Spain: Pacemaker Market 2024

Pacemaker Market Size in Spain

The Spanish pacemaker market expanded modestly to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a noticeable setback. Pacemaker consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pacemaker Production in Spain

In value terms, pacemaker production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Pacemaker production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Pacemaker Exports

Exports from Spain

In 2022, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by X% to X units, falling for the second year in a row after seven years of growth. Overall, exports, however, saw a notable expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pacemaker exports declined to $X in 2022. In general, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Switzerland (X units) and Portugal (X units) were the main destinations of pacemaker exports from Spain, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average pacemaker export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland ($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 Germany (X.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Spain

Pacemaker imports into Spain reduced markedly to X units in 2022, waning by X% on 2021. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, pacemaker imports dropped to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Belgium (X units) and Germany (X units) were the main suppliers of pacemaker imports to Spain, with a combined X% share 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 a decline.

In value terms, the largest pacemaker suppliers to Spain were the Netherlands ($X), Belgium ($X) and Germany ($X), together comprising X% of total imports.

Among the main suppliers, Belgium, 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 trend patterns.

Import Prices by Country

In 2022, the average pacemaker import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Singapore ($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 more modest paces of growth.

Source: IndexBox Platform

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