July 13, 2024

Dental Wound Dressings Market is Estimated To Witness High Growth Owing To Rising Number of Dental Procedures

The dental wound dressings market is estimated to be valued at US$ 21.5 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Dental wound dressings are materials used to cover and protect wounds and ulcers in the oral cavity after dental procedures like tooth extraction, dental implants, etc. They prevent contamination and promote healing. Common dental wound dressings include gauze, fibers, and hydrogels. They provide an optimal environment for soft and hard tissue healing by maintaining a moist wound surface and protecting the wound from trauma.

Market key trends:
Rising number of dental procedures is driving the growth of the dental wound dressings market. According to the American Dental Association, around 200 million procedures are performed annually in the U.S. alone. Growing prevalence of dental caries and periodontal diseases has increased the demand for various restorative and surgical procedures. Post-procedural wound care is crucial for proper healing and preventing infection. Wound dressings thus see increased adoption. Technological advancements are also being made in dressing materials. For example, novel wound dressings incorporating antimicrobials, growth factors and other bioactive compounds are being developed to enhance healing and prevent infection.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the dental wound dressings market requires high capital investments for manufacturing facility and research and development expertise. Bargaining power of buyers: The bargaining power of buyers is high in the dental wound dressings market due to the presence of many established players providing a variety of products. Bargaining power of suppliers: The bargaining power of suppliers is high as the key raw materials such as collagen and alginate require specific handling protocols and scientific expertise. Threat of new substitutes: The threat of substitutes is low as there are limited alternative products that can provide effective wound healing for dental procedures. Competitive rivalry: is high due to the presence of global established players.

SWOT Analysis
Strength: Dental wound dressings provide effective wound healing and pain relief. Improved dressing technologies allow fast healing.
Weakness: High costs associated with advanced dressings. Lack of awareness regarding availability and benefits of new dressing technologies in developing nations.
Opportunity: Rising demand for cost-effective treatments and preventive care in Asia Pacific and Latin America. Increasing cases of dental issues globally due to changing food habits and lifestyles.
Threats: Stringent regulatory approvals and quality standards delay product launches. Reimbursement issues hinder market growth in developing regions.

Key Takeaways
The global Global Dental Wound Dressings Market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing prevalence of dental diseases. The Asia Pacific region is projected to witness fastest growth in the dental wound dressings market during the forecast period due to rising demand for dental treatments in emerging economies such as China, India, and South Korea.

Regional analysis: North America dominated the global dental wound dressings market in 2023, owing to the increasing number of dental procedures and a well-established healthcare infrastructure. Asia Pacific is anticipated to be the fastest-growing regional market between 2023 and 2030 due to rising awareness about oral hygiene and growing medical tourism.

Key players operating in the dental wound dressings market are Sabra Dental, Collagen Matrix, Cologenesis Healthcare Pvt. Ltd., Novabone, and Kerr Dental. These players are focusing on new product launches and partnerships with large healthcare providers and hospitals to strengthen their market position.

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