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The absorbable sutures market will register a CAGR of over 4% by 2023

NEW YORK, April 29, 2019 /PRNewswire/ -- About this market
Increase in number of surgeries with growth in older population will drive the growth of the market. The older people are increasing with the rise in life expectancy. The rising aging population presents several health challenges and is likely to influence healthcare spending patterns in both developed and developing countries. Rising aging population will increase number of surgeries performed which will lead to increased demand for surgical tools and equipment including absorbable sutures. Analysts have predicted that the absorbable sutures market will register a CAGR of over 4% by 2023.

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Market Overview
Advantages of absorbable sutures over other suture types
The absorbable sutures provide temporary incision support as they maintain their tensile strength as long as needed during the healing process. Advantages of absorbable sutures over non absorbable sutures make them more popular among surgeons and health care professionals and thereby, fuels the growth of the market.

Availability of alternatives
A variety of alternatives to sutures like staples, adhesives, and wound closure tapes are available since technological advances has impacted all fields of medicines. Therefore, the presence of such alternatives and their benefits can hamper the growth of the global absorbable sutures market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the absorbable sutures market during 2019-2023, view our report.

Competitive Landscape
The market appears to be concentrated and with the presence of few companies. Factors such as the increase in number of surgeries with growth in older population and advantages of absorbable sutures over other suture types, will provide considerable growth opportunities to absorbable sutures manufactures. B. Braun Melsungen AG, Boston Scientific Corporation, DemeTECH Corporation, Johnson & Johnson Services Inc., Medtronic, and Teleflex Incorporated are some of the major companies covered in this report.

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