The global medical industry experienced a 30% drop in company filings mentions of environmental sustainability in Q3 2023 compared with the previous quarter, with the highest share accounted for by Becton Dickinson and Co with 3533% year-on-year increase, according to GlobalData’s analysis of over 227 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.
Notably, environmental sustainability was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of industrial automation and metaverse, according to GlobalData.
Of the top leading companies in the medical industry, Becton Dickinson and Co had the greatest increase in references for environmental sustainability in Q3 2023, compared with the previous quarter. GlobalData identified 436 environmental sustainability-related sentences in the company's filings - 15% of all sentences - and an increase of 3533% in Q3 2023 compared with Q3 2022. Agilent Technologies’s mentions of environmental sustainability rose by 1453% to 295 and Henry Schein’s by 19% to 163 and Danaher’s by 14% to 145 and Bio-Rad Laboratories’s by 1486% to 111.
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 environmental sustainability in Q3 2023 was 118.
For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q3 2023, buy the report here.