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The global medical industry experienced a 48% drop in company filings mentions of cloud in Q3 2023 compared with the previous quarter, with the highest share accounted for by ResMed with 35% year-on-year decrease, according to GlobalData’s analysis of over 83 medical company filings. GlobalData’s Medical Devices: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.

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Notably, cloud was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of internet of things and governance, according to GlobalData.

Of the top leading companies in the medical industry, ResMed had the greatest increase in references for cloud in Q3 2023, compared with the previous quarter. GlobalData identified 52 cloud-related sentences in the company's filings - 3% of all sentences - and a decrease of 35% in Q3 2023 compared with Q3 2022. Idexx Laboratories’s mentions of cloud to 8 and Cochlear’s by 95% to 7 and Agilent Technologies’s by 50% to 3 and Insulet’s by 60% to 2.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q3 2023 was 88.

For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q3 2023, buy the report here.

This content was updated on 12 October 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 Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.