Egypt: Pacemaker Market 2024

Pacemaker Market Size in Egypt

In 2021, the Egyptian pacemaker market was finally on the rise to reach $X after three years of decline. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 -23.4% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Pacemaker Production in Egypt

In value terms, pacemaker production amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 41% against the previous year. Pacemaker production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Pacemaker Exports

Exports from Egypt

In 2021, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -44.9% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 28,300% against the previous year. The exports peaked at X units in 2020, and then dropped sharply in the following year.

In value terms, pacemaker exports fell notably to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2019 when exports increased by 354%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for pacemaker exports from Egypt, accounting for a 99% share of total exports. It was followed by Nigeria (X units), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +174.7%.

In value terms, the Netherlands ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Egypt, comprising 98% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +179.6%.

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, picking up by 38% against the previous year. In general, the export price, however, faced a sharp setback. The pace of growth appeared the most rapid in 2015 an increase of 923%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Nigeria ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+16.0%).

Pacemaker Imports

Imports into Egypt

In 2021, after three years of growth, there was significant decline in overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories), when their volume decreased by -46.2% to X units. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 401% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then reduced remarkably in the following year.

In value terms, pacemaker imports declined rapidly to $X in 2021. Overall, imports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 443%. Over the period under review, imports reached the maximum at $X in 2020, and then fell dramatically in the following year.

Imports by Country

Germany (X units), Japan (X units) and the United States (X units) were the main suppliers of pacemaker imports to Egypt, together accounting for 56% of total imports. Ireland, Belgium, Mexico, Argentina, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Germany ($X) and Belgium ($X) were the largest pacemaker suppliers to Egypt, together comprising 48% of total imports. These countries were followed by the United States, Japan, Mexico, the Netherlands, Switzerland and Argentina, which together accounted for a further 37%.

In terms of the main suppliers, Mexico, with a CAGR of +58.4%, 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, picking up by 23% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pacemaker import price decreased by -42.0% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 57%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average 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 the Netherlands ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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