Portugal: Pacemaker Market 2025

Pacemaker Market Size in Portugal

In 2021, after two years of decline, there was growth in the Portuguese pacemaker market, when its value increased by 4.6% to $X. In general, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Pacemaker Production in Portugal

In value terms, pacemaker production stood at $X in 2021 estimated in export price. In general, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.4% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 80%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Pacemaker Exports

Exports from Portugal

Pacemaker exports from Portugal reduced rapidly to X units in 2021, waning by -39.5% against 2020 figures. Over the period under review, exports, however, posted a pronounced increase. The growth pace was the most rapid in 2019 with an increase of 134%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, pacemaker exports fell notably to $X in 2021. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by 102% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Belgium (X units) was the main destination for pacemaker exports from Portugal, accounting for a 63% share of total exports. Moreover, pacemaker exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Cabo Verde (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +93.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-12.0% per year) and Cabo Verde (+77.6% per year).

In value terms, Belgium ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Portugal, comprising 70% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 27% share of total exports. It was followed by Cabo Verde, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +140.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.8% per year) and Cabo Verde (+66.9% per year).

Export Prices by Country

In 2021, the average pacemaker export price amounted to $X per unit, surging by 35% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pacemaker export price increased by +105.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 104% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Cabo Verde ($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 Mozambique (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Portugal

In 2021, supplies from abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by 19% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pacemaker imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Belgium (X units) and Germany (X units) were the main suppliers of pacemaker imports to Portugal, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +86.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker suppliers to Portugal were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 90% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +96.0%, saw 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

In 2021, the average pacemaker import price amounted to $X per unit, with a decrease of -2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 28% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Belgium ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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