June 14, 2024
Dental Suture Market

The Dental Suture Market is Poised for Growth Driven by Rising Geriatric Population

The Dental Suture Market involves the use of sutures or stitches made from surgical gut or synthetic materials to hold gums, connective tissue or other structures following dental surgery or periodontal procedures. Dental sutures provide several advantages such as enabling fast healing of wounds and preventing blood loss during surgery. The growing prevalence of oral diseases and increasing number of dental procedures are fueling the demand for dental sutures globally.

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 Demand 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.

The rising geriatric population globally is resulting in higher number of dental surgical procedures, thus driving the demand for dental sutures. With increasing age comes higher risks for oral health issues like gum diseases that often require stitches.

Geographic expansion into emerging countries is one of the key strategies adopted by leading companies in the dental suture market. Regions like Asia Pacific and Middle East & Africa are seeing high growth owing to rising incomes, improving access to dental care and increasing awareness about oral hygiene.

Market Key Trends

One of the major trends in the dental suture market is the growing demand for resorbable sutures made from materials like polyglycolic acid that dissolve and do not require removal. Compared to non-resorbable sutures, resorbable sutures offer advantages like reduced risk of infection and less discomfort to patients. Their adoption is increasing globally as awareness rises about their benefits.

Porter’s Analysis

Threat of new entrants: Low start up costs and high demand in the market makes it easy for new players to enter.

Bargaining power of buyers: Large number of buyers and lack of product differentiation gives buyers more power to negotiate lower prices.

Bargaining power of suppliers: Few global players in the suture industry makes suppliers have higher bargaining power to negotiate better deals.

Threat of new substitutes: Technology advancements allow for new techniques to replace sutures such as laser and staples.

Competitive rivalry: Intense competition among existing players to gain more market share.

Geographical Regions

North America accounts for the largest share of the dental suture market in terms of value due to high dental care expenditure and supportive healthcare infrastructure in the region.

Asia Pacific region is expected to be the fastest growing market for dental sutures driven by increasing healthcare spending, growing dental disorders, and rising medical tourism in nations such as India and China.

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