How the Steerable Needles Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Steerable Needles Market?
The increasing adoption of minimally invasive procedures is expected to propel the steerable needles market. Minimally invasive procedures, which involve small incisions or natural body openings, are becoming more common due to benefits like shorter recovery times and lower complication risks. Steerable needles are used to target specific tissues during these procedures with precision. For instance, the number of minimally invasive procedures increased to 48.83 million in 2022 from 28.78 million in 2020. Therefore, the rising adoption of minimally invasive procedures is driving the steerable needles market.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15932&type=smp
#What is the Projected CAGR for the Steerable Needles Market Size from 2025 to 2034?
The steerable needles market size has grown rapidly in recent years. It will increase from $1.61 billion in 2024 to $1.77 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.1%. This growth is driven by regulatory approvals, a demand for minimally invasive procedures, rising prevalence of chronic diseases, the expansion of diagnostic imaging applications, and the growing geriatric population.
The steerable needles market is projected to grow to $2.58 billion by 2029, with a CAGR of 9.9%. Factors contributing to growth include AI adoption in medical procedures, telemedicine expansion, emerging market opportunities, imaging technology integration, and advanced materials for maneuverability. Trends include robotic-assisted navigation, miniaturized components for flexibility, sensor technology, machine learning algorithms, and self-steering smart materials.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15932
What Are the Most Significant Market Trends Transforming theSteerable Needles Market?
Major companies in the steerable needles market are developing innovative products like steerable biopsy needles for improved precision and patient comfort. These needles allow for controlled, directional changes during insertion. For example, in September 2022, Serpex Medical, a US-based company, received FDA clearance for its Compass Steerable Needles, designed for precise tissue sampling from hard-to-reach lung nodules.
What Are the Top Market Players Propelling the Growth of theSteerable Needles Industry?
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
Order Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/steerable-needles-global-market-report
Which Primary Segments of the Steerable Needles Market Are Driving Growth and Industry Transformations?
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
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=15932&type=smp
Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Steerable Needles Market?# 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.
Browse Through More Reports Similar to the Global Steerable Needles Market 2025, By The Business Research Company:
Needle Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/needle-global-market-report
Microneedle Drug Delivery Systems Global Market Report 2024
Hypodermic Syringes And Needles Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
