Analysis of the key themes driving M&A activity reveals that internet of things accounted for 5 medical devices deals announced in Q2 2023, worth a total value of $807.8m. The $738m acquisition of EOFlow by Medtronic was the industry’s largest disclosed deal. GlobalData’s Medical Devices Industry Mergers and Acquisitions Deals by Top Themes in Q2 2023 report helps understand the pivotal themes steering M&A activity in the industry. Buy the report here.

In value terms, internet of things-related deal activity increased by 9080% in Q2 2023 compared with the previous quarter’s total of $8.8m and fell by 20% as compared to Q2 2022. Related deal volume increased by 67% in Q2 2023 versus the previous quarter and was 17% lower than in Q2 2022.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Goldman Sachs Group; JPMorgan Chase & Co; Lazard with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Bird & Bird; Davis Polk & Wardwell; Gibson, Dunn & Crutcher with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Medical Devices Industry Mergers And Acquisitions Deals By Top Themes In Q2 2023 – Thematic Intelligence, buy the report here.

This content was updated on 18 July 2023

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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.