The global medical industry experienced a 78% drop in company filings mentions of COVID-19 in Q2 2024 compared with the previous quarter, with the highest share accounted for by Hologic with 22% year-on-year decrease, according to GlobalData’s analysis of over 264 medical company filings. GlobalData’s Medical Devices: Filings Trends & Signals Q2 2024 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, COVID-19 was one of the most frequently referenced themes in Q2 2024, ranking highest in terms of mentions, ahead of remote patient monitoring and online payments, according to GlobalData.
Of the top leading companies in the medical industry, Hologic had the greatest increase in references for COVID-19 in Q2 2024, compared with the previous quarter. GlobalData identified 74 COVID-19-related sentences in the company's filings - 14% of all sentences - and a decrease of 22% in Q2 2024 compared with Q2 2023. bioMerieux’s mentions of COVID-19 dropped by 27% to 32 and Abbott Laboratories’s by 64% to 25 and Intuitive Surgical’s by 30% to 21 and Quest Diagnostics’s by 100% to 20.
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 COVID-19 in Q2 2024 was 111.
For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q2 2024, buy the report here.
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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.
