Global Electrosurgical Devices Market Analysis by Region

6 min read

Updated on 11/20/2024

The North American electrosurgical equipment market maintains the largest market share from 2018 to 2023, although its share slightly decreases from 39.64% in 2018 to 38.19% in 2023. Europe’s market share is relatively stable, with a slight decrease from 31.96% in 2018 to 31.25% in 2023. Japan’s market share increases during this period, from 15.73% in 2018 to 16.26% in 2023. The market share of other regions also increases, from 12.67% in 2018 to 14.30% in 2023. This shows that while North America dominates the global electrosurgical equipment market, Japan and other regions are also gradually increasing their market share.

2. North America Electrosurgical Devices Market Performance

From 2018 to 2023, the production volume and market value of electrosurgical equipment in North America showed a fluctuating trend. In 2018, the production volume was 39,137 thousand units, the market value was 1,400.27 million US dollars, the unit price was 35.8 US dollars/unit, and the gross profit margin was 67.51%. In 2019, the production volume increased to 40,893 thousand units, the market value increased to 1,445.26 million US dollars, the unit price was 35.3 US dollars/unit, and the gross profit margin was 67.10%. In 2020, the production volume decreased to 36,413 thousand units, the market value decreased to 1,273.77 million US dollars, the unit price was 35.0 US dollars/unit, and the gross profit margin was 67.56%. In 2021, the production volume rebounded to 39,853 thousand units, the market value increased to 1,411.84 million US dollars, the unit price was 35.4 US dollars/unit, and the gross profit margin was 66.73%. In 2022, the production volume further increased to 42,001 thousand units, the market value increased to US$1,523.54 million, the unit price was US$36.3/unit, and the gross profit margin was 65.47%. In 2023, the production volume reached 44,073 thousand units, the market value increased to US$1,583.14 million, the unit price was US$35.9/unit, and the gross profit margin was 65.76%. Overall, although the production volume and market value declined in 2020, they subsequently resumed growth, and the gross profit margin fluctuated between 65.47% and 67.56%, showing the stability and growth potential of the North American electrosurgical equipment market.

Table North America Electrosurgical Devices Production, Value, Price and Gross Margin (2018-2023)

North America	2018	2019	2020	2021	2022	2023
Production (K Units)	39137	40893	36413	39853	42001	44073
Price (USD/Unit)	35.8	35.3	35.0	35.4	36.3	35.9
Production Value (Million USD)	1400.27	1445.26	1273.77	1411.84	1523.54	1583.14
Gross Margin	67.51%	67.10%	67.56%	66.73%	65.47%	65.76%

From 2018 to 2023, the consumption and growth rate of electrosurgical equipment in North America experienced fluctuations. In 2018, the consumption was 29,330 thousand units, and in 2019, the consumption increased to 31,051 thousand units, with a growth rate of 5.87%. In 2020, the consumption decreased to 27,823 thousand units, and the growth rate turned to -10.4%. In 2021, the consumption rebounded to 30,546 thousand units, with a growth rate of 9.79%. In 2022, the consumption further increased to 32,254 thousand units, with a growth rate of 5.59%. In 2023, the consumption reached 33,888 thousand units, with a growth rate of 5.07%. Overall, although the consumption decreased in 2020, it resumed growth afterwards, showing the resilience and growth potential of the North American electrosurgical equipment market.

