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  1. Deals Analysis
June 30, 2022

Medical Devices industry venture financing deals total $213.8m in China in May 2022

By Carmen

Total medical devices industry venture financing deals worth $213.8m were announced in China in May 2022, led by $61.2m venture financing of Shanghai Yuanneng Biological Cryogenic Equipment , according to GlobalData’s deals database.

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The value marked an increase of 104% over the previous month of $104.81m and a drop of 49.4% when compared with the last 12-month average of $422.42m.

China held an 18.92% share of the global medical devices industry venture financing deal value that totalled $1.13bn in May 2022.

In terms of venture financing deal activity, China recorded 22 deals during May 2022, marking a decrease of 4.35% over the previous month and a drop of 18.52% over the 12-month average.

China medical devices industry venture financing deals in May 2022: Top deals

The top five medical devices industry venture financing deals accounted for 68.7% of the overall value during May 2022.

The combined value of the top five medical devices venture financing deals stood at $146.89m, against the overall value of $213.8m recorded for the month.

The top five medical devices industry venture financing deals of May 2022 tracked by GlobalData were:

1) Deluxe Family,Employee Stock Ownership Platform,Kaineng Health Technology Group and Shanghai Gaosen Asset Management $61.2m venture financing deal with Shanghai Yuanneng Biological Cryogenic Equipment

2) The $33.22m venture financing of Hangzhou Gloria Precision Medical Testing Technology by CICC Jiatai (Tianjin) Equity Investment Fund,CICC Pucheng Investment,Qishen Venture Capital,Rehabilitation Capital New Drug Innovation Fund and West Lake Science and Technology Venture Capital

3) LYFE Capital $22.5m venture financing deal with Hangzhou Boyue Biotechnology

4) The $14.99m venture financing of Spectrum Medical Technology (Shanghai) by BC Capital Management Group,Legend Capital,Wilder Capital and Yangyun Capital

5) Chuanggu Capital $14.99m venture financing deal with Suzhou Yinluo Medical Devices

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Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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