by The global Dental Suture Market is estimated to be valued at US$ 176.22 Mn in 2022 and is expected to exhibit a CAGR of 7.1% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental sutures are specialized stitches used during dental surgical procedures to close wounds, reconnect gums or other tissues to achieve proper healing. Sutures help bring the edges of a surgical incision or wound together by knotting or intertwining strands of suture material. Some key advantages of dental sutures include minimized bleeding and infection at the surgical site, precise wound approximation and accurate closure. Dental procedures such as dental implants, biopsies, cyst removals and periodontal flap surgery often require use of sutures.
Market key trends:
One of the key trends in the dental suture market is the rising popularity of absorbable sutures. Absorbable sutures are preferred over non-absorbable sutures in dental procedures as they dissolve naturally in the body post-surgery and do not require removal. This reduces healing time and chances of infection. Therefore, demand for synthetic absorbable sutures made from materials such as polyglycolic acid, polylactic acid is increasing in the dental industry. Biocompatibility and flexibility of these advanced material based dental sutures also contribute to better patient outcomes.
Porter’s Analysis
Threat of new entrants: The global dental suture market poses moderate threat of new entrants due to high capital requirements and increasing focus of key players on R&D.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and possibility of shifts towards generic products.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes and focus of key players in backward integration.
Threat of new substitutes: Threat from substitutes is low as dental suture products are highly specialized with limited substitutes.
Competitive rivalry: Intense due to the presence of key global players.
Key Takeaways
The global Dental Suture Market Size is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period of 2022 to 2030, due to increasing prevalence of dental injuries and surgeries. The market size for 2022 was US$ 176.22 Mn.
Regional analysis- North America dominated the dental suture market in 2021 owing to increasing dental care expenditure, rising focus on advanced dental surgical procedures. Asia Pacific is projected to be the fastest growing market during the forecast period. Increasing awareness and growing medical tourism are key factors attributed to this growth.
Key players operating in the dental suture market include 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
