The global medical industry experienced a 7% drop in company filings mentions of internet of things in Q3 2023 compared with the previous quarter, with the highest share accounted for by ResMed with 25% year-on-year increase, according to GlobalData’s analysis of over 67 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, internet of things was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of governance and edge computing, according to GlobalData.
Of the top leading companies in the medical industry, ResMed had the greatest increase in references for internet of things in Q3 2023, compared with the previous quarter. GlobalData identified five internet of things-related sentences in the company's filings - 0.3% of all sentences - and an increase of 25% in Q3 2023 compared with Q3 2022. DexCom’s mentions of internet of things dropped by 33% 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 internet of things in Q3 2023 was 75.
For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q3 2023, buy the report here.