Nigeria: Pacemaker Market 2025

Pacemaker Market Size in Nigeria

In 2021, the Nigerien pacemaker market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Pacemaker Production in Nigeria

In value terms, pacemaker production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded noticeable growth. The growth pace was the most rapid in 2015 with an increase of 140%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Pacemaker Exports

Exports from Nigeria

Pacemaker exports from Nigeria contracted notably to X units in 2021, dropping by -94.4% on 2020 figures. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 300% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, pacemaker exports contracted markedly to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 331% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

Cote d'Ivoire (X units) was the main destination for pacemaker exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +10.4%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Nigeria, comprising 96% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +48.3%.

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, shrinking by -23.9% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2013 an increase of 52%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+13.4%).

Pacemaker Imports

Imports into Nigeria

For the third year in a row, Nigeria recorded decline in overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories), which decreased by -60.8% to X units in 2021. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 98%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, pacemaker imports fell rapidly to $X in 2021. Over the period under review, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 96%. Imports peaked at $X in 2020, and then fell significantly in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest pacemaker supplier to Nigeria, with a 40% share of total imports. Moreover, pacemaker imports from Germany exceeded the figures recorded by the second-largest supplier, Israel (X units), eightfold. The third position in this ranking was held by South Africa (X units), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-9.6% per year) and South Africa (+2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of pacemakers for stimulating heart muscles (excl. parts and accessories) to Nigeria, comprising 40% of total imports. The second position in the ranking was taken by Israel ($X), with an 8.1% share of total imports. It was followed by South Africa, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +152.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+133.2% per year) and South Africa (+163.5% per year).

Import Prices by Country

In 2021, the average pacemaker import price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 49%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then contracted modestly in the following year.

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 Turkey ($X per unit), while the price for India ($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 (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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