Norway: Pacemaker Market 2024

Pacemaker Market Size in Norway

In 2021, the Norwegian pacemaker market decreased by -13.5% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a abrupt descent. Pacemaker consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Pacemaker Exports

Exports from Norway

In 2021, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported from Norway; with an increase of 409% compared with 2020 figures. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 788%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pacemaker exports skyrocketed to $X in 2021. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 574% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for pacemaker exports from Norway, accounting for a 97% share of total exports. Moreover, pacemaker exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +51.9%.

In value terms, the Netherlands ($X) emerged as the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Norway, comprising 93% of total exports. The second position in the ranking was taken by Belgium ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +61.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+31.9% per year) and Germany (-33.2% per year).

Export Prices by Country

In 2021, the average pacemaker export price amounted to $X per unit, waning by -31% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 157% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the average price for exports to the Netherlands ($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 Belgium (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Norway

In 2021, supplies from abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -17.9% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 40%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pacemaker imports declined to $X in 2021. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 20%. Over the period under review, imports attained the maximum 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 pacemaker supplier to Norway, accounting for a 56% share of total imports. Moreover, pacemaker imports from Germany exceeded the figures recorded by the second-largest supplier, Ireland (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+12.9% per year) and Malaysia (+22.7% per year).

In value terms, Germany ($X) constituted the largest supplier of pacemakers for stimulating heart muscles (excl. parts and accessories) to Norway, comprising 47% of total imports. The second position in the ranking was held by Switzerland ($X), with a 19% share of total imports. It was followed by Ireland, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-1.6% per year) and Ireland (+7.9% per year).

Import Prices by Country

In 2021, the average pacemaker import price amounted to $X per unit, jumping by 20% against the previous year. Overall, the import price, however, continues to indicate a slight setback. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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