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May 10, 2022

Revealed: The medical devices companies leading the way in Internet of Things

We aggregated thousands of records from GlobalData's proprietary themes, jobs, deals and patents databases to identify the most active companies in the area of Internet of Things in the medical devices sector.

By Data Journalism Team

Johnson & Johnson and Abbott are among the companies best positioned to take advantage of future Internet of Things disruption in the medical devices industry, our analysis shows.

The assessment comes from GlobalData’s Thematic Research ecosystem, which ranks companies on a scale of one to five based on their likelihood to tackle challenges like Internet of Things and emerge as long-term winners of the medical devices sector.

According to our analysis, Johnson & Johnson, Abbott, GE, DexCom, Apple, Baxter, Omron, Siemens Healthineers and Biotronik are the companies best positioned to benefit from investments in Internet of Things, all of them recording scores of five out of five in GlobalData’s Medical Devices Thematic Scorecard.

The table below shows how GlobalData analysts scored the biggest companies in the medical devices industry on their Internet of Things performance, as well as the number of new Internet of Things jobs, deals and patents from the companies since May 2021.

The final column in the table represents the overall score given to that company when it comes to their current Internet of Things position relative to their peers. A score of five indicates that a company is a dominant player in this space, while companies that score less than three are vulnerable to being left behind. These can be read fairly straightforwardly.

The other data points in the table are more nuanced, showcasing recent Internet of Things investment across a range of areas over the past year. These metrics, where available, give an indication of whether Internet of Things is at the top of executives’ minds now, but high numbers in these fields are just as likely to represent desperate attempts to catch-up as they are genuine strength in Internet of Things.

For example, a high number of deals could either indicate that a company is dominating the market, or that it is using mergers and acquisitions to fill in gaps in its offering.

This article is based on GlobalData research figures as of 06 May 2022. For more up-to-date figures, check the GlobalData website.

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