Global Steerable Needle Market Report By Product (Bevel-Tip Flexible Needles, Symmetric-Tip Needles, Tendonactuated Tips), By Application (Biopsy, Tumor Ablation, Pain Management, Neurosurgery, Cardiac Interventions, Interventional Radiology, Robotic-Assisted Procedures), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Steerable Needle Market is presumed to reach the market size of nearly USD 3.55 BN by 2030 from USD 1.95 BN in 2022 with a CAGR of 7.8% under the study period 2023 - 2030.

A steerable needle, also known as a flexible or active needle, is a medical device designed to improve the precision and control of needle insertion during minimally invasive medical procedures. These are equipped with advanced mechanisms that allow them to bend or curve in a controlled manner, providing greater manoeuvrability within the body.

Market Dynamics

The growth in the ageing population and rising adoption of minimally invasive procedures have created a demand for more precise medical devices. Steerable needles offer enhanced manoeuvrability, aiding in delicate procedures and reducing the need for open surgeries, leading to improved patient outcomes. Advancements in medical imaging technologies have allowed for real-time visualization during procedures, enhancing accuracy. The cases of cancer have scaled up, which has driven the need for accurate and efficient biopsy procedures, where steerable needles play a crucial role. Additionally, the focus on patient comfort and recovery, along with supportive healthcare policies and collaborative research, has positively influenced the demand for steerable needles. Technological innovations and increasing healthcare expenditure have further contributed to the growth of the market.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of steerable needle. The growth and trends of steerable needle industry provide a holistic approach to this study. 

Market Segmentation

This section of the steerable needle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Product

• Bevel-Tip Flexible Needles
• Symmetric-Tip Needles
• Tendonactuated Tips

By Application

• Biopsy
• Tumor Ablation
• Pain Management
• Neurosurgery
• Cardiac Interventions
• Interventional Radiology
• Robotic-Assisted Procedures

By End User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Steerable Needle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Steerable Needle Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Steerable Needle market include AprioMed, Elekta Instrument AB, Medtronic, Boston Scientific, Cook Medical, Olympus Corporation, Terumo Corporation, Merit Medical Systems, Vygan, Johnson & Johnson, B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew, AngioDynamics Inc., Teleflex incorporated. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.