Eastern Europe: Pacemaker Market 2025

Pacemaker Market Size in Eastern Europe

In 2021, after three years of decline, there was significant growth in the East European pacemaker market, when its value increased by 12% to $X. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Pacemaker Production in Eastern Europe

In value terms, pacemaker production amounted to $X in 2021 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Pacemaker Exports

Exports in Eastern Europe

In 2021, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -47% to X units, falling for the third year in a row after four years of growth. Over the period under review, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2013 when exports increased by 141%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, pacemaker exports fell significantly to $X in 2021. In general, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2013 when exports increased by 207% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Lithuania (X units), Latvia (X units) and Russia (X units), together reaching 81% of total export. It was distantly followed by Poland (X units), creating a 7.6% share of total exports. The following exporters - Romania (X units), Hungary (X units) and Slovakia (X units) - together made up 10% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of +67.6%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) emerged as the largest pacemaker supplier in Eastern Europe, comprising 49% of total exports. The second position in the ranking was taken by Latvia ($X), with a 20% share of total exports. It was followed by Poland, with a 12% share.

In Lithuania, pacemaker exports expanded at an average annual rate of +21.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Latvia (-8.3% per year) and Poland (+47.7% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, surging by 27% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the export price increased by 35%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+5.5%), while the other leaders experienced more modest paces of growth.

Pacemaker Imports

Imports in Eastern Europe

In 2021, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) imported in Eastern Europe stood at X units, leveling off at the previous year. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 16%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, pacemaker imports rose markedly to $X in 2021. In general, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units) and Russia (X units) were the main importers of pacemakers for stimulating heart muscles (excl. parts and accessories) in 2021, amounting to near 31% and 23% of total imports, respectively. The Czech Republic (X units) ranks next in terms of the total imports with a 14% share, followed by Romania (8.7%), Lithuania (5.2%) and Hungary (5.2%). Slovakia (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) were the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. Slovakia, Hungary, Romania and Lithuania lagged somewhat behind, together accounting for a further 22%.

Lithuania, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, surging by 5.1% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 5.9%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the 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 Slovakia ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :