Steerable Needles Market Analysis

Steerable Needles Market Analysis

To get key market trends

  Download Free Sample

The market by type is categorized into bevel-tip flexible needles, symmetric-tip needles, tendonactuated tips. The bevel-tip flexible needles segment garnered USD 741 million revenue size in the year 2022. The dominance of the segment can be attributed to their enhanced visibility, versatility, and established efficacy.
 

• Bevel-tip needles are designed with a sharp slanted edge, allowing for precise targeting of tissues or specific anatomical structures. This precision is particularly important in medical procedures in which accuracy is crucial, such as biopsies or injections.
   
• Additionally, the sharp beveled tip requires less force to penetrate tissues, reducing trauma to surrounding structures. This minimizes pain, discomfort, and the risk of complications, making the procedure more tolerable for the patient.
   

Based on application, the steerable needles market is segmented into biopsy, tumor ablation, pain management, robotic assisted surgery, and other applications. The biopsy segment accounted for over 34% business share in the year 2022. High segment share is attributed to high incidence of cancer, immediate treatment requirements, and accurate diagnostic results.
 

• Steerable needles are invaluable tools in biopsy procedures, allowing healthcare professionals to accurately target and obtain tissue samples for diagnostic purposes.
   
• Additionally, some tumors or lesions are located in challenging anatomical locations. These needles can navigate through complex pathways or around sensitive structures, allowing physicians to access and sample tissues that might be difficult to reach with traditional straight needles.
   
• Further, steerable needles are often used in conjunction with imaging technologies such as diagnostic ultrasound, CT scanners, or MRI systems. These imaging modalities provide real-time visualization, allowing healthcare providers to monitor the needle's position and adjust its trajectory as needed, ensuring precise targeting of the tissue sample.
   

The steerable needles market by end-use is categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment garnered USD 713 million revenue size in the year 2022.
 

• Steerable needles are advanced medical devices used in hospitals for a variety of procedures across different medical specialties. They are utilized in interventional radiology procedures for tasks such as tumor ablation, embolization, and drainage.
   
• Furthermore, hospitals often use steerable needles in R&D projects, exploring new techniques and applications. Researchers and medical professionals work together to improve the functionality and versatility of these needles for various medical procedures.
   

U.S. steerable needles market accounted for USD 497 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
 

• The U.S. has solidified its dominant position in the market, primarily attributed to the annual increase in chronic diseases including breast cancer. For instance, in 2023, approximately 297,790 fresh cases of invasive breast cancer are anticipated to be detected in the U.S. women.
   
• Furthermore, U.S. advanced healthcare infrastructure, leadership in innovative medical practices, high surgical volume, and accessibility to advanced products contribute to its central role in the market.