Middle East: Pacemaker Market 2024

Pacemaker Market Size in the Middle East

The Middle Eastern pacemaker market reduced to $X in 2023, falling by X% against the previous year. In general, consumption, however, continues to indicate strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Pacemaker Production in the Middle East

In value terms, pacemaker production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Pacemaker Exports

Exports in the Middle East

In 2023, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by X% to X units, falling for the sixth consecutive year after two years of growth. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, pacemaker exports contracted significantly to $X in 2023. Over the period under review, exports, however, recorded moderate growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the United Arab Emirates (X units) represented the main exporter of pacemakers for stimulating heart muscles (excl. parts and accessories), comprising X% of total exports. It was distantly followed by Turkey (X units), Iran (X units), Israel (X units) and Kuwait (X units), together committing a X% share of total exports. Jordan (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pacemaker exports from the United Arab Emirates stood at X%. At the same time, Jordan (X%), Kuwait (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. Iran experienced a relatively flat trend pattern. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Turkey, Kuwait and Jordan increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X), Iran ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Kuwait, Israel and Jordan lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the export price in the Middle East amounted to $X per unit, standing approx. at the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood 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 Iran ($X per unit), while Jordan ($X per unit) was amongst the lowest.

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

Pacemaker Imports

Imports in the Middle East

In 2023, purchases abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units, rising for the third consecutive year after three years of decline. Total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, pacemaker imports surged to $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Turkey (X units) was the key importer of pacemakers for stimulating heart muscles (excl. parts and accessories), creating X% of total imports. Iran (X units) ranks second in terms of the total imports with an X% share, followed by Israel (X%). The following importers - Iraq (X units), Kuwait (X units), the United Arab Emirates (X units) and Lebanon (X units) - together made up X% of total imports.

Turkey 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 2023. At the same time, the United Arab Emirates (X%) and Kuwait (X%) displayed positive paces of growth. Iran and Israel experienced a relatively flat trend pattern. By contrast, Lebanon (X%) and Iraq (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Lebanon (X p.p.), Israel (X p.p.), Iraq (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported pacemakers for stimulating heart muscles (excl. parts and accessories) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

In Turkey, pacemaker imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Iran (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lebanon ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform