Increasing Minimally Invasive Procedures Drive Steerable Needles Market Growth Driver: A Major Catalyst in the Evolution of the Steerable Needles Market in 2025

How Is the Steerable Needles Market Projected to Grow, and What Is Its Market Size?
Over the past few years, the market size for steerable needles has seen a rapid increase. It is expected to escalate from $1.61 billion in 2024 to $1.77 billion in 2025, recording a compound annual growth rate (CAGR) of 10.1%. The growth experienced during the historic period was fueled by factors such as regulatory sanctioning and standardization efforts, augmented demand for less invasive procedures, a rise in chronic disease prevalence, broadened uses in diagnostic imaging, and an expanding elderly population.

Anticipations indicate a considerable surge in the market size for steerable needles in the coming years, expected to reach $2.58 billion by 2029 with a compound annual growth rate (CAGR) of 9.9%. This rise during the predicted period is likely due to the incorporation of artificial intelligence in medical treatments, the growth of telemedicine and remote surgery, potential growth factors in emerging markets, the combination of steerable needles with imaging technology, and the creation of innovative materials meant to increase maneuverability. Noteworthy trends expected in this same period include advanced robotic navigation systems, the downsizing of elements for increased flexibility, the use of sensor technology for immediate feedback, the application of machine learning algorithms for optimizing trajectory and the invention of smart materials to enable self-steering capabilities.

What Are the Key Drivers Behind the Growth of the Steerable Needles Market?
The rising acceptance of procedures that are minimally invasive is projected to fuel the growth of the steerable needles market. Minimally invasive procedures are medical interventions that utilize small incisions or natural body openings, thereby reducing tissue damage and recovery period. There is an increased demand for these methods due to the shorter recovery periods, fewer complications, and reduced postoperative discomfort they provide for patients. Steerable needles are key players in these procedures, providing exact navigation and targeting, which increases precision and limits harm to adjacent areas. For example, the American Society of Plastic Surgeons, a US non-governmental organization, reported that the volume of minimally invasive procedures like HA fillers rose to 48.83 million in 2022 from 28.78 million in 2020 in September 2023. Furthermore, non-invasive fat reduction procedures also saw an increase from 38.65 million in 2020 to 68.29 million in 2022. As such, the escalating use of minimally invasive procedures is boosting the growth of the steerable needles market.

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Who Are the Major Industry Players Fueling Steerable Needles Market Expansion?
Major companies operating in the steerable needles market are Johnson & Johnson, Medtronic Plc, Siemens Healthineers AG, Becton Dickinson and Company, Koninklijke Philips, Stryker Corporation, GE HealthCare Technologies, Boston Scientific Corporation, Olympus Corporation, Terumo Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Hologic Inc., Varian Medical Systems Inc., Coloplast A/S, Cook Medical Incorporated, Bio-Rad Laboratories Inc., Teleflex Incorporated, KARL STORZ SE & Co KG, Elekta Instrument AB, Merit Medical Systems Inc., ConMed Corporation, Penumbra Inc., AngioDynamics Inc., AprioMed Inc

Which Key Developments Are Influencing the Steerable Needles Market?
Leading corporations in the steerable needles market are crafting innovative solutions such as steerable biopsy needles to augment precision in tissue extraction, alleviate patient distress, and boost diagnostic accuracy. Steerable biopsy needles are uniquely engineered medical needles that can retrieve tissue samples from targeted and frequently inaccessible parts of the body, thereby enabling adjustable directional shifts as the needle is inserted. An example of this is the approval by the FDA in September 2022, of the Compass Steerable Needles developed by Serpex Medical, a U.S. based medical technology company. These steerable biopsy needles allow for meticulous access to lung nodules within the intrapulmonary region. They enable accurate three-dimensional positioning to gain enhanced access to all 18 lung segments and to small lesions outside the airways. They display phenomenal maneuverability that leads to increased accuracy in targeting and accessing lesions. Furthermore, they provide a regulated approach for reaching target locations and the capability to sample various facets of the tumor without unwarranted tip deflection.

How Is the Segmentation of the Steerable Needles Market Defined?
The steerable needles market covered in this report is segmented -

1) By Type: Bevel-Tip Flexible Needles, Symmetric-Tip Needles, Tendon Actuated Tip Needles
2) By Application: Biopsy, Tumor Ablation, Pain Management, Robotic Assisted Surgery, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Others End Users

Subsegments:
1) By Bevel-Tip Flexible Needles: Single Bevel-Tip Needles, Double Bevel-Tip Needles
2) By Symmetric-Tip Needles: Standard Symmetric-Tip Needles, Curved Symmetric-Tip Needles
3) By Tendon Actuated Tip Needles: Single Tendon Actuated Needles, Dual Tendon Actuated Needles

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What Is the Leading Region in the Steerable Needles Market?
North America was the largest region in the steerable needles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steerable needles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Steerable Needles Global Market Report?

- Market Size Analysis: Analyze the Steerable Needles Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Steerable Needles Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Steerable Needles Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Steerable Needles Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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