked at $X per unit in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform