CARDIAC ASSIST DEVICES MARKET ANALYSIS

Market News

Key Developments

1. Key companies in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in October 2018, Teleflex Incorporated, a provider of specialty medical devices, acquired Essential Medical, Inc., a U.S.-based medical device company. The acquisition will give Teleflex access to Essential Medical’s CE marked MANTA Vascular Closure Device, which is used for cardiac assist.
2. Key players in the market are focused on various business strategies such as gaining product approval from regulatory authorities, in order to enhance the market presence. For instance, in September 2017, Abiomed, a manufacturer of medical implant device, received the U.S. Food and Drug Administration (FDA) approval for Impella RP System, which is a heart pump and is used in treatment of right heart failure.
3. Major companies in the market are involved in different growth strategies such as product launched, in order expand their product portfolio and gain competitive edge in the market. For instance, in May 2017, Teleflex Incorporated, a provider medical devices, launched New Arrow AC3 Optimus Intra-Aortic Balloon Pump. This novel device the cardiologists tools to handle routine as well as complex heart cases.