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What is the Expected Growth Rate of the Steerable Needles Market from 2024 to 2033?
The steerable needles market is growing strongly, expected to rise from $1.47 billion in 2023 to $1.61 billion in 2024, achieving a CAGR of 9.7%. This growth is influenced by regulatory approvals, demand for minimally invasive procedures, and a growing geriatric population.

The steerable needles market is expected to grow to $2.35 billion by 2028 at a CAGR of 10.0%. Growth is driven by the adoption of AI in medical procedures, telemedicine expansion, and integration with imaging technologies. Trends include enhanced navigation systems, miniaturization for flexibility, and development of smart materials.

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What Key Factors Are Fueling the Growth of the Steerable Needles Market?
The increasing adoption of minimally invasive procedures is expected to boost the steerable needles market. These procedures involve small incisions, minimizing tissue damage and recovery time. Factors contributing to this trend include reduced recovery times, lower complication risks, and less postoperative pain. Steerable needles enhance precision in targeting specific tissues during these procedures. The American Society of Plastic Surgeons reported in September 2023 that the number of minimally invasive procedures rose to 48.83 million in 2022, up from 28.78 million in 2020. Therefore, the rising adoption of minimally invasive procedures is driving the steerable needles market.

What Are the Major Segments of the Steerable Needles Market?
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

What New Trends Are Transforming the Steerable Needles Market?
Leading companies are creating advanced products like steerable biopsy needles to improve precision in tissue sampling, minimize patient discomfort, and enhance diagnostic accuracy. These specialized needles allow targeted sampling from challenging areas in the body with controlled directional changes during insertion. For example, in September 2022, Serpex Medical received FDA 510K clearance for its Compass Steerable Needles, which enable precise access to lung nodules, enhancing reach to all lung segments while allowing for targeted sampling of lesions without unwanted tip deflection.

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Which Regions Are Driving Growth 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.

The Steerable Needles Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the steerable needles market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Steerable Needles Market Include

1. Steerable Needles Market Executive Summary
2. Steerable Needles Market Segments
3. Steerable Needles Market Size And Template Market Growth Rate
4.  Key Steerable Needles Market Trends
5. Major Steerable Needles Market Drivers
……
25. Key Mergers And Acquisitions In The Steerable Needles Market
26. Top Steerable Needles Companies
27. Steerable Needles Market Opportunities And Strategies
28. Steerable Needles Market, Conclusions And Recommendations
29. Appendix

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