Led by $13bn acquisition of Change Healthcare, North America’s medical devices industry saw a rise of 13.91% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.


A total of 301 deals worth $31.45bn were announced for the region during Q1 2021, against the last four-quarter average of 264.25 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 182 deals, representing a 60.5% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was M&A with 94 deals, followed by private equity deals with 25 transactions, respectively capturing a 31.2% and 8.3% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s medical devices industry with $26.81bn, while venture financing and private equity deals totalled $3.1bn and $1.54bn, respectively.

North America medical devices industry deals in Q1 2021: Top deals

The top five medical devices deals accounted for a 65.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $20.63bn, against the overall value of $31.45bn recorded for the quarter.

The top five medical devices industry deals of Q1 2021 tracked by GlobalData were:

1) OptumInsight’s $13bn acquisition of Change Healthcare

2) The $4.6bn acquisition of Cantel Medical by Steris

3) Boston Scientific’s $1.23bn acquisition of Preventice

4) The $1bn private equity deal with Cardinal Health by Hellman & Friedman

5) Corza Health’s acquisition of Surgical Specialties for $800m.