Dental Suture Market is Estimated To Witness High Growth Owing To Increased Adoption Of Dental Cosmetic Procedures

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posted on 9 months ago — updated on 1 second ago

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Dental Suture Market is Estimated To Witness High Growth Owing To Increased Adoption Of Dental Cosmetic Procedures

Dental sutures are sterile surgical threads that are used to close tissues and wounds during oral surgical procedures.

Market Overview:
Dental sutures are sterile surgical threads that are used to close tissues and wounds during oral surgical procedures. They help in wound approximation and closure of tissues during gum grafting procedures, dental extractions, biopsies and other surgical procedures in the oral cavity. Dental sutures are typically used for internal closure of tissues rather than external skin closure. Sutures help in providing better esthetics and help achieve accurate tissue alignment during healing.

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 key trends:

One of the major trends driving growth of the dental suture market is the increasing adoption of dental cosmetic procedures across the globe. Growing consumer awareness about dental aesthetics and the role of dental procedures like dental implants, dental veneers and dental bleaching in improving aesthetic appeal is fueling demand for various cosmetic dental procedures. According to the American Academy of Cosmetic Dentistry, dental implants, veneers and crowns are some of the most popular cosmetic dental procedures currently performed. Since all these procedures often require use of sutures for wound closure and management post surgery, increasing number of dental cosmetic procedures is translating into higher adoption of dental sutures.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the dental suture market requires high R&D and manufacturing investments to produce high quality products. Bargaining power of buyers: The bargaining power of buyers is moderate as the demand for dental sutures is consistent due to the availability of trained dentists and dental clinics. Bargaining power of suppliers: The bargaining power of suppliers is low as there are many raw material suppliers in the market and switching cost is low. Threat of new substitutes: The threat of new substitutes is low as there are limited substitutes available for dental sutures. Competitive rivalry: The competitive rivalry is high among existing players.

SWOT Analysis
Strength: The dental suture market has strong demand for minimally invasive dental procedures. The increasing number of dental clinics and dentists globally is driving the market growth.
Weakness: Limited awareness regarding dental healthcare in underdeveloped regions can hamper market growth. High costs associated with advanced sutures can restrict adoption.
Opportunity: Growing geriatric population suffering from dental disorders provide new opportunities. Technological advancements result in advanced sutures with better strength and absorption time.
Threats: Stringent regulatory approval process for new product launches increase entry barriers. Risk of infections associated with dental procedures challenge market growth.

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 demand for dental surgeries and periodontal procedures. Asia Pacific region dominates the global market and is expected to grow at fastest CAGR during the forecast period due to rising dental tourism and growing middle-class population in the region having higher disposable incomes.

Regional analysis North America follows Asia Pacific with significant market share and will continue dominating the global dental suture market by 2030. Growth factors for North America include presence of advanced dental healthcare infrastructure, rising incidence of dental disorders, and growing dental tourism from Middle East & Latin America.

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.