The global medical industry experienced a 4% rise in company filings mentions of internet of things in Q1 2024 compared with the previous quarter, with the highest share accounted for by DexCom with 22% year-on-year increase, according to GlobalData’s analysis of over 85 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, internet of things was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of edge computing and environment, according to GlobalData.
Of the top leading companies in the medical industry, DexCom had the greatest increase in references for internet of things in Q1 2024, compared with the previous quarter. GlobalData identified 11 internet of things-related sentences in the company's filings - 0.7% of all sentences - and an increase of 22% in Q1 2024 compared with Q1 2023. Abbott Laboratories’s mentions of internet of things rose by 600% to 7 and ResMed’s by 50% to 4 and Smith & Nephew’s by 300% to 4 and Straumann’s by 20% to 4.
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 Q1 2024 was 84.
For further understanding of GlobalData's Medical Devices: Filings Trends & Signals Q1 2024, 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.
