CIS: Pacemaker Market 2024

Pacemaker Market Size in CIS

The CIS pacemaker market soared to $X in 2021, increasing by 25% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pacemaker Production in CIS

In value terms, pacemaker production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pacemaker Exports

Exports in CIS

In 2021, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported in the CIS reduced to X units, falling by -6% on the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 156% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, pacemaker exports shrank to $X in 2021. In general, exports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2018 when exports increased by 244% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units) represented roughly 99% of total exports in 2021.

Russia experienced a relatively flat trend pattern with regard to volume of exports of pacemakers for stimulating heart muscles (excl. parts and accessories). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest pacemaker supplier in the CIS.

In Russia, pacemaker exports expanded at an average annual rate of +1.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, flattening at the previous year. In general, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2013 an increase of 76% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +1.2% per year.

Pacemaker Imports

Imports in CIS

In 2021, imports of pacemakers for stimulating heart muscles (excl. parts and accessories) in the CIS skyrocketed to X units, picking up by 20% compared with the previous year. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, pacemaker imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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.

Imports by Country

Russia was the main importer of pacemakers for stimulating heart muscles (excl. parts and accessories) in the CIS, with the volume of imports resulting at X units, which was approx. 68% of total imports in 2021. It was distantly followed by Kazakhstan (X units), comprising a 25% share of total imports. Belarus (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pacemaker imports into Russia stood at +6.6%. At the same time, Kazakhstan (+26.1%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +26.1% from 2012-2021. By contrast, Belarus (-6.8%) illustrated a downward trend over the same period. While the share of Kazakhstan (+19 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-7.9 p.p.) and Russia (-12 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X), Russia ($X) and Belarus ($X) were the countries with the highest levels of imports in 2021, with a combined 94% share of total imports.

Among the main importing countries, Kazakhstan, with a CAGR of +24.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with an increase of 52% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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