Italy: Pacemaker Market 2024

Pacemaker Market Size in Italy

The Italian pacemaker market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Pacemaker Production in Italy

In value terms, pacemaker production soared to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. Pacemaker production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Pacemaker Exports

Exports from Italy

In 2022, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, faced a abrupt decline. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pacemaker exports contracted modestly to $X in 2022. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for pacemaker exports from Italy, accounting for a X% share of total exports. Moreover, pacemaker exports to France exceeded the volume sent to the second major destination, Spain (X units), fivefold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Japan (X% per year).

In value terms, France ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average pacemaker export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the UK ($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 Tunisia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Italy

In 2022, overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, pacemaker imports declined remarkably to $X in 2022. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Belgium (X units) and Germany (X units) were the main suppliers of pacemaker imports to Italy, together comprising X% of total imports.

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

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

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average pacemaker import price amounted to $X per unit, falling by X% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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