In an effort to improve their market share and reduce costs for the product development, medical device companies have been taking the route of mergers and acquisitions in recent years. One of the notable acquisitions that was announced recently was Medtronic's proposed acquisition of Heartware. With this acquisition, Medtronic has marked its entrance into the ventricular assist device (VAD) market. St. Jude's acquisition of Thoratec in 2015 was also a similar one. Now that Abbott Laboratories is acquiring St. Jude Medical, it will also be able to gain foothold in the VAD market.
