Increasing Minimally Invasive Procedures Drive Steerable Needles Market Growth: A Key Catalyst Accelerating Steerable Needles Market Growth in 2025

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Steerable Needles Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been significant growth in the market size of steerable needles. The market is forecasted to increase from $1.61 billion in 2024 to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to the growth in the historic period include regulatory approvals and standardization initiatives, a rise in the demand for minimally invasive procedures, a higher incidence of chronic illnesses, the growth in uses for diagnostic imaging, and an increasing elderly population.

Steerable Needles Market Size Forecast: What's the Projected Valuation by 2029?
The market for steerable needles is anticipated to experience significant expansion in the upcoming years, with a projected value of $2.49 billion in 2029 and a compound annual growth rate (CAGR) of 9.2%. The surge during the forecasted duration is ascribed to the incorporation of artificial intelligence in medical procedures, growth in telemedicine and remote surgeries, untapped potential in emerging markets, merging of steerable needles with imaging technologies, and the invention of superior materials to enhance maneuverability. The forecast period is set to witness key trends such as advanced robotic-assisted navigation systems, miniaturization of components for increased flexibility, integration of sensor technology for instant feedback, inclusion of machine learning algorithms for optimal trajectory, and creation of intelligent materials for self-guidance capabilities.

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What Are the Drivers Transforming the Steerable Needles Market?
The steerable needles market is anticipated to expand in response to the growing uptake of minimally invasive procedures. These medical interventions cause less tissue damage and hasten recovery as they are performed through small incisions or natural body openings. Minimally invasive procedures are gaining popularity due to their advantages such as reduced recovery duration, decreased risk of complications, and diminished postoperative discomfort for patients. Steerable needles, used during these procedures, enable precise navigation and targeting of specific tissues, thereby heightening accuracy and minimising damage to neighbouring areas. As an illustration, the American Society of Plastic Surgeons, a US non-profit, reported in September 2023 that the count of minimally invasive procedures such as HA fillers rose to 48.83 million in 2022, up from 28.78 million in 2020. Non-invasive fat reduction procedures also demonstrated an upward trend, from 38.65 million in 2020 to 68.29 million in 2022. Consequently, the escalating adoption of minimally invasive procedures is steering the growth of the steerable needles market.

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What Are the Key Trends Driving Steerable Needles Market Growth?
Leading firms in the steerable needle market are innovating new products like steerable biopsy needles to improve accuracy in tissue sampling, minimize patient discomfort, and enhance diagnostic precision. These needles are specially engineered to collect tissue samples from specific or hard-to-access areas of the body, offering the ability to make controlled, directional adjustments during insertion. For instance, Serpex Medical, an American medical device enterprise was granted FDA 510K approval in September 2022 for Compass Steerable Needles - a type of steerable biopsy needle which guarantees accurate access to lung nodules in the intrapulmonary region. Compass Steerable Needles permit precise 3D positioning and access to small lesions outside the airways, providing improved reach to all 18 lung segments. They showcase superior controllability for accurate lesion targeting and access. These needles also enable a controlled approach to target regions while allowing the sampling of numerous tumor aspects without 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 dic*kinson 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 2024. 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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