The value marked an increase of 547% over the previous month and a rise of 122.04% when compared with the last 12-month average of $4.1bn.
In terms of number of deals, the sector saw a rise of 12.7% over the last 12-month average with 124 deals against the average of 110 deals.
In value terms, North America led the activity with deals worth $8.23bn.
Medical devices industry deals in May 2019: Top deals
The top five medical devices deals accounted for 86.9% of the overall value during May 2019.