Ireland: Pacemaker Market Overview 2020

Pacemaker Market Size in Ireland

The revenue of the pacemaker market in Ireland amounted to $X in 2018, picking up by X% against the previous year. In general, the total market indicated a remarkable expansion from 2007 to 2018: its value 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 consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. In that year, the pacemaker market reached its peak level and is likely to continue its growth in the immediate term.

Pacemaker Production in Ireland

In value terms, pacemaker production totaled $X in 2018 estimated in export prices. In general, pacemaker production continues to indicate a moderate downturn. The most prominent rate of growth was recorded in 2014 when production volume increased by X% year-to-year. Over the period under review, pacemaker production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Pacemaker Exports

Exports from Ireland

Pacemaker exports from Ireland stood at X units in 2018, coming down by -X% against the previous year. In general, pacemaker exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pacemaker exports stood at $X in 2018. Overall, pacemaker exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, pacemaker exports attained their peak of $X. From 2015 to 2018, the growth of pacemaker exports remained at a somewhat lower figure.

Exports by Country

The U.S. (X units) was the main destination for pacemaker exports from Ireland, accounting for a X% share of total exports. Moreover, pacemaker exports to the U.S. exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was occupied by France (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for pacemaker exports from Ireland, comprising X% of total pacemaker exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Japan (+X% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2018, rising by X% against the previous year. Overall, the pacemaker export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the average export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Japan ($X per unit), while the average price for exports to France ($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 Japan, while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Ireland

In 2018, the pacemaker imports into Ireland stood at X units, declining by -X% against the previous year. Over the period under review, pacemaker imports continue to indicate a significant shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Imports peaked at X units in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

In value terms, pacemaker imports amounted to $X in 2018. In general, pacemaker imports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. In that year, pacemaker imports reached their peak of $X. From 2015 to 2018, the growth of pacemaker imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units) constituted the largest pacemaker supplier to Ireland, with a X% share of total imports. Moreover, pacemaker imports from the U.S. exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. The third position in this ranking was occupied by the UK (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and the UK (+X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of pacemaker to Ireland, comprising X% of total pacemaker imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Switzerland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2018, the average pacemaker import price amounted to $X per unit, increasing by X% against the previous year. Overall, the pacemaker import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2009 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for pacemakers for stimulating heart muscles (excl. parts and accessories) attained their peak figure in 2018 and is likely to see steady growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Switzerland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform