Germany: Pacemaker Market 2025

Pacemaker Market Size in Germany

In 2021, the German pacemaker market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a mild downturn. 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 Germany

In value terms, pacemaker production soared to $X in 2021 estimated in export price. Over the period under review, production showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of 201%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Pacemaker Exports

Exports from Germany

In 2021, pacemaker exports from Germany was estimated at X units, with an increase of 3.1% against 2020. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pacemaker exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 23%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), the United States (X units) and China (X units) were the main destinations of pacemaker exports from Germany, with a combined 25% share of total exports. These countries were followed by Russia, Brazil, France, Poland, Australia, Japan, Spain, India, the UK and Singapore, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +47.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pacemaker exported from Germany were the United States ($X), Italy ($X) and France ($X), together comprising 34% of total exports. Australia, China, Japan, Spain, Singapore, Poland, the UK, Russia, Brazil and India lagged somewhat behind, together accounting for a further 34%.

Singapore, with a CAGR of +51.3%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average pacemaker export price amounted to $X per unit, increasing by 2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Brazil ($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 Singapore (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pacemaker Imports

Imports into Germany

After two years of growth, purchases abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -7.1% to X units in 2021. In general, imports recorded a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 35%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, pacemaker imports reduced modestly to $X in 2021. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2014 when imports increased by 29% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X units), Switzerland (X units) and Belgium (X units) were the main suppliers of pacemaker imports to Germany, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +100.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of pacemakers for stimulating heart muscles (excl. parts and accessories) to Germany, comprising 53% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+80.1% per year) and Belgium (+101.8% per year).

Import Prices by Country

In 2021, the average pacemaker import price amounted to $X per unit, with an increase of 2.7% against the previous year. In general, the import price, however, saw a mild descent. The growth pace was the most rapid in 2015 when the average import price increased by 26%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Switzerland ($X per unit), while the price for Singapore ($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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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