Malaysia: Pacemaker Market 2025

Pacemaker Market Size in Malaysia

In 2021, after three years of decline, there was significant growth in the Malaysian pacemaker market, when its value increased by 61% to $X. Over the period under review, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pacemaker Production in Malaysia

In value terms, pacemaker production amounted to $X in 2021 estimated in export price. In general, production recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 41% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pacemaker Exports

Exports from Malaysia

In 2021, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -12% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pacemaker exports shrank dramatically to $X in 2021. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 78%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for pacemaker exports from Malaysia, with a 13% share of total exports. Moreover, pacemaker exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), twofold. China (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.4% per year) and China (+3.5% per year).

In value terms, Belgium ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Malaysia, comprising 27% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total exports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.1% per year) and China (+18.9% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, shrinking by -30.3% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 59%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Poland ($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 India (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Malaysia

Pacemaker imports into Malaysia soared to X units in 2021, rising by 57% against 2020. In general, imports recorded buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 231% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, pacemaker imports skyrocketed to $X in 2021. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 168% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), Germany (X units) and Singapore (X units) were the main suppliers of pacemaker imports to Malaysia, together accounting for 46% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +56.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and Singapore ($X) were the largest pacemaker suppliers to Malaysia, with a combined 43% share of total imports.

Belgium, with a CAGR of +81.1%, saw the highest growth rate of 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 8.5% against the previous year. Overall, the import price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 130%. The import price peaked at $X per unit in 2016; however, from 2017 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 Germany ($X per unit), while the price for the Netherlands ($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 (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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