Australia: Pacemaker Market 2024

Pacemaker Market Size in Australia

The Australian pacemaker market rose remarkably to $X in 2021, with an increase of 15% against the previous year. Overall, consumption saw a resilient increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Pacemaker Production in Australia

In value terms, pacemaker production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 471%. Pacemaker production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Pacemaker Exports

Exports from Australia

In 2021, pacemaker exports from Australia skyrocketed to X units, increasing by 169% against the previous year's figure. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pacemaker exports skyrocketed to $X in 2021. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units) was the main destination for pacemaker exports from Australia, with a 69% share of total exports. Moreover, pacemaker exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.0% per year) and Germany (+9.7% per year).

In value terms, New Zealand ($X), the United States ($X) and Germany ($X) were the largest markets for pacemaker exported from Australia worldwide, with a combined 82% share of total exports. These countries were followed by the Netherlands, which accounted for a further 11%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +30.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pacemaker export price amounted to $X per unit, picking up by 45% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Pacemaker Imports

Imports into Australia

In 2021, imports of pacemakers for stimulating heart muscles (excl. parts and accessories) into Australia fell to X units, declining by -4.6% against the year before. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, pacemaker imports fell to $X in 2021. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Switzerland (X units), Ireland (X units) and Germany (X units) were the main suppliers of pacemaker imports to Australia, together accounting for 77% of total imports. These countries were followed by Malaysia, the United States and Singapore, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +12.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to Australia were Switzerland ($X), Ireland ($X) and Germany ($X), with a combined 77% share of total imports. These countries were followed by Malaysia, the United States and Singapore, which together accounted for a further 21%.

Malaysia, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pacemaker import price amounted to $X per unit, with a decrease of -3.8% against the previous year. Overall, the import price showed a mild contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Singapore ($X per unit) and the United States ($X per unit), while the price for Ireland ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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