Scandinavia: Pacemaker Market 2024

Pacemaker Market Size in Scandinavia

The Scandinavia pacemaker market dropped to $X in 2022, waning by X% against the previous year. In general, consumption showed a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pacemaker Production in Scandinavia

In value terms, pacemaker production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Pacemaker Exports

Exports in Scandinavia

In 2022, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported in Scandinavia; with a decrease of X% on the previous year. Over the period under review, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pacemaker exports amounted to $X in 2022. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Norway (X units) represented the key exporter of pacemakers for stimulating heart muscles (excl. parts and accessories), constituting X% of total exports. Sweden (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Finland (X%).

Exports from Norway increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) and Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Finland, 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 Scandinavia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price showed a tangible expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Pacemaker Imports

Imports in Scandinavia

After two years of decline, overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units in 2022. In general, imports, however, saw a dramatic setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pacemaker imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Norway (X units) represented the major importer of pacemakers for stimulating heart muscles (excl. parts and accessories), committing X% of total imports. It was distantly followed by Sweden (X units) and Finland (X units), together achieving a X% share of total imports.

Norway was also the fastest-growing in terms of the pacemakers for stimulating heart muscles (excl. parts and accessories) imports, with a CAGR of X% from 2012 to 2022. Finland (X%) and Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway and Finland increased by X and X percentage points, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, Finland, 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 a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, declining by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price 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, pacemaker import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped sharply in the following year.

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 Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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