Canada: Pacemaker Market 2025

Pacemaker Market Size in Canada

In 2021, the Canadian pacemaker market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption recorded a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Pacemaker Production in Canada

In value terms, pacemaker production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 11%. Pacemaker production peaked at $X in 2020, and then reduced in the following year.

Pacemaker Exports

Exports from Canada

In 2021, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported from Canada; rising by 595% compared with 2020. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 684% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pacemaker exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 618% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for pacemaker exports from Canada, with a 63% share of total exports. Moreover, pacemaker exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. Germany (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-17.2% per year) and Germany (+52.6% per year).

In value terms, the United States ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Canada, comprising 63% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-22.0% per year) and Germany (+51.1% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, falling by -2.4% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 2.9% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Belgium ($X per unit) and South Korea ($X per unit), while the average price for exports to the United States ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.0%), while the prices for the other major destinations experienced a decline.

Pacemaker Imports

Imports into Canada

In 2021, after five years of decline, there was significant growth in supplies from abroad of pacemakers for stimulating heart muscles (excl. parts and accessories), when their volume increased by 6.8% to X units. Overall, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 26% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, pacemaker imports surged to $X in 2021. In general, imports, however, saw a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X units) constituted the largest supplier of pacemaker to Canada, accounting for a 44% share of total imports. Moreover, pacemaker imports from Switzerland exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. Ireland (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland totaled -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+78.0% per year) and Ireland (+5.8% per year).

In value terms, Switzerland ($X) constituted the largest supplier of pacemakers for stimulating heart muscles (excl. parts and accessories) to Canada, comprising 48% of total imports. The second position in the ranking was taken by Ireland ($X), with a 19% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland totaled -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-2.1% per year) and Malaysia (+70.0% per year).

Import Prices by Country

The average pacemaker import price stood at $X per unit in 2021, increasing by 41% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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