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Steerable Needles Market Share

Report ID: GMI7063
Published Date: Oct 2023
Report Format: PDF

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Steerable Needles Market Share

The steerable needles industry is consolidated, with major players such as Boston Scientific Corporation, Olympus Corporation dominating the market. These companies are focused on continuous product innovation to secure a significant market share. For instance, in December 2020, Veran Medical Technologies, Inc. (VMT), a medical device firm focused on creating and marketing novel devices such endobronchial tools, including needles, was acquired by Olympus Corporation. Such strategies help companies to strengthen their expertise, broaden their product offering, and boost their operational capabilities.

Some of the eminent market participants operating in the Steerable needles industry include:

AprioMed, Inc.
Merit Medical Systems
DEAM
Johnson & Johnson Services, Inc.
Boston Scientific Corporation
Serpex Medical
Olympus Corporation
Medtronic
APT Medical Inc.
Elekta Instrument AB
Terumo Corporation
Smith & Nephew
B. Braun Melsungen AG
Stryker Corporation
BD (Becton, Dickinson, and Company)

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global steerable needles industry was valued at USD 1.3 billion in 2022 and is estimated to account for USD 2.5 billion by 2032, supported by the product’s extensive usage in medical procedures, including biopsies, cancer treatments, and other minimally invasive interventions.

The bevel-tip flexible needles segment garnered USD 741 million revenue size in the year 2022 and will keep witnessing demand, attributed to their enhanced visibility, versatility, and established efficacy.

U.S. steerable needles market accounted for USD 497 million in 2022 and is predicted to witness substantial growth through 2032, owing to the annual increase in chronic diseases including breast cancer.

AprioMed, Inc., Merit Medical Systems, DEAM, Johnson & Johnson Services, Inc., Boston Scientific Corporation, Serpex Medical, Olympus Corporation, Medtronic, APT Medical Inc., Elekta Instrument AB and Terumo Corporation among others.