According to a recent study report published by the Market Research Future analysts, the global dental suture market is growing at a moderated pace; mainly due to growing edentulous population, rising disposable income, increasing incidences of dental cases and other periodontal diseases. According to FDI World Dental Federation, more than 80% of people in Asia including India, Bangladesh, Nepal, Malaysia, and Indonesia suffer from dental decay. Furthermore, 40%-59% of population in China and Australia suffer from dental decay. This high prevalence of dental decay in the world wide triggers the demand for dental sutures, which in turns helps the market to flourish.
On the other hand, factors such as inadequate reimbursement and problems associated with dentures may hinder the growth of the market up to some extent. In few Asian countries, there is no government reimbursement for dental care. The private insurers also do not cover the cost of full procedure of dental implantation. This leads to high out of pocket expenditure for dental healthcare. The retired people who are the major consumers of dentures find it difficult to afford full denture without the presence of proper reimbursement.
The market also possesses significant growth opportunities which include increasing focus on cosmetic dentistry. Cosmetic dentistry aims to improve the appearance of individual’s oral appearance. Due to rising disposable income people are more focusing on cosmetic dentistry. Dentists opt for various types of dental sutures for improving the appearance of the patients. This rising inclination of Global population towards cosmetic dentistry is likely to open array of opportunities for the dental suture market.
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Global Dental Suture Market – Competitive Analysis
Osteogenics Biomedical, Ergon Sutramed S.P.A., Assut Europe S.P.A., Ethicon US, LLC., Surgical Specialties Corporation, Shandong Sinorgmed Co.,LTD, B. Braun Melsungen AG, Demetech Corporation, and Hygitech SAS are some of the prominent players at the forefront of competition in the global dental suture market and are profiled in MRFR Analysis.
The dental suture industry has turned into a critical and element power in Global dental industry. Through extensive research it is found out that the market players have adopted the strategy of making acquisition and agreements by acquiring various market shares and rights and involving them in agreements with other dental organization for the branding of the product. Update and launches was the second most widely adopted strategy which was adopted by the key market players.
In August 2016, Ethicon US, LLC had announced the strategic collaboration with Touch Surgery that will help patient with free mobile app that can reach medical help in even remote regions.
In August 2016, Ethicon US, LLC announced the launch of unmatched knotless suture portfolio with launch of stratafix spiral plus devices. With this addition of this new suture technology the company has established the most comprehensive and unmatched knotless suture offering available to surgeons in the U.S.
In July 2016, Osteogenics Biomedical announced the acquisition of exclusive North American distribution rights for the premium German dental suture brand, Resorba®. Resorba is a leading manufacturer of suture in Germany i.e. specialized in dental suture.
In June 2016, B. Braun Melsungen AG announced that it has acquired 51% of DIALY SER S.A.S., Colombia
In Jan 2016, Surgical Specialties Corporation announced that it has acquired all the shares of leading German needle and suture manufacturer; FSSB Chirurgische Nadein GMBH (FSSB). This acquisition will create the company one of the leaders in manufacturing surgical suture in the world.
In August 2014, Osteogenics Biomedical launched newest enhancement to PTFE membranes product line. The company introduces T2 configuration to PTFE membrane that allow for convenient buccal fixation points outside the defect area, eradicating the need to aggressively trim a larger membrane.
Global Dental Suture Market – Regional Analysis
North America is the largest market for dental suture. The large size of the market can be attributed to higher adoption of various dental suture devices coupled with presence of technologically advanced products. Moreover, the high disposable income of the region also enables the professionals to opt for such devices. Dentistry in the North America is in a condition of change with increasing population having periodontal diseases. The health care transmission framework is changing quickly with the execution of Affordable Care Act. In Europe there exists a well-established oral healthcare system which functions within National Health Services. The dental healthcare industry is booming in Europe and as a result of which there is increasing need of greater reforms and policies to ensure better oral health to the masses. The political scenario of Europe is moderate. Countries such as Germany, France, and the U.K. have stable governments and high healthcare spending. In Asia-Pacific there is wide range of opportunities for dental suture market due to the presence of developing countries. Asia Pacific is one of the fastest growing market for dental sutures.
Key Finding
- The global dental suture market and is expected to reach $779.1 million by 2027.
- Interrupted suture holds the largest share of 57.6% of the global dental suture market.
- North America holds the largest market share of 34.5% of global dental suture market and is anticipated to reach $248.8 million by the end of forecast period.
- Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 6.6% during the forecast period.
- Non-Absorbable segment holds the largest market share in 2015, and expected to continue the similar growth throughout the forecast period.
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