The global medical industry experienced a 47% drop in company filings mentions of social media in Q4 2023 compared with the previous quarter, with the highest share accounted for by Cooper, according to GlobalData’s analysis of over 58 medical company filings. GlobalData’s Medical Devices: Filings Trends & Signals Q4 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.
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Notably, social media was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of artificial intelligence and digitalization, according to GlobalData.
Of the top leading companies in the medical industry, Cooper had the greatest increase in references for social media in Q4 2023, compared with the previous quarter. GlobalData identified four social media-related sentences in the company's filings - 0.2% of all sentences - and remained flat of 0% in Q4 2023 compared with Q4 2022. Align Technology’s mentions of social media rose by 50% to 3 and Exact Sciences’s by 50% to 1 and Idexx Laboratories’s by 50% to 1.
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 social media in Q4 2023 was 82.
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For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q4 2023, 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.
