Switzerland: Pacemaker Market 2024

Pacemaker Market Size in Switzerland

The Swiss pacemaker market skyrocketed to $X in 2021, with an increase of 15% against the previous year. Overall, consumption recorded a tangible increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Pacemaker Production in Switzerland

In value terms, pacemaker production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 39%. Pacemaker production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Pacemaker Exports

Exports from Switzerland

In 2021, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by 25% to X units, rising for the third year in a row after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 45%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pacemaker exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 42%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and the United States (X units) were the main destinations of pacemaker exports from Switzerland, with a combined 68% share of total exports. Ireland, Japan, China and Canada lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +129.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for pacemaker exported from Switzerland worldwide, with a combined 67% share of total exports. Ireland, Japan, China and Canada lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Ireland, with a CAGR of +156.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2021, surging by 2.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada ($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 Ireland (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Switzerland

In 2021, supplies from abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by 22% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 144% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, pacemaker imports soared to $X in 2021. In general, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest pacemaker supplier to Switzerland, accounting for a 85% share of total imports. Moreover, pacemaker imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.3% per year) and Germany (+6.5% per year).

In value terms, the largest pacemaker suppliers to Switzerland were the United States ($X), the Netherlands ($X) and Germany ($X), together comprising 73% of total imports. These countries were followed by Malaysia and Italy, which together accounted for a further 11%.

In terms of the main suppliers, Malaysia, with a CAGR of +59.0%, saw the highest rates of growth with regard to 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, jumping by 55% against the previous year. In general, the import price, however, saw a deep contraction. The growth pace was the most rapid in 2014 an increase of 176%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 the Netherlands ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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