by The global dental suture market has grown significantly over the past few years owing to the rising number of surgical procedures across dental clinics and hospitals. Dental sutures are essential elements used in various surgical procedures like tooth extraction, dental implant placement, gum grafting, dental crown lengthening and others. They are sterile medical devices made from absorbable or non-absorbable materials such as silk, nylon, polyglycolic acid, polyglactin 910 etc. Dental sutures help in proper wound closure and alignment of tissues during surgery. They promote faster healing by holding together the skin, mucosa or flap after being cut open by the surgeon. With growing dental concerns and increasing awareness about oral healthcare, the number of minor as well as major dental procedures has risen considerably creating robust demand for sutures.
The global dental suture market is estimated to be valued at US$ 188.73 Mn in 2023 and is expected to exhibit a CAGR of 7.2% 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 witnessed in the dental suture market is the growing use of absorbable sutures. Traditional non-absorbable sutures require subsequent removal which can be painful for patients. Absorbable sutures help overcome this limitation as they naturally dissolve in the body eliminating the need for removal. Major players are focusing on developing advanced absorbable sutures made from copolymers which dissolve faster minimizing post-operative discomfort. Furthermore, favorable reimbursement policies for dental surgical procedures in developed nations alongside strategic initiatives by industry players to expand production capacity augur well for market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirement and easy availability of raw materials and machinery reduce barriers to entry. However, presence of well-established players makes entry difficult.
Bargaining power of buyers: Large pool of vendors and easy availability of substitutes provide buyers with high bargaining power.
Bargaining power of suppliers: The dental suture market has several suppliers who supply raw materials globally, thereby reducing supplier bargaining power.
Threat of new substitutes: New product development and technological advancements in dental surgical procedures may lead to availability of substitutes.
Competitive rivalry: Presence of several regional and global players offering a range of dental sutures leads to high competitive rivalry.
Key Takeaways
The Global Dental Suture Market Size is estimated to be valued at US$ 188.73 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.
The global dental suture market is expected to witness high growth. North America region currently dominates the market owing to high prevalence of dental disorders and rising expenditure on oral healthcare in countries like the US and Canada. Asia Pacific region is expected to witness fastest growth during the forecast period attributed to rapidly growing economies of India and China leading to increase in healthcare spending and focus on development of healthcare infrastructure in the region.
Key players operating in the dental suture market are Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting Solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
