June 16, 2024
Dental Suture Market

The Global Dental Suture Market is Estimated to Witness High Growth Owing to Rising Incidences of Dental Conditions

The dental suture market involves products such as absorbable sutures and non-absorbable sutures which are used to close wounds during dental surgical procedures. Dental sutures help to hold tissues together after surgery and allow them to heal properly. They provide accurate tissue alignment and wound closure. The rising incidences of dental diseases and conditions such as dental caries, periodontal diseases have increased the need for various dental surgical procedures which is driving the demand for dental sutures.

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 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. These players are focusing on new product launches and geographical expansions to gain more revenue shares in this market.

The key opportunities in the dental suture market include increasing adoption of surgical procedures, untapped growth potential in developing regions, and development of advanced dental sutures. Continuous research and development is also helping to develop advanced sutures with better absorbability and strength.

Globally, the Asia Pacific region is expected to witness highest growth in the dental suture market owing to rising medical tourism, rapidly improving healthcare infrastructure, and growing clinical expertise in the region. The presence of less stringent regulations and lower production costs encourages manufacturing activities in the region.

Market Drivers

The rising geriatric population globally is one of the major drivers of the dental suture market. Older people are more prone to dental diseases and conditions like periodontitis that often require surgical procedures. According to WHO, the global geriatric population is expected to reach 2 billion by 2050 from 900 million in 2015. This will significantly increase the demand for dental sutures. Moreover, the increasing investments by market players for product innovations to develop advanced sutures is also boosting the market growth.

PEST Analysis

Political: The dental suture market is regulated by government agencies to ensure product quality and effectiveness. Regulations may impact product approvals and availability.

Economic: Consumer spending on oral healthcare has been increasing as awareness about dental health rises. However, economic slowdowns could impact discretionary spending on dental procedures.

Social: Rising focus on aesthetics and appearance has increased demand for reconstructive and cosmetic dental procedures necessitating sutures. Also, growing geriatric population drives demand due to higher susceptibility to dental issues.

Technological: Advancements in materials used for sutures enable development of sutures that dissolve faster and cause less discomfort. 3D printing technologies offer possibilities for customized suture designs for specific oral procedures.

The geographical regions where the dental suture market is concentrated in terms of value include North America and Europe. These regions have established dental healthcare systems and awareness levels about oral health are high resulting in greater consumption of dental consumables including sutures.

The Asia Pacific region is considered the fastest growing market for dental sutures. Factors such as rising income levels, expanding medical tourism industries and large patient pools are driving the high growth. China, India and other Asian countries are witnessing heightened investment in dental services fueled by improving access and affordability of oral healthcare. This is positively impacting the usage of dental consumables like sutures in the region.

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