Latin America and the Caribbean: Pacemaker Market 2024

Pacemaker Market Size in Latin America and the Caribbean

The Latin American pacemaker market reduced to $X in 2022, which is down by X% against the previous year. The total consumption indicated a tangible expansion 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 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Pacemaker Production in Latin America and the Caribbean

In value terms, pacemaker production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Pacemaker Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported in Latin America and the Caribbean; picking up by X% against 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, pacemaker exports dropped rapidly to $X in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Mexico dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Uruguay (X units), constituting a X% share of total exports. The following exporters - Costa Rica (X units) and Panama (X units) - together made up X% of total exports.

Mexico was also the fastest-growing in terms of the pacemakers for stimulating heart muscles (excl. parts and accessories) exports, with a CAGR of X% from 2012 to 2022. At the same time, Costa Rica (X%), Panama (X%) and Uruguay (X%) displayed positive paces of growth. While the share of Mexico (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uruguay (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pacemaker supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (X% per year) and Panama (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while Costa Rica ($X per unit) was amongst the lowest.

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

Pacemaker Imports

Imports in Latin America and the Caribbean

In 2022, pacemaker imports in Latin America and the Caribbean soared to X units, picking up by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, pacemaker imports stood at $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the key importing country with an import of about X units, which finished at X% of total imports. Argentina (X units) ranks second in terms of the total imports with a X% share, followed by Colombia (X%) and Chile (X%). Peru (X units), Cuba (X units), Venezuela (X units) and Uruguay (X units) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%), Peru (X%), Colombia (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Cuba and Argentina experienced a relatively flat trend pattern. By contrast, Venezuela (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Colombia (X p.p.), Brazil (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) and Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pacemaker importing markets in Latin America and the Caribbean were Brazil ($X), Colombia ($X) and Argentina ($X), with a combined X% share of total imports. Chile, Venezuela, Cuba, Peru and Uruguay lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Venezuela ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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