Czech Republic: Pacemaker Market 2024

Pacemaker Market Size in the Czech Republic

The Czech pacemaker market totaled $X in 2021, increasing by 3.1% 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). Overall, consumption, however, saw a relatively flat trend pattern. Pacemaker consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Pacemaker Exports

Exports from the Czech Republic

In 2021, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by 12% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 940% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, pacemaker exports dropped dramatically to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 2,541%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units), India (X units) and Turkey (X units) were the main destinations of pacemaker exports from the Czech Republic, together comprising 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +16.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from the Czech Republic, comprising 55% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 18% share of total exports. It was followed by India, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-16.5% per year) and India (+1.3% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, declining by -29.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 163%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Cyprus ($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 Russia (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into the Czech Republic

In 2021, imports of pacemakers for stimulating heart muscles (excl. parts and accessories) into the Czech Republic amounted to X units, flattening at the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, pacemaker imports reached $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 22%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of pacemaker imports to the Czech Republic, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to the Czech Republic were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 97% of total imports.

Belgium, with a CAGR of +7.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average pacemaker import price amounted to $X per unit, with an increase of 6.6% against the previous year. In general, the import price, however, continues to indicate a deep setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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