Impact of COVID-19 on Medical Sector | Medical Device Network
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COVID-19 impact on Medical

The COVID-19 outbreak has now spread around the world, leaving a trail of destruction in its wake. The pandemic has already changed how we work and how we live our lives. Many of these changes will have long-term implications. Companies in every sector, including Medical, will need to adopt new technologies and new ways of working as they adapt to these new realities.

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Qiagen confirms PCR tests are effective in detecting new Covid-19 variant

Qiagen assessed the effectiveness of its PCR tests using data available in the GenBank and GISAID public databases.

Deal trends in the Medical sector during COVID-19

Medical Device Network’s COVID-19 deal tracker monitors deals that took place across the Medical sector during the pandemic.

Deals trends in the Medical Sector: Q1 2020 – Q3 2021

133,973 Grant

Total Value US$m: 53,701
YOY Change: 22.1%

5,518 Venture Financing

Total Value US$m: 75,931.3
YOY Change: 73.3%

3,414 Equity Offering

Total Value US$m: 253,902.2
YOY Change: 12.0%

2,326 Partnership

Total Value US$m: 7,797.1
YOY Change: -

1,731 Acquisition

Total Value US$m: 608,355.5
YOY Change: 126.2%

826 Debt Offering

Total Value US$m: 461,777.4
YOY Change: -52.0%

752 Private Equity

Total Value US$m: 168,859.2
YOY Change: 480.4%

348 Asset Transaction

Total Value US$m: 27,186.6
YOY Change: 59.8%

129 Merger

Total Value US$m: 31,827.9
YOY Change: -49.9%

93 Licensing Agreement

Total Value US$m: 1,818.1
YOY Change: -91.7%

Innovation in the Medical sector during COVID-19

To best track innovation in response to COVID-19’s impact on the Medical sector, Medical Device Network tracks the patent applications, as well as the patent applicants throughout the COVID-19 pandemic.

Number of patents in the Medical sector: 2018 – 2021

The COVID-19 patents tracker in the Medical sector monitors the patent applications pre- and post-outbreak.

Note: Application counts are based on publications. Patent applications which are not published yet are not considered for analysis. Publication may take up to 18 months from the application of patents.

Top Patent Applicants in the Medical sector: Pre-COVID-19 (Filing Year 2018 – 2019)

Medical Device Network patent ownership data monitors the patent applicants in the sector before the COVID-19 outbreak.

Top Patent Applicants in the Medical sector: Post-COVID-19 (Filing Year 2020 – H1 2021)

Medical Device Network patent ownership data monitors the patent applicants in the sector after the COVID-19 outbreak.

Note: Application counts are based on publications. Patent applications which are not published yet are not considered for analysis. Publication may take up to 18 months from the application of patents.

Number of COVID-19 mentions in filings in the Medical sector: Q1 2020 – Q2 2021

Medical Device Network tracks thousands of companies and their annual and quarterly filings. Our analysis monitors the mentions of COVID-19 in those filings during the pandemic.

COVID-19 Versus Top 5 Themes in Medical

Medical Device Network compares COVID-19 mentions in filings versus other top themes in filings data during the pandemic.

Top 10 Companies with COVID-19 Mentions in Filings

Medical Device Network tracks, which medical companies mention COVID-19 in filings most during the pandemic.

Jobs insights in the Medical sector during COVID-19

Medical Device Network monitors live medical company jobs postings to assess the impact of COVID-19 on the sector.

Job Trends in Medical Sector

Jobs postings by medical companies after the outbreak. The COVID-19 jobs tracker in the Medical sector looks at jobs posted, closed and active to assess the impact of the pandemic on sector jobs.

Most active Medical companies: Jobs

Medical Device Network’s Medical jobs tracker lists Medical companies with the most jobs posted during the COVID-19 period.

Medical influencer discussions on COVID-19

Medical Device Network tracks the mentions of COVID-19 by leading Medical influencers on Twitter. The chart indicates the volume of tweets and influencers pertaining to COVID-19.

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