Market Overview:
Dental sutures are sterile surgical threads used to close wounds in the oral cavity after dental procedures like tooth extraction, implant surgery and periodontal surgery. They help bring the edges of a surgical wound together and allow it to heal properly. Absorbable sutures made of collagen, polyglactin or polydioxanone are most commonly used as they dissolve within 1-2 weeks as the wound heals, avoiding the need for removal. Compared to non-absorbable sutures like nylon or polypropylene, absorbable sutures are preferred by patients and dentists due to convenience and reduced risk of infection.
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 in the dental suture market is the growing adoption of fast absorbing sutures. Fast absorbing sutures dissolve within 7-10 days, helping reduce chair side time for dentists and avoiding discomfort to patients from suture removal. Companies are also introducing disposable suture kits containing sterile needles and sutures, reducing biological contamination risks. Advancements in suture materials allow production of ultra-fine calibrated sutures, enabling precision closure of soft tissues in the oral cavity. Increasing awareness about oral healthcare and rise in dental procedures are some other factors expected to drive the growth of the dental suture market during the forecast period.
Porter’s Analysis
Threat of new entrants: The dental suture market requires high investment costs for R&D, manufacturing, and distribution networks. Established brands and regulations create barriers for new companies.
Bargaining power of buyers: Individual buyers have low bargaining power due to the availability of several product options at competitive prices. However, large healthcare institutions and group purchasing organizations have significant influence on pricing.
Bargaining power of suppliers: The dental suture market has the presence of multiple global and local suppliers. This gives buyers options and reduces suppliers’ bargaining power.
Threat of new substitutes: There exists substitutes like staples and glues. However, sutures have well-established use and acceptance in dental procedures.
Competitive rivalry: The global dental suture market is highly competitive with the presence of various international and local players. Players focus on new product innovations, geographic expansion, and mergers and acquisitions for competitive advantage.
Key Takeaways
The Global Dental Suture Market Size was valued at US$ 188.73 Mn in 2023 and is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period due to the increasing number of dental surgeries, trauma cases, and aging population.
The North America region dominated the market with the highest revenue share in 2023 due to the growing importance of oral healthcare, adoption of advanced dental procedures, and presence of leading players in the region. Asia Pacific is anticipated to be the fastest-growing market during the forecast period supported by growing medical tourism, favorable demographics, and improving access to advanced dental therapies.
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. Players focus on new product innovations, receiving approvals for advanced products and increasing their geographic presence globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it