Asia: Pacemaker Market 2025

Pacemaker Market Size in Asia

The Asian pacemaker market rose rapidly to $X in 2021, picking up by 10% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.3% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pacemaker Production in Asia

In value terms, pacemaker production expanded markedly to $X in 2021 estimated in export price. Overall, production showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pacemaker Exports

Exports in Asia

In 2021, exports of pacemakers for stimulating heart muscles (excl. parts and accessories) in Asia was estimated at X units, approximately equating 2020. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, pacemaker exports shrank rapidly to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 73%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia represented the key exporting country with an export of about X units, which resulted at 78% of total exports. It was distantly followed by Singapore (X units), comprising a 21% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pacemaker exports from Malaysia stood at +12.5%. At the same time, Singapore (+16.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.3% from 2012-2021. Singapore (+6.5 p.p.) and Malaysia (+6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest pacemaker supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by Singapore ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Malaysia stood at +6.9%.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, which is down by -20.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of 38%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Singapore ($X per unit), while Malaysia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-4.5%).

Pacemaker Imports

Imports in Asia

In 2021, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were imported in Asia; rising by 21% against 2020. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, pacemaker imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) and Japan (X units) represented the largest importers of pacemakers for stimulating heart muscles (excl. parts and accessories) in Asia, together resulting at near 55% of total imports. India (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (5.1%) and Singapore (4.9%). South Korea (X units), Iran (X units), Kazakhstan (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kazakhstan (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker importing markets in Asia were China ($X), Japan ($X) and India ($X), together comprising 67% of total imports. Singapore, South Korea, Kazakhstan, Iran, Turkey and Thailand lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Kazakhstan, with a CAGR of +24.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, increasing by 5.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2020 an increase of 15%. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

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 Kazakhstan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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