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Sorin Group

Full company profile

uuid000a8vr

Namestring
Sorin Group
Websiteurl
sorin.com
Company typeenum
Private
Founded yearint
2004
Descriptiontext

Sorin Group was a Milan-headquartered global medical device company specializing in the treatment of cardiovascular diseases. Its core product portfolio included tissue heart valves and heart-lung bypass (perfusion) machines, devices used by cardiac surgeons, perfusionists, and hospitals performing open-heart surgery and valve replacement procedures. With a workforce of 5,001-10,000 employees, the company operated at the scale required for global manufacturing, regulatory compliance across the U.S. and EU, and clinical evidence generation typical of Class III implantable and capital cardiovascular equipment. The company is identified as a key industry participant alongside Medtronic, Edwards Lifesciences, Abbott, Terumo, Maquet, Getinge, and LivaNova.

The company's business model was that of a traditional medical device manufacturer: it developed, manufactured, and sold regulated cardiac surgery products to hospitals and healthcare systems globally, monetizing through capital equipment sales (heart-lung bypass machines) and recurring implantable revenue (tissue heart valves). Go-to-market relied on direct sales relationships with cardiac surgery centers and surgeon training programs. Strategic activity over its independent life included the 2010 acquisition of Gish Biomedical and the 2014 acquisition of Oscor, both aimed at broadening the cardiac surgery product portfolio.

In 2015, Sorin Group ceased to exist as an independent entity through an all-stock merger with Cyberonics valued at approximately $2.7 billion, combining to form LivaNova PLC. Successor products associated with Sorin's heritage — such as the Essenz Perfusion System — continue to appear on the LivaNova product portfolio, indicating that the cardiac surgery franchise was retained within the combined company rather than divested.

Short descriptiontext

Sorin Group was a Milan-headquartered global medical device company specializing in cardiovascular products, including tissue heart valves and heart-lung bypass machines, serving cardiac surgery hospitals and surgeons worldwide until its 2015 merger with Cyberonics to form LivaNova PLC.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersMilan, Italy
HQ citystring
Milan
HQ countrystring
Italy
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
cardiopulmonary medical devices, tissue heart valves, heart-lung bypass machines, cardiovascular surgery equipment, cardiac surgery devices
Industry1 code
1Structural Heart Valves (TAVR/SAVR) & Valve Repair
CodeHLAHAFABPrimaryYes
NAICS code1 code
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
SIC code1 code
  • Orthopedic, Prosthetic & Surgical Appliances & Supplies3842
Product category
Cardiovascular Medical Devices
Social media profiles2 records
Cost components6 values
Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Sorin Group is a global medical device company that designs, manufactures, and sells cardiovascular products, with a core focus on tissue heart valves and heart-lung bypass machines used in cardiac surgery. The company served hospitals and cardiac surgery centers worldwide as a key participant in the cardiovascular medical devices market alongside major players such as Medtronic, Edwards Lifesciences, Boston Scientific, and Abbott. Sorin Group operated as an independent entity until its 2015 merger with Cyberonics to form LivaNova PLC.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Sorin Group operates in the cardiac medical devices sector, specifically in the tissue heart valves and heart-lung bypass machine markets. The company is identified as a market participant in cardiovascular surgery devices and equipment, competing alongside major industry players such as Medtronic, Boston Scientific, Edwards Lifesciences, and Abbott. Specific product names, models, and technical specifications are not detailed in the available source materials.

Product and service1 record
1Tissue Heart Valves
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Edwards Lifesciences is a direct peer in tissue and transcatheter heart valves; the company data explicitly lists Edwards as a competitor to Sorin Group in the tissue heart valves market alongside Medtronic, Boston Scientific, and Abbott.

TypeDirect peer
Description

Medtronic is named in both the heart-lung bypass and tissue heart valves scale_commentary entries as a direct competitor to Sorin Group; the two companies overlap in cardiac surgery devices, heart valves, and cardiopulmonary equipment.

TypeDirect peer
Description

LivaNova is the direct successor entity formed by the 2015 merger of Sorin Group and Cyberonics; it now owns and operates Sorin's former cardiac surgery, heart valve, and cardiopulmonary businesses, including the Essenz Perfusion System highlighted on its website.

TypeDirect peer
Description

Terumo is listed in source as a key competitor to Sorin Group in the heart-lung bypass machine market and is a direct competitor in cardiopulmonary perfusion equipment and oxygenators.

