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September 21, 2021updated 01 Feb 2022 10:41am

Is the medical sector seeing the beginnings of a cloud investment boom?

The medical industry is seeing changes in cloud investment across several key metrics, according to an analysis of GlobalData figures.

By Data Journalism Team

The medical industry is seeing changes in cloud investment across several key metrics, according to an analysis of GlobalData figures.

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What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
  • Understanding value and volume trends in M&A from Q1 2018 to Q1 2022
  • Understanding regional trends in M&A activity
  • Understanding which medical device sectors are leading M&A activity, and which are lagging
  • Understanding the leading tech trends in Q1 2022 M&A activity
  • Knowing the key deals that occurred during Q1 2022
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

Cloud is one of the key themes across global industries, with top companies around the world completing cloud deals, hiring for cloud roles and mentioning it in company reports at the start of 2021.

GlobalData’s thematic approach to sector activity seeks to group key company information on hiring, deals, patents and more by topic to see which industries are best placed to weather the disruptions coming their way.

These themes, of which cloud is one, are best thought of as “any issue that keeps a CEO awake at night”, and by tracking them, it becomes possible to ascertain which companies are leading the way on specific issues and which are dragging their heels.

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Is the medical sector seeing the beginnings of a cloud investment boom?

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One area in which there has been a decrease in cloud investment among medical companies is in the number of deals. GlobalData figures show that there were 14 cloud deals in medical in the second quarter of 2019. By the second quarter of 2021, that number was 12.

Hiring patterns within the medical sector as a whole are pointing towards an increase in the level of attention being shown to roles related to cloud. There were 5,576 actively advertised-for open medical roles within the industry in the second quarter of this year, up from 1,402 in the same quarter last year.

It is also apparent from an analysis of keyword mentions in financial filings that cloud is occupying the minds of medical companies to a lesser extent.

Cloud was mentioned in 28 company reports of the biggest medical companies in Q2 2021. This figure represents a decrease compared to the same period in 2019, when 58 industry filings mentioned cloud.

Cloud is decreasingly fueling innovation in the medical sector. There were, on average, 114 medical patents related to cloud granted in the second quarter of 2019. That figure has fallen to 44 patents in the last quarter of 2020.

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Free Report
img

What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
  • Understanding value and volume trends in M&A from Q1 2018 to Q1 2022
  • Understanding regional trends in M&A activity
  • Understanding which medical device sectors are leading M&A activity, and which are lagging
  • Understanding the leading tech trends in Q1 2022 M&A activity
  • Knowing the key deals that occurred during Q1 2022
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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