GCC: Pacemaker Market 2024

Pacemaker Market Size in GCC

The GCC pacemaker market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Pacemaker Production in GCC

In value terms, pacemaker production stood at $X in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Pacemaker Exports

Exports in GCC

In 2022, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pacemaker exports declined significantly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) and Bahrain (X units) were the main exporters of pacemakers for stimulating heart muscles (excl. parts and accessories) in GCC, together making up X% of total exports. Saudi Arabia (X units) took the next position in the ranking, followed by Kuwait (X units). All these countries together took approx. X% share of total exports. Oman (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 key exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Kuwait ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Kuwait, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

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 Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the export price figures.

Pacemaker Imports

Imports in GCC

Pacemaker imports soared to X units in 2022, picking up by X% compared with the year before. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pacemaker imports declined notably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kuwait was the key importer of pacemakers for stimulating heart muscles (excl. parts and accessories) in GCC, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Oman (X units). All these countries together held near X% share of total imports. Qatar (X units) and Bahrain (X units) took a minor share of total imports.

Imports into Kuwait increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Qatar (X%), Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait and Bahrain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported pacemakers for stimulating heart muscles (excl. parts and accessories) in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Qatar, with an X% share.

In Kuwait, pacemaker imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, which is down by X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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 Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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