TypeDirect peer
Description

Maquet Cardiopulmonary (now part of Getinge) is listed alongside Sorin Group as a key player in the heart-lung bypass machine market; the two compete directly in cardiopulmonary bypass and perfusion systems.

TypeBroad incumbent
Description

Abbott is named in source as a competitor to Sorin Group in the tissue heart valves market; it is a broader incumbent across cardiovascular devices, structural heart, and hospital products.

TypeBroad incumbent
Description

Boston Scientific is cited in source as a competitor to Sorin Group in the tissue heart valves market; it is a broad incumbent in interventional cardiology and structural heart devices.

TypeEmerging player
Description

CryoLife is listed in source as a peer in the tissue heart valves market; it is a smaller, focused competitor in cardiac and vascular preserved tissue and valves.

TypeEmerging player
Description

JenaValve Technology is referenced in source as a peer in the tissue heart valves market; it is an emerging, niche player focused on transcatheter aortic valve repair for aortic regurgitation.

TypeRegional player
Description

MicroPort is a cardiovascular device competitor through its cardiac surgery and structural heart businesses and is comparable in scope to Sorin's cardiac surgery portfolio, primarily serving Asia-Pacific rather than overlapping directly with Sorin's European base.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment4 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Sorin Group

Cardiovascular Medical Devicessorin.com

Sorin Group was a Milan-headquartered global medical device company specializing in cardiovascular products, including tissue heart valves and heart-lung bypass machines, serving cardiac surgery hospitals and surgeons worldwide until its 2015 merger with Cyberonics to form LivaNova PLC.

What Sorin Group does

Sorin Group was a Milan-headquartered global medical device company specializing in the treatment of cardiovascular diseases. Its core product portfolio included tissue heart valves and heart-lung bypass (perfusion) machines, devices used by cardiac surgeons, perfusionists, and hospitals performing open-heart surgery and valve replacement procedures. With a workforce of 5,001-10,000 employees, the company operated at the scale required for global manufacturing, regulatory compliance across the U.S. and EU, and clinical evidence generation typical of Class III implantable and capital cardiovascular equipment. The company is identified as a key industry participant alongside Medtronic, Edwards Lifesciences, Abbott, Terumo, Maquet, Getinge, and LivaNova.

The company's business model was that of a traditional medical device manufacturer: it developed, manufactured, and sold regulated cardiac surgery products to hospitals and healthcare systems globally, monetizing through capital equipment sales (heart-lung bypass machines) and recurring implantable revenue (tissue heart valves). Go-to-market relied on direct sales relationships with cardiac surgery centers and surgeon training programs. Strategic activity over its independent life included the 2010 acquisition of Gish Biomedical and the 2014 acquisition of Oscor, both aimed at broadening the cardiac surgery product portfolio.

In 2015, Sorin Group ceased to exist as an independent entity through an all-stock merger with Cyberonics valued at approximately $2.7 billion, combining to form LivaNova PLC. Successor products associated with Sorin's heritage — such as the Essenz Perfusion System — continue to appear on the LivaNova product portfolio, indicating that the cardiac surgery franchise was retained within the combined company rather than divested.

Sorin Group firmographics

Firmographics
Name
Sorin Group
Website
https://sorin.com
Company type
Private
Founded year
2004
Operating status
Acquired
Headcount range
5,001–10,000 employees
Short description
Sorin Group was a Milan-headquartered global medical device company specializing in cardiovascular products, including tissue heart valves and heart-lung bypass machines, serving cardiac surgery hospitals and surgeons worldwide until its 2015 merger with Cyberonics to form LivaNova PLC.
Ownership category
akta.pro rank

Sorin Group industry classification

Industry
Product category
Cardiovascular Medical Devices
NAICS
Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
SIC
Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)
akta.pro primary industry
Structural Heart Valves (TAVR/SAVR) & Valve Repair (HLAHAFAB)

Keywords

  • Cardiopulmonary medical devices
  • Tissue heart valves
  • Heart-lung bypass machines
  • Cardiovascular surgery equipment
  • Cardiac surgery devices

Where Sorin Group is headquartered

Location

Headquarters

HQ city
Milan
HQ country
Italy
HQ region
Europe

Markets served

Sorin Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Sorin Group product offering

Product offering

Core offering

Sorin Group is a global medical device company that designs, manufactures, and sells cardiovascular products, with a core focus on tissue heart valves and heart-lung bypass machines used in cardiac surgery. The company served hospitals and cardiac surgery centers worldwide as a key participant in the cardiovascular medical devices market alongside major players such as Medtronic, Edwards Lifesciences, Boston Scientific, and Abbott. Sorin Group operated as an independent entity until its 2015 merger with Cyberonics to form LivaNova PLC.

