Steerable Needles Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Steerable Needles Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for steerable needles witnessed a swift expansion. The forecast projects an increase from $1.61 billion in 2024 to $1.77 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.1%. Factors contributing to the growth during the historic period include regulatory authorizations and standardization efforts, a rise in the preference for minimally invasive procedures, an escalation in chronic disease occurrences, widening uses in diagnostic imaging, and an increasing elderly population.

Steerable Needles Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, the market size for steerable needles is projected to witness significant growth, surging to $2.58 billion in 2029 at a compound annual growth rate of 9.9%. The increase during the projected period is likely due to factors such as the integration of artificial intelligence into medical procedures, the proliferation of telemedicine and remote surgeries, emerging markets and uncaptured prospective, the amalgamation of steerable needles with imaging technologies, and the use of advanced materials for improved navigation. Key trends expected during this forecast period involve the improvement of robot-aided navigation systems, reduction in component size for better flexibility, inclusion of sensor technology enabling real-time feedback, application of machine learning algorithms for enhancing trajectory determination, and the creation of intelligent materials possessing self-steering features.

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What Are the Drivers Transforming the Steerable Needles Market?
The steerable needles market is projected to grow due to the rising preference for minimally invasive procedures. Such procedures, which involve small incisions or natural body openings, result in less tissue damage and quicker recovery. This growing preference is attributed to the shorter recovery periods, reduced risk of complications, and less postoperative discomfort they offer to patients. Steerable needles offer the advantage of accurately navigating and targeting specific tissues during these procedures, increasing the level of precision while minimizing damage to surrounding structures. As reported by the American Society of Plastic Surgeons, a non-governmental entity based in the US, the number of minimally invasive procedures such as HA fillers saw a rise to 48.83 million in 2022, a significant increase from 28.78 million in 2020. What's more, non-invasive fat reduction procedures also saw an increase from 38.65 million in 2020 to 68.29 million in 2022. Hence, the burgeoning acceptance of minimally invasive procedures is fuelling the growth of the steerable needles market.

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What Long-Term Trends Will Define the Future of the Steerable Needles Market?
Leading businesses in the steerable needles industry are focusing on the production of ground-breaking products like steerable biopsy needles to increase precision in tissue sample collection, minimize patient discomfort, and boost diagnostic accuracy. Designed to collect tissue samples from specific, typically hard-to-access parts of the body, steerable biopsy needles enable controlled, directional alterations during insertion. For example, Serpex Medical, a medical device enterprise based in the United States, obtained a Food and Drug Administration (FDA) 510K approval for their product Compass Steerable Needles in September 2022. These steerable biopsy needles facilitate precise access to lung nodules in the intrapulmonary zone, offering a precise three-dimensional positioning system for reaching all 18 lung segments and accessing tiny lesions outside the airways. They provide outstanding maneuverability, enabling more accurate lesion targeting and access. They ensure a regulated approach towards target spots and make it possible to sample different parts of the tumor without any undesired tip deflection.

Which Segments in the Steerable Needles Market Offer the Most Profit Potential?
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 Firms Dominate the Steerable Needles Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential 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.

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