Israel: Pacemaker Market 2024

Pacemaker Market Size in Israel

The Israeli pacemaker market expanded modestly to $X in 2021, surging by 3.5% 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). In general, consumption continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pacemaker Exports

Exports from Israel

In 2021, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported from Israel contracted remarkably to X units, with a decrease of -77.4% against the year before. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 235%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, pacemaker exports shrank dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 206% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for pacemaker exports from Israel, accounting for a 37% share of total exports. Moreover, pacemaker exports to Australia exceeded the volume sent to the second major destination, Palestine (X units), twofold. Ireland (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-19.1% per year) and Ireland (+10.4% per year).

In value terms, Australia ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Israel, comprising 23% of total exports. The second position in the ranking was taken by Palestine ($X), with an 8.8% share of total exports. It was followed by Nigeria, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+34.6% per year) and Nigeria (-3.1% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, shrinking by -8.2% against the previous year. Overall, the export price showed a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 22% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the average price for exports to Ireland ($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 France (+3.4%), while the prices for the other major destinations experienced a decline.

Pacemaker Imports

Imports into Israel

In 2021, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) imported into Israel reduced to X units, with a decrease of -3.7% on the previous year. In general, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, pacemaker imports expanded modestly to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of pacemaker to Israel, with a 35% share of total imports. Moreover, pacemaker imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. The third position in this ranking was taken by Ireland (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.5% per year) and Ireland (-13.1% per year).

In value terms, the largest pacemaker suppliers to Israel were Germany ($X), Belgium ($X) and Ireland ($X), together comprising 39% of total imports. Switzerland, Italy, Singapore, the United States and Sweden lagged somewhat behind, together comprising a further 12%.

Italy, with a CAGR of +8.7%, saw the highest rates of growth with regard to 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, rising by 9% against the previous year. Overall, the import price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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