Product overview

Sorin Group operates in the cardiac medical devices sector, specifically in the tissue heart valves and heart-lung bypass machine markets. The company is identified as a market participant in cardiovascular surgery devices and equipment, competing alongside major industry players such as Medtronic, Boston Scientific, Edwards Lifesciences, and Abbott. Specific product names, models, and technical specifications are not detailed in the available source materials.

Differentiator

Problem solved

Functional benefit

Products and services

  • Tissue Heart Valves

Companies that use Sorin Group

Customer profile

Ideal customer profiles1 record

Sorin Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Sorin Group partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Sorin Group competitors and assessment

Company assessment

Direct peers

  • Edwards Lifesciences: Edwards Lifesciences is a direct peer in tissue and transcatheter heart valves; the company data explicitly lists Edwards as a competitor to Sorin Group in the tissue heart valves market alongside Medtronic, Boston Scientific, and Abbott.
  • Medtronic: Medtronic is named in both the heart-lung bypass and tissue heart valves scale_commentary entries as a direct competitor to Sorin Group; the two companies overlap in cardiac surgery devices, heart valves, and cardiopulmonary equipment.
  • LivaNova: LivaNova is the direct successor entity formed by the 2015 merger of Sorin Group and Cyberonics; it now owns and operates Sorin's former cardiac surgery, heart valve, and cardiopulmonary businesses, including the Essenz Perfusion System highlighted on its website.
  • Terumo Corporation: Terumo is listed in source as a key competitor to Sorin Group in the heart-lung bypass machine market and is a direct competitor in cardiopulmonary perfusion equipment and oxygenators.
  • Getinge Group (Maquet Cardiopulmonary): Maquet Cardiopulmonary (now part of Getinge) is listed alongside Sorin Group as a key player in the heart-lung bypass machine market; the two compete directly in cardiopulmonary bypass and perfusion systems.

Broad incumbents

  • Abbott Laboratories: Abbott is named in source as a competitor to Sorin Group in the tissue heart valves market; it is a broader incumbent across cardiovascular devices, structural heart, and hospital products.
  • Boston Scientific: Boston Scientific is cited in source as a competitor to Sorin Group in the tissue heart valves market; it is a broad incumbent in interventional cardiology and structural heart devices.

Emerging players

  • CryoLife: CryoLife is listed in source as a peer in the tissue heart valves market; it is a smaller, focused competitor in cardiac and vascular preserved tissue and valves.
  • JenaValve Technology: JenaValve Technology is referenced in source as a peer in the tissue heart valves market; it is an emerging, niche player focused on transcatheter aortic valve repair for aortic regurgitation.

Regional players

  • MicroPort Scientific: MicroPort is a cardiovascular device competitor through its cardiac surgery and structural heart businesses and is comparable in scope to Sorin's cardiac surgery portfolio, primarily serving Asia-Pacific rather than overlapping directly with Sorin's European base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Sorin Group social profiles

Digital presence

Sorin Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Sorin Group leadership team

Management profile

Number of profiles

Sorin Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Sorin Group M&A and investment

M&A and investment

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sorin Group

What does Sorin Group do?

Sorin Group is a global medical device company that designs, manufactures, and sells cardiovascular products, with a core focus on tissue heart valves and heart-lung bypass machines used in cardiac surgery. The company served hospitals and cardiac surgery centers worldwide as a key participant in the cardiovascular medical devices market alongside major players such as Medtronic, Edwards Lifesciences, Boston Scientific, and Abbott. Sorin Group operated as an independent entity until its 2015 merger with Cyberonics to form LivaNova PLC.

Is Sorin Group a public or private company?

Sorin Group is a private company. It is classified as unknown and is currently acquired.

When was Sorin Group founded?

Sorin Group was founded in 2004. It employs 5,001 to 10,000 people.

Where is Sorin Group based?

Sorin Group is headquartered in Milan, Italy, in the Europe region.

Who are Sorin Group's main competitors?

Direct peers on record are Edwards Lifesciences, Medtronic, LivaNova, Terumo Corporation and Getinge Group (Maquet Cardiopulmonary). Broad incumbents are Abbott Laboratories and Boston Scientific. Emerging players are CryoLife and JenaValve Technology. MicroPort Scientific is listed as a regional player.

Does Sorin Group have an API?

No public API is recorded for Sorin Group.

What industry is Sorin Group in?

