Top 5 Artificial Heart Market Related Trends To Keep In View.




The global artificial heart market is expected to grow at a CAGR of 8.51% during the forecast period. Some of the prominent artificial heart market vendors include Abbott, Abiomed Inc., Medtronic, ReliantHeart Inc., SynCardia Systems LLC, and among others. 

The global artificial heart market is witnessing an increasing trend of strategic acquisitions. In January 2017, Abbott completed the acquisition of St. Jude Medical Inc. This acquisition has helped Abbott strengthen its product portfolio with several products, including the HeartMate 3 LVAD and HeartMate II LVAD. In August 2016, Medtronic completed the acquisition of HeartWare International. This acquisition has helped Medtronic expands its product portfolio with HeartWare International’s miniaturized implantable heart pumps and VAD devices. 

In October 2015, St. Jude Medical completed the acquisition of Thoratec Corp. This acquisition has helped St. Jude Medical to strengthen its product portfolio with several products, including HeartMate 3 LVAD and HeartMate II LVAD. The trend of strategic acquisitions is expected to continue by the vendors in the global artificial heart market to increase their market presence, strengthen distribution network, and acquire new technologies. 

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