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Steerable Needles Market Size

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

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Steerable Needles Market Size

Steerable Needles Market size was valued at USD 1.3 billion in 2022 and is estimated to account for USD 2.5 billion by 2032. Steerable needles are medical devices designed with a flexible tip that can be guided or steered through tissues and organs to reach specific target locations within the body.

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These needles are used in various medical procedures, including biopsies, cancer treatments, and other minimally invasive interventions. Cancer is one of the leading causes of death worldwide. As per statistics, in 2023, 1,958,310 new cancer cases and 609,820 deaths due to cancer are anticipated to occur in the U.S. Therefore, as the burden of cancer continues to rise, the demand for steerable biopsy needles will also increase.

Steerable Needles Market Report Attributes
Report Attribute	Details
Base Year:	2022
Steerable Needles Market Size in 2022:	USD 1.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.7%
2032 Value Projection:	USD 2.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	154
Tables, Charts & Figures:	283
Segments covered:	Type, Application, End-use, and Region
Growth Drivers:	Growing prevalence of chronic diseases Rising surgical procedures Technological advancements in steerable needles Surge in awareness regarding minimally invasive surgeries
Pitfalls & Challenges:	Infections associated with steerable needles Stringent regulatory scenario

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Technological advancements in steerable needles have significantly improved their precision, flexibility, and usability in various medical procedures. Robotic systems can assist surgeons in guiding steerable needles with high precision. For instance, the da Vinci Surgical System by Intuitive Surgical is a robotic surgical platform that includes various specialized instruments, including steerable needles, for minimally invasive surgeries. Therefore, the increasing technological advancements will boost the adoption rate of steerable needles.

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.