Sorin Group's product category is Cardiovascular Medical Devices. Its primary akta.pro industry code is HLAHAFAB, Structural Heart Valves (TAVR/SAVR) & Valve Repair. Its NAICS code is 334510 and its SIC code is 3842.

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PrtimesArtificial Heart Lung Machine Market Growth, Trends Analysis, and Forecast Outlook to 2034 – PR TimesThe Insight Partners has published a market research report projecting significant growth in the global artificial heart-lung machine market through 2031, driven by increasing cardiovascular disease prevalence, rising cardiac surgeries, and healthcare infrastructure advancements. The report identifies North America as the current market leader due to advanced healthcare infrastructure and favorable reimbursement policies, while the Asia-Pacific region, particularly China, India, and Japan, is expected to witness substantial growth. Key players including Medtronic, Sorin Group, MAQUET, Terumo Corporation, Edwards Lifesciences, and others are investing in product innovation to expand their global footprint in this market.PR NewswireGlobal Protein Labeling Market 2017-2021 with Boston Scientific, Medtronic, Sorin, St. Jude Medical & Terumo DominatingResearch and Markets has added the "Global Protein Labeling Market 2017-2021" report to its offerings, covering the market landscape, vendors, growth drivers, and trends. The global protein labeling market is projected to grow at a CAGR of 10.47% during the forecast period, driven by increasing advances in proteomics research and emerging trends in post-translational modification monitoring. Key challenges include the high cost of equipment, particularly affecting small and medium-scale laboratories in developing regions.PR NewswireGlobal Extracorporeal Membrane Oxygenation (ECMO) System Market Projected to be a USD 299.2 million Market by 2021, at a developing CAGR of 4.0%MicroMarket Monitor published a market research report projecting the global ECMO system market will grow from USD 235.9 million in 2015 to USD 299.2 million by 2021, representing a CAGR of 4.0%. Growth drivers include an aging population, rising respiratory and cardiopulmonary disease cases, growing physician awareness, and technological advancements, while high ECMO system costs and the availability of conventional treatment alternatives serve as market restraints. North America dominated the market with approximately 45% share in 2014, and the report identifies key players including Medtronic, Terumo, MicroPort, Maquet, Sorin Group, Medos, and Nipro among others.NeurotechreportsCyberonics Sorin merger, Medtronic Covidien, neurotech industry M&A activity, tax code, sleep apnea market, ImTheraThe author argues that 2015 is shaping up as a year of mega-mergers in neurotechnology, citing Cyberonics' planned merger with Sorin and Medtronic's recently closed acquisition of Covidien. He speculates the combined firm may target sleep apnea companies ImThera and Respicardia, and pain neuromodulation startups such as Nevro, Saluda Medical or Stimwave. He also criticizes U.S. tax policy as a driver of American device firms' European relocation.FinSMEsSorin Group and Versant Ventures Join MD Start as ShareholdersMD Start, a Lausanne-based medical device incubator, added Sorin Group and Versant Ventures as shareholders. The incubator, founded by Tim Lenihan and Gérard Hascoët, aims to accelerate European medical device development. It previously partnered with Medtronic to identify early-stage technologies.GlobeNewswireCytomedix Acquires Angel Whole Blood Separation System and activAT Autologous Thrombin Processing Kit From Sorin Group for $7 MillionCytomedix acquired Sorin's Angel Whole Blood Separation System and activAT Autologous Thrombin Processing Kit for $7 million in cash over 2.5 years. The products generated about $5 million in 2009 sales, and Cytomedix raised $3.65 million in a private placement to fund the purchase and working capital.GlobeNewswireGetinge announces that Datascope's EVH business will be sold to Sorin GroupGetinge announced a public tender offer to acquire Datascope Corp, with German competition authority approval granted on October 24, 2008. Datascope agreed to sell its EVH business to Sorin Group, contingent on the acquisition closing and U.S. competition authority review.GlobeNewswireDatascope Announces Execution of Agreement to Sell EVH Product Line to Sorin GroupDatascope Corp. announced it executed an agreement to sell its endoscopic vessel harvesting product line to Sorin Group, with terms undisclosed. The deal is contingent on the closing of Datascope's acquisition by Getinge AB and other conditions, and will be submitted to the FTC for review.GlobeNewswireDatascope Acquires Peripheral Vascular Stent Business of the Sorin GroupDatascope acquired Sorin Group's peripheral vascular stent business, gaining worldwide marketing rights. Q4 fiscal 2008 sales are expected to rise 27% to an annualized $6.6 million. The company estimates a $800 million worldwide market, with growth projected to over $1 billion by 2012.