Mentions of cybersecurity within the filings of companies in the medical devices industry were 129% higher during 2021 than in 2016, according to the latest analysis of data from GlobalData.

When companies in the medical devices industry publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Cybersecurity is one of these topics - companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.

To assess whether cybersecurity is featuring more in the summaries and strategies of companies in the medical devices industry, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned cybersecurity at least once in filings during the past twelve months - this was 86% compared to 77% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to cybersecurity.

Of the 10 biggest employers in the medical devices industry, Fresenius was the company which referred to cybersecurity the most during 2021. GlobalData identified 326 cybersecurity-related sentences in the Germany-based company's filings - 1.7% of all sentences. BD mentioned cybersecurity the second most - the issue was referred to in 1.4% of sentences in the company's filings. Other top employers with high cybersecurity mentions included DaVita, IQVIA and Abbott.

Across all companies in the medical devices industry the filing published in the fourth quarter of 2021 which exhibited the greatest focus on cybersecurity came from DexCom. Of the document's 1,020 sentences, 29 (2.8%) referred to cybersecurity.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This analysis provides an approximate indication of which companies are focusing on cybersecurity and how important the issue is considered within the medical devices industry, but it also has limitations and should be interpreted carefully. For example, a company mentioning cybersecurity more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into cybersecurity have been successes or failures.

In the last quarter, companies in the medical devices industry based in the United States were most likely to mention cybersecurity with 0.54% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in Asia mentioned cybersecurity in just 0.05% of sentences.