The global medical industry experienced an 18% drop in company filings mentions of smart hospitals in Q1 2024 compared with the previous quarter, with the highest share accounted for by Intuitive Surgical with 11% year-on-year increase, according to GlobalData’s analysis of over 388 medical company filings. GlobalData’s Medical Devices: Filings Trends & Signals Q1 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, smart hospitals was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of internet of things and edge computing, according to GlobalData.

Of the top leading companies in the medical industry, Intuitive Surgical had the greatest increase in references for smart hospitals in Q1 2024, compared with the previous quarter. GlobalData identified 118 smart hospitals-related sentences in the company's filings - 5% of all sentences - and an increase of 11% in Q1 2024 compared with Q1 2023. Smith & Nephew’s mentions of smart hospitals rose by 213% to 100 and Quest Diagnostics’s by 132% to 51 and Align Technology’s by 48% to 37 and Medtronic’s by 26% to 34.

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 smart hospitals in Q1 2024 was 82.

For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q1 2024, buy the report here.

This content was updated on 24 April 2024

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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.