Japan: Pacemaker Market 2024

Pacemaker Market Size in Japan

In 2021, the Japanese pacemaker market decreased by -1.1% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Pacemaker Exports

Exports from Japan

In 2021, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported from Japan contracted markedly to X units, falling by -43.8% against the previous year. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 258%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pacemaker exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 294% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units) was the main destination for pacemaker exports from Japan, with a 56% share of total exports. Moreover, pacemaker exports to Egypt exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. Cambodia (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 Egypt amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-12.9% per year) and Cambodia (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Japan, comprising 59% of total exports. The second position in the ranking was taken by Italy ($X), with a 21% share of total exports. It was followed by Egypt, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-12.4% per year) and Egypt (-3.2% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, which is down by -36.2% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 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 Netherlands ($X per unit), while the average price for exports to Cambodia ($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 Iran (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Japan

In 2021, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were imported into Japan; waning by -7.7% compared with the year before. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pacemaker imports stood at $X in 2021. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 10% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X units), Ireland (X units) and Belgium (X units) were the main suppliers of pacemaker imports to Japan, with a combined 50% 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 +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to Japan were Switzerland ($X), Ireland ($X) and Belgium ($X), together accounting for 47% of total imports.

Belgium, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, with an increase of 9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Singapore ($X per unit) and Italy ($X per unit), while the price for Belgium ($X per unit) and Ireland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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