GlobalData have shown a 12.7% increase in deals in the medical device industry, with agreements worth $627 million occurring in the third quarter of 2019.
These deals included major venture financing activity, with CMR Surgical obtaining $243 million and Quanta Dialysis receiving $47 million investment.
Med-Tech Innovation reports:
“In terms of value of deals, venture financing was the leading category in Europe’s medical devices industry with $539.4 million, while M&A and private equity deals totalled $80.26 million and $7.76 million, respectively.
“The combined value of the top five medical devices deals stood at $395.18 million, against the overall value of $627.42 million recorded for the quarter.”