China: Pacemaker Market 2024

Pacemaker Market Size in China

The Chinese pacemaker market skyrocketed to $X in 2021, growing by 53% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +120.1% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pacemaker Exports

Exports from China

For the third year in a row, China recorded decline in shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories), which decreased by -22.6% to X units in 2021. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 34,850% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pacemaker exports contracted significantly to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 26,398% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X units), the Netherlands (X units) and Singapore (X units) were the main destinations of pacemaker exports from China, together accounting for 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +55.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Ireland ($X) and Switzerland ($X) constituted the largest markets for pacemaker exported from China worldwide, together comprising 79% of total exports. Singapore, Hong Kong SAR, Belgium and Italy lagged somewhat behind, together comprising a further 20%.

Singapore, with a CAGR of +86.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, with a decrease of -59.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 676%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Ireland ($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 Oman (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into China

Pacemaker imports into China soared to X units in 2021, jumping by 40% compared with the previous year's figure. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some 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.

In value terms, pacemaker imports skyrocketed to $X in 2021. In general, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units), Singapore (X units) and Germany (X units) were the main suppliers of pacemaker imports to China, together accounting for 61% of total imports. These countries were followed by the United States, Switzerland, Ireland and France, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +3,788.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to China were Malaysia ($X), Switzerland ($X) and the United States ($X), with a combined 57% share of total imports. These countries were followed by Singapore, Germany, Ireland and France, which together accounted for a further 43%.

In terms of the main suppliers, France, with a CAGR of +3,989.7%, recorded the highest rates of growth with regard to 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 average pacemaker import price amounted to $X per unit, growing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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 Ireland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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