Africa: Pacemaker Market 2024

Pacemaker Market Size in Africa

The African pacemaker market surged to $X in 2021, with an increase of 15% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.7% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Pacemaker Production in Africa

In value terms, pacemaker production rose significantly to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 69%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Pacemaker Exports

Exports in Africa

In 2021, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported in Africa; picking up by 4.3% against 2020. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 429% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pacemaker exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 253%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Egypt (X units) prevails in exports structure, together comprising 90% of total exports. Swaziland (X units) and Mauritius (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +115.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker supplying countries in Africa were South Africa ($X), Egypt ($X) and Swaziland ($X), together accounting for 92% of total exports.

Egypt, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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 Africa stood at $X per unit in 2021, surging by 34% against the previous year. Overall, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2017 an increase of 66%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (-2.4%), while the other leaders experienced a decline in the export price figures.

Pacemaker Imports

Imports in Africa

Pacemaker imports soared to X units in 2021, rising by 24% against 2020. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +119.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 56%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, pacemaker imports skyrocketed to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 36% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X units) was the key importer of pacemakers for stimulating heart muscles (excl. parts and accessories), creating 31% of total imports. Tunisia (X units) ranks second in terms of the total imports with a 15% share, followed by Egypt (9.7%), Algeria (9.3%), Sudan (5.9%), South Sudan (5.8%), Morocco (5.5%) and Libya (5.2%).

From 2012 to 2021, average annual rates of growth with regard to pacemaker imports into South Africa stood at +3.3%. At the same time, Libya (+52.2%), Sudan (+18.6%), Morocco (+7.5%) and Tunisia (+2.1%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing importer imported in Africa, with a CAGR of +52.2% from 2012-2021. South Sudan experienced a relatively flat trend pattern. By contrast, Algeria (-1.9%) and Egypt (-5.7%) illustrated a downward trend over the same period. While the share of South Sudan (+5.8 p.p.), Libya (+5 p.p.) and Sudan (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-2 p.p.), Tunisia (-2.7 p.p.), Algeria (-6.5 p.p.) and Egypt (-13.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported pacemakers for stimulating heart muscles (excl. parts and accessories) in Africa, comprising 41% of total imports. The second position in the ranking was taken by Egypt ($X), with a 13% share of total imports. It was followed by Tunisia, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (-3.5% per year) and Tunisia (+6.0% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the import price saw a slight slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 31%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Libya ($X per unit), while South Sudan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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