ADULT AND PEDIATRIC HEMOCONCENTRATORS MARKET ANALYSIS
Furthermore, key players in the market are involved in strategic merger and acquisition activities in order to strengthen their position in the market and to gain higher market share in global adult and pediatric hemoconcentrators market. For instance, in 2015, Italy-based Sorin S.p.A—a manufacturer of hemoconcentrators with presence in France, Italy, Japan, and Texas—merged with U.S.-based company, Cyberonics, Inc., to form a company named LivaNova, Plc. With this, the merged company is expected to strengthen and expand its presence in the global market.
The U.S. Food and Drug Administration (FDA) regulates and grants approval to hemoconcentrator and the U.S. FDA also recalls products in case of any problem in device. For instance, in 2015, the U.S. Food and Drug Administration recalled Terumo Custom Cardiovascular Procedure Kit X-Coated Adult Pak. The custom cardiovascular procedure kits contain recalled component, Medivators HPH700, the high performance hemoconcentrators.
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