Due to rising disposable income people are more focusing on cosmetic dentistry. Dentists opt for various types of dental sutures for improving patient care. This rising inclination of the global population towards cosmetic dentistry is likely to open array of opportunities for the dental suture market.
Dental sutures are stitches used to secure the surgical flaps until it can withstand normal stresses and resist reopening of the wound to promote healing. The global dental suture market is anticipated to grow at a rate of about 20.0 % from 2016 to 2027.
Rise In Risk Factors And Awareness Are Expected To Result in Indirect Demand
The increase in risk factors such as growing the aging population, increasing incidences of dental caries and other periodontal diseases, increasing consumption of sugar and fat rich foods are generating additional market demand. The rising disposable income coupled with growth in dental industry are other drivers driving growth.
Growing Dentist Procedures Is Expected To Drive A Significant Demand
According to the American Dental Association, in 2015, 52.3 % of adults reported visiting the dentist every six months, 15.4% reported once per year, and 11.0% reported once every two to three years. The above statistics provide reasonable assurance to comprehend that the market for dental sutures is flourishing.
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High Cost And Poor Distribution Efficiency Hampering The Market
The high cost of the dental sutures, coupled with poor reimbursements reflected by high out-of-pocket costs is hampering the market. According to the FDI World Dental Federation, estimates out-of-pocket costs represent approximately 55 % of total dental care spending, with comparative figures for general health care amounting to just 20 %.
Regional Analysis of Dental Suture Market:
North America led by the U.S. is the largest market for dental suture owing to higher healthcare expenditure, and the presence of technologically advanced products. North America accounts for the most significant market share of 34.5 % of the market, which is projected to reach $248.8 million by the end of the forecast period. Europe holds the second largest market due to the presence of significant medical devices industry of Germany.
Asia Pacific market is anticipated to be the fastest-growing market for dental sutures, which is expected to grow at the rate of 6.6 %.
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Some of the major players in this market are B. Braun Melsungen AG (Germany), Assut Europe S.P.A. (Italy), Osteogenics Biomedical (U.S), Ergon Sutramed S.P.A. (Italy), Ethicon US, LLC. (U.S), Surgical Specialties Corporation (U.S), Demetech Corporation (U.S), Shandong Sinorgmed Co., LTD (China), Hygitech SAS (Paris) and others.
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