Asia-Pacific’s medical devices industry saw a drop of 48.89% in deal activity during October 2022, when compared with the last 12-month average, led by Chende Capital, SoftBank Vision Fund 2, Yiheng Capital Partners, Yuanyi Capital and Zhongwei Capital HoldingLimited’s $100m venture financing of stake in Xunshi Technology, according to GlobalData’s deals database.

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A total of 23 medical devices industry deals worth $189.1m were announced for the region in October 2022, against the 12-month average of 45 deals.

Of all the deal types, venture financing saw most activity in October 2022 with 21 transactions, representing a 91.3% share for the region.

In second place was M&A with two deals capturing an 8.7% share of the overall deal activity for the month.

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In terms of value of deals, venture financing was the leading category in Asia-Pacific’s medical devices industry with $177.36m, followed by M&A deals totalled $11.7m.

Asia-Pacific medical devices industry deals in October 2022: Top deals

The top five medical devices deals accounted for 82.8% of the overall value during October 2022.

The combined value of the top five medical devices deals stood at $156.49m, against the overall value of $189.1m recorded for the month.

The top five medical devices industry deals of October 2022 tracked by GlobalData were:

1) Chende Capital, SoftBank Vision Fund 2, Yiheng Capital Partners, Yuanyi Capital and Zhongwei Capital HoldingLimited’s $100m venture financing deal with Xunshi Technology

2) The $15m venture financing of Shenzhen Jinbaihui Biological by Bank of China Guangdong Finance

3) Longping Biosciences, Qianhai Great Wall Fund Management (Shenzhen) and Qiluo Investment’s $13.89m venture financing deal with Shenzhen Sailu Medical Technology

4) The $13.8m venture financing of Hangzhou Shenluo Medical Technology by Boyuan Capital and SDIC Chuanghe Fund Management

5) Changan Huitong, October Capital, Season Ventures and Yinglian Health Fund’s $13.8m venture financing deal with Zhejiang Pushkang Biotechnology