Analysis of the key themes driving M&A activity reveals that artificial intelligence accounted for 9 medical devices deals announced in Q1 2024, worth a total value of $142.9m. The $140m acquisition of ScienceIO by Veradigm was the industry’s largest disclosed deal. GlobalData’s Medical Devices Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 report helps understand the pivotal themes steering M&A activity in the industry. Buy the report here.

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In value terms, artificial intelligence-related deal activity decreased by 43% in Q1 2024 compared with the previous quarter’s total of $251.9m and fell by 96% as compared to Q1 2023. Related deal volume decreased by 10% in Q1 2024 versus the previous quarter and was 10% lower than in Q1 2023.

The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Linklaters; Maples and Calder (Cayman); Marval O'Farrell & Mairal with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Medical Devices Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 – Thematic Intelligence, buy the report here.

This content was updated on 23 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.