EU: Pacemaker Market 2024

Pacemaker Market Size in the EU

The EU pacemaker market reduced slightly to $X in 2023, declining by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Pacemaker Production in the EU

In value terms, pacemaker production fell slightly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Pacemaker Exports

Exports in the EU

For the third year in a row, the European Union recorded growth in shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories), which increased by X% to X units in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, pacemaker exports rose modestly to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the Netherlands (X units) represented the key exporter of pacemakers for stimulating heart muscles (excl. parts and accessories), constituting X% of total exports. It was distantly followed by Germany (X units), Belgium (X units) and Ireland (X units), together comprising a X% share of total exports. Italy (X units) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to pacemaker exports from the Netherlands stood at X%. At the same time, Belgium (X%) and Germany (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Ireland (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands, Belgium and Germany increased by X, X and X percentage points, respectively.

In value terms, the Netherlands ($X), Ireland ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, remaining relatively unchanged against the previous year. In general, the export price saw a pronounced setback. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced a decline in the export price figures.

Pacemaker Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of pacemakers for stimulating heart muscles (excl. parts and accessories), which increased by X% to X units in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in years to come.

In value terms, pacemaker imports expanded modestly to $X in 2023. Over the period under review, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands represented the largest importing country with an import of around X units, which amounted to X% of total imports. Belgium (X units) held the second position in the ranking, distantly followed by Ireland (X units), Germany (X units), Italy (X units) and France (X units). All these countries together took near X% share of total imports. Spain (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, 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 ($X) constitutes the largest market for imported pacemakers for stimulating heart muscles (excl. parts and accessories) in the European Union, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform