by Market Overview:
Dental sutures are the medical threads used during dental surgeries to hold tissues, gums or wounds together after surgery. They help the healing process by approximating the wound edges and keeping them together. Common dental surgeries where sutures are used include wisdom tooth extractions, dental implant placement, gum lift, dental abscess drainage and biopsies. Absorbable and non-absorbable sutures are available in the market for dental procedures.
The dental suture market is estimated to be valued at US$ 188.73 Mn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising dental tourism in countries such as India, Thailand, Mexico and Hungary owing to availability of low cost dental treatments is expected to drive the growth of the dental suture market over the forecast period. According to the American Dental Association survey, approximately 1.4 million Americans travel abroad each year for dental care, with cost being the primary motivation. Moreover, increasing number of dental surgeries such as implants, periodontal procedures and extractions due to growing aging population is also fueling the market growth. Some key statistics indicating growth of dental procedures include, according to CDC, over 60% of adults aged 65 years and older have periodontitis and dental implant procedure volumes increased by over 400% between 1999 to 2016 in the U.S.
The market is expected to witness faster growth in Asia Pacific region due to presence of low cost dental tourism hubs and improving healthcare infrastructure. Rapid economic growth allowing access to dental insurance in developing countries and increasing awareness about oral health are some other macro factors supporting the market expansion.
Segment Analysis
The dental suture market is segmented on the basis of suture type, application, end-user and region. Based on suture type, the market is segmented into absorbable suture and non-absorbable suture. Absorbable suture segment dominates the market as they provide benefits such as reducing the need for suture removal. The absorbable sutures are made from materials such as catgut and polyglycolic which are absorbed by the body over time.
PEST Analysis
Political: There are no significant political factors affecting the market currently. However, stringent regulations related to approval of new products may impact the market.
Economic: Rising disposable income and rapid economic growth in developing countries are driving the market growth. Additionally, rising dental tourism is fueling market expansion.
Social: Increasing focus on dental aesthetics and oral health awareness is propelling the demand for various dental procedures which requires sutures.
Technological: Advancements in suture material and delivery systems are helping improve efficacy and patient comfort. Companies are developing novel absorbable sutures with accelerated degradation properties.
Key Takeaways
The Global Dental Suture Market Size is expected to witness high growth, exhibiting CAGR of 7.1% over the forecast period, due to increasing number of dental surgeries and trauma cases. The market size for 2023 is estimated at US$ 188.73 Mn.
Regional analysis: North America is expected to dominate the global market during the forecast period. This is attributed to the growing geriatric population, rising dental tourism and presence of leading players in the region. Asia Pacific exhibits the fastest growth in the forthcoming years owing to increasing dental expenditure, high prevalence of dental diseases and growing medical tourism industry in countries like India and China.
Key players: Key players operating in the dental suture market are B. Braun Melsungen AG, OSTEOGENICS BIOMEDICAL, INC., Medtronic Plc., Sutumed Corp., Katsan Medical Devices, Corza Medical, DemeTECH Corporation, Hu-Friedy Mfg. Co., LLC., Lux Suturess, Assut Europe, BioHorizons, Advanced Medical Solutions Group plc, Riverpoint Medical, Dolphin Suturess, Healthium Medtech Limited, Implacore SP. Z o. o., and Orion Suturess India Pvt. Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
