Pacemaker Market Overview in Germany
Market Overview
In 2019, the German pacemaker market was finally on the rise to reach $
for the first time since 2015, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. Pacemaker consumption peaked at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
In value terms, pacemaker production reached $ in 2019 estimated in export prices. In general, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Pacemaker production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
for the first time since 2015, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. Pacemaker consumption peaked at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.In value terms, pacemaker production reached $
in 2019 estimated in export prices. In general, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Pacemaker production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.Consumption
After four years of decline, consumption of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by % to units in 2019. In general, consumption continues to indicate modest growth. Pacemaker consumption peaked at units in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
The size of the pacemaker market in Germany surged to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Pacemaker consumption peaked at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.
% to units in 2019. In general, consumption continues to indicate modest growth. Pacemaker consumption peaked at units in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.The size of the pacemaker market in Germany surged to $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Pacemaker consumption peaked at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for pacemaker in Germany, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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