Australia: Pacemaker Market 2024

Pacemaker Market Size in Australia

In 2023, the Australian pacemaker market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Pacemaker Production in Australia

In value terms, pacemaker production shrank slightly to $X in 2023 estimated in export price. In general, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Pacemaker production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Pacemaker Exports

Exports from Australia

After two years of growth, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by X% to X units in 2023. Over the period under review, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2022, and then contracted rapidly in the following year.

In value terms, pacemaker exports reduced to $X in 2023. Overall, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then contracted in the following year.

Exports by Country

New Zealand (X units) was the main destination for pacemaker exports from Australia, with a X% share of total exports. Moreover, pacemaker exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, New Zealand ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for pacemaker exported from Australia worldwide, with a combined X% share of total exports. Belgium and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 2023, growing by X% against the previous year. Overall, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pacemaker Imports

Imports into Australia

In 2023, overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units for the first time since 2019, thus ending a three-year declining trend. Overall, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, pacemaker imports soared to $X in 2023. In general, imports, however, saw a perceptible shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X units), Ireland (X units) and Malaysia (X units) were the main suppliers of pacemaker imports to Australia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Ireland ($X) and Malaysia ($X) were the largest pacemaker suppliers to Australia, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 2023, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Singapore ($X per unit) and Malaysia ($X per unit), while the price for the United States ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform