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Steerable Needles Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Steerable Needles Market
What Is the Expected Steerable Needles Market Size During the Forecast Period?
The steerable needles market will increase from $1.61 billion in 2024 to $1.77 billion in 2025 at a CAGR of 10.1%. This growth is driven by regulatory approvals and standardization efforts, rising demand for minimally invasive procedures, increasing chronic disease prevalence, expanding use in diagnostic imaging, and a growing elderly population.
The steerable needles market is poised for strong growth, reaching $2.58 billion by 2029 at a CAGR of 9.9%. Key drivers include AI use in procedures, growth in telemedicine, new market opportunities, and integration with imaging and advanced materials. Trends include robotic-assisted navigation, sensor-equipped needles, machine learning for trajectory planning, and smart materials enabling self-steering.
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What Are the High-Growth Segments in the Steerable Needles Market?
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 Key Drivers Are Expected to Influence Future Steerable Needles Market Growth?
The growing adoption of minimally invasive procedures is expected to foster the growth of the steerable needles market. These procedures, performed through small incisions, are gaining popularity due to reduced recovery times and fewer complications. Steerable needles are vital in these procedures, offering precise navigation to target specific tissues. For instance, the American Society of Plastic Surgeons reported a rise in minimally invasive procedures, with HA filler procedures increasing to 48.83 million in 2022 from 28.78 million in 2020. As a result, the growing preference for minimally invasive procedures is driving the growth of the steerable needles market.
Which Companies Hold the Largest Share Across Different Steerable Needles Market Segments?
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
What Trends Are Expected to Dominate the Steerable Needles Market in the Next 5 Years?
Leading companies in the steerable needles market are focused on innovation, such as the development of steerable biopsy needles, to improve precision in tissue sampling and diagnostic accuracy while reducing patient discomfort. For example, Serpex Medical, a U.S.-based medical device company, received FDA 510K clearance in September 2022 for its Compass Steerable Needles. These needles offer enhanced maneuverability and precise targeting of lung nodules, making it easier to access small lesions and provide more accurate tissue samples.
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What Are the Emerging Geographies for The Steerable Needles Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Steerable Needles Market?
2. What is the CAGR expected in the Steerable Needles Market?
3. What Are the Key Innovations Transforming the Steerable Needles Industry?
4. Which Region Is Leading the Steerable Needles Market?
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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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