Lexology November 22, 2024
Market reports indicate the global medical device industry for Q3 2024 saw an increase in merger and acquisition (M&A) activity in terms of value year-over-year. Although deal value decreased compared to Q2 2024, deal volume increased compared to Q2 2024 and year-over-year. One report states there were 168 medical device M&A deals announced in Q3 2024, worth a total value of $14.4B. For the global medical devices market, GlobalData reports the following for Q3 2024:
- global medical devices deals worth $34B – an increase of 25% compared to Q3 2023
- 275 M&A deals – an increase of 35% compared to Q3 2023
- 8 mega-deals (valued at more than $1B) – an increase of 14% compared to Q3 2023