Italy: Pacemaker Market 2024

Pacemaker Market Size in Italy

In 2021, after two years of growth, there was significant decline in the Italian pacemaker market, when its value decreased by -17.5% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pacemaker Production in Italy

In value terms, pacemaker production fell to $X in 2021 estimated in export price. In general, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Pacemaker Exports

Exports from Italy

In 2021, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, recorded a pronounced downturn. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pacemaker exports rose rapidly to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 8.5% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for pacemaker exports from Italy, accounting for a 47% share of total exports. Moreover, pacemaker exports to France exceeded the volume sent to the second major destination, Spain (X units), fivefold. The third position in this ranking was taken by China (X units), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.3% per year) and China (+51.9% per year).

In value terms, France ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Italy, comprising 62% of total exports. The second position in the ranking was held by Spain ($X), with a 6.8% share of total exports. It was followed by Switzerland, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-6.1% per year) and Switzerland (-1.8% per year).

Export Prices by Country

In 2021, the average pacemaker export price amounted to $X per unit, declining by -5.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 11%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the UK ($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 Germany (+0.1%), while the prices for the other major destinations experienced a decline.

Pacemaker Imports

Imports into Italy

Pacemaker imports into Italy rose notably to X units in 2021, with an increase of 10% against the previous year's figure. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 17% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, pacemaker imports rose notably to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 16%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and Belgium (X units) were the main suppliers of pacemaker imports to Italy, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +164.7%), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, Belgium, with a CAGR of +168.3%, recorded the highest growth rate of 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 3.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 10%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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