Press release
Top Factor Driving Steerable Needles Market Growth in 2025: Increasing Minimally Invasive Procedures Drive Steerable Needles Market Growth
Steerable Needles
The increasing popularity of minimally invasive procedures is expected to fuel the growth of the steerable needles market. Minimally invasive procedures reduce recovery times, lower complication risks, and cause less postoperative pain. Steerable needles play a crucial role in these procedures by providing precise navigation to target specific tissues. In September 2023, the American Society of Plastic Surgeons reported a significant increase in minimally invasive procedures like HA fillers, from 28.78 million in 2020 to 48.83 million in 2022. As these procedures gain traction, the steerable needles market will expand.
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What is the projected compound annual growth rate (CAGR) of the steerable needles market from 2025 to 2034, and what factors influence it?
The steerable needles market has grown rapidly and is expected to grow from $1.61 billion in 2024 to $1.77 billion in 2025, at a CAGR of 10.1%. This growth is attributed to regulatory approvals, standardization initiatives, the rising demand for minimally invasive procedures, the increasing prevalence of chronic diseases, expanding applications in diagnostic imaging, and a growing aging population.
The steerable needles market is projected to grow to $2.58 billion by 2029, with a CAGR of 9.9%. The growth is driven by AI adoption in medical procedures, telemedicine expansion, and the development of advanced materials. Key trends include robotic-assisted navigation, miniaturization, and real-time feedback integration.
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How are the latest trends influencing the growth of the steerable needles market?
Companies in the steerable needle market are developing innovative products, such as steerable biopsy needles, to improve precision in tissue sampling. For example, in September 2022, Serpex Medical, a US-based medical device company, received FDA approval for its Compass Steerable Needles, which offer precise access to lung nodules. These needles allow for controlled directional movement, improving the accuracy of biopsies and reducing patient discomfort.
What are the major segments of the steerable needles market and their role in driving growth?
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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Which regions are key players in the growth of 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.
Who are the key firms paving the way for growth in the steerable needles market?
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
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What Is Covered In The Steerable Needles Global Market Report?
•Market Size Forecast: Examine the steerable needles market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the steerable needles market for a structured understanding.
•Key Players Overview: Analyze major players in the steerable needles market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the steerable needles market.
•Segment Contributions: Evaluate how different segments drive overall growth in the steerable needles market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the steerable needles market.
•Industry Challenges: Identify potential risks and obstacles affecting the steerable needles market.
•Competitive Landscape: Review strategic developments in the steerable needles market, including expansions, agreements, and new product launches.
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