Pakistan: Pacemaker Market 2025

Pacemaker Market Size in Pakistan

In 2021, the Pakistani pacemaker market decreased by -11.7% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Pacemaker Exports

Exports from Pakistan

In 2021, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported from Pakistan; flattening at 2020 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 400% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, pacemaker exports soared to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for pacemaker exports from Pakistan, with a 83% share of total exports. Moreover, pacemaker exports to the Netherlands exceeded the volume sent to the second major destination, the Dominican Republic (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +26.3%.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +8.7%.

Export Prices by Country

In 2021, the average pacemaker export price amounted to $X per unit, remaining constant against the previous year. Overall, the export price recorded a mild reduction. The growth pace was the most rapid in 2018 an increase of 103%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-14.2%).

Pacemaker Imports

Imports into Pakistan

In 2021, purchases abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -8.1% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 177% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, pacemaker imports fell modestly to $X in 2021. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 105%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X units), the Netherlands (X units) and Singapore (X units) were the main suppliers of pacemaker imports to Pakistan, together accounting for 38% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +75.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to Pakistan were the Netherlands ($X), Singapore ($X) and Malaysia ($X), with a combined 50% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +127.4%, 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

The average pacemaker import price stood at $X per unit in 2021, growing by 5.3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 48% against the previous year. The import price peaked 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 Switzerland ($X per unit), while the price for Belgium ($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 (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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