Figure North America Electrosurgical Devices Consumption (K Units) and Growth Rate Analysis (2018-2023)

2.1 North America Electrosurgical Devices Market Under COVID-19

The COVID-19 pandemic has had a severe negative impact on the North American economy. The U.S. economy shrank 3.5% in 2020, its worst year of growth since 1946. Canada’s economy shrank by 5.4% in 2020. Mexico’s economy shrank 8.5% in 2020. The Federal Reserve and the Bank of Canada have lowered interest rates and restarted crisis-era tools aimed at providing liquidity to markets locked in a frenzy for safe assets and preventing a damaging sell-off in asset prices. Washington’s forgivable Paycheck Protection Program and Ottawa’s wage subsidy are both designed to protect the value of specific relationships between companies and their workers and between companies and their suppliers. The Biden administration has laid out a $1.9 trillion coronavirus and economic stimulus package with relief and long-term policies aimed at stimulating the economy and addressing racial and wealth gaps that have been exacerbated by the health crisis. Economic relief, soft loans, and early credit disbursement are some of the measures taken by the government to protect the interests of farmers and ensure their income. However, the joint border restrictions agreed by Washington with the governments of Mexico and Canada have created unhelpful uncertainty about production supply chains. The COVID-19 pandemic is therefore first and foremost a global public health emergency. But it also threatens economic prosperity as output collapses and unemployment soars.

3. Europe Electrosurgical Devices Market Performance

In 2018, the production volume of European electrosurgical equipment was 31,729 thousand units, with a market value of US$1,128.94 million, a unit price of US$35.6/unit, and a gross profit margin of 66.73%. In 2019, the production volume increased to 33,409 thousand units, the market value increased to US$1,174.19 million, the unit price was US$35.1/unit, and the gross profit margin was 66.75%. In 2020, the production volume decreased to 29,830 thousand units, the market value dropped to US$1,037.69 million, the unit price was US$34.8/unit, and the gross profit margin was 67.11%. In 2021, the production volume rebounded to 32,714 thousand units, the market value increased to US$1,152.52 million, the unit price was US$35.2/unit, and the gross profit margin was 66.06%. In 2022, the production volume will further increase to 34,523,000 units, the market value will increase to US$1,245.34 million, the unit price will be US$36.1/unit, and the gross profit margin will be 65.68%. In 2023, the production volume will reach 36,271 thousand units, the market value will increase to US$1,295.66 million, the unit price will be US$35.7/unit, and the gross profit margin will be 65.43%.

Table Europe Electrosurgical Devices Production, Value, Price and Gross Margin (2018-2023)

Europe	2018	2019	2020	2021	2022	2023
Production (K Units)	31729	33409	29830	32714	34523	36271
Price (USD/Unit)	35.6	35.1	34.8	35.2	36.1	35.7
Production Value (Million USD)	1128.94	1174.19	1037.69	1152.52	1245.34	1295.66
Gross Margin	66.73%	66.75%	67.11%	66.06%	65.68%	65.43%

The consumption of electrosurgical equipment in Europe was 27,925 thousand units in 2018, and increased to 29,414 thousand units in 2019, with a growth rate of 5.33%. In 2020, the consumption dropped to 26,253 thousand units, and the growth rate turned to -10.75%. In 2021, the consumption rebounded to 28,865 thousand units, with a growth rate of 9.95%. In 2022, the consumption further increased to 30,528 thousand units, with a growth rate of 5.76%. In 2023, the consumption reached 32,122 thousand units, with a growth rate of 5.22%.

Figure Europe Electrosurgical Devices Consumption (K Units) and Growth Rate Analysis (2018-2023)

3.1 Europe Electrosurgical Devices Market Under COVID-19

The coronavirus crisis is challenging the European economy and the livelihoods of its citizens. The economic impact of the coronavirus crisis will vary by industry and company, depending on a variety of factors, including the potential for adaptation to supply chain disruptions and the presence of inventories or reliance on just-in-time production processes. On November 11, 2021, the European Commission published its economic forecast for autumn 2021. The EU economy is recovering faster than expected from the pandemic recession. The economy resumed in the spring and continued into the summer as vaccination campaigns advanced and restrictions began to lift. The EU economy returned to pre-pandemic output levels in the third quarter of 2021 and shifted from recovery to expansion. The EU economy is expected to continue expanding within the forecast range, with growth rates of 2.5% in 2023. That outlook depends on the evolution of the pandemic and how quickly supply adapts to rapidly changing demand as the economy reopens.