April 14, 2024
Dental Suture Market

Dental Suture Market Poised to Witness Steady Growth Due to Improving Healthcare Infrastructure

The dental suture market involves surgical sutures that are used to hold tissues, bones, etc. together after trauma or surgery in the oral cavity. Dental sutures help in wound closure and provide effective hemostasis. They are generally made from biodegradable materials like gut or synthetic polymers that do not require removal. Absorbable sutures like plain gut and chromic gut are most commonly used in dental procedures.

The global dental suture market is estimated to be valued at US$ 217.42 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Dental Suture Market Growth are Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, Ingredion Incorporated, Associated British Foods (ABF), Tate & Lyle, Agrana Beteiligungs AG, The Scoular Company, Grain Processing Corporation (GPC), Didion Milling. Key players are focusing on developing advanced sutures with better absorption time and strength.

The rising number of dental surgeries across the globe presents significant growth opportunities in the market. Furthermore, increasing demand for cosmetic dentistry is also fueling market growth.

The market is witnessing strong expansion in developing regions due to improving healthcare infrastructure and income levels. Key players are strengthening their distribution networks in Asia Pacific and Latin America.

Market drivers

The growing prevalence of Dental Suture Market  diseases and conditions necessitating surgical interventions is a key driver for the dental suture market. According to the FDI World Dental Federation, oral diseases affect around 3.5 billion people worldwide. Improving access to dental care along with rising medical tourism are contributing to the increasing adoption of dental sutures.

Market drivers: Improving healthcare infrastructure across emerging nations is a major market driver. Many developing countries are increasing their healthcare budgets which is enhancing availability of dental care services. This increased access to dental surgeries is driving demand for dental sutures.

PEST Analysis

Political: The government policies regarding spending on oral care and dental procedures can impact the dental suture market. Regulations for product approval and standards will also affect market dynamics.

Economic: Global economic growth influences disposable income levels and healthcare spending. This in turn affects demand for dental sutures used for various procedures. Fluctuations in currency exchange rates can impact production and trade costs.

Social: Rise in preventive dental care and importance given to oral health drive the adoption of sutures and related products. Growing awareness about new procedures and materials widens market potential.

Technological: Advances in material sciences aid the development of advanced suture types with improved characteristics. Automation in manufacturing and packaging processes boost efficiency. Uptake of digital dentistry affects workflow and associated consumables demand.

The dental suture market in terms of value is concentrated majorly in North America and Europe. The United States holds the largest share due to growth in dental expenditure, availability of advanced treatment options and presence of numerous global industry players. Other developed regions like Germany, France, the United Kingdom and Canada also contribute significantly to overall market revenues.

The Asia Pacific region is witnessing the fastest growth for the dental suture market. Factors such as rising disposable income, growing medical tourism industry and expanding patient pool drive the market in developing nations like China, India and South Korea. Governments are increasing healthcare budgets that benefit the dental sector as well. Penetration of private insurance further spurs procedures that involve the application of sutures

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it