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US medical devices industry sees a drop of 30.1% in deal activity in May 2020

A total of 58 deals worth $1.44bn were announced in May 2020, compared to the 12-month average of 83 deals.
Venture financing was the leading category in the month in terms of volume with 39 deals which accounted for 67.2% of all deals.

In second place was M&A with 11 deals, followed by private equity with eight transactions, respectively accounting for 19% and 13.8% of overall deal activity in the country’s medical devices industry during the month.

In terms of value of deals, venture financing was the leading deal category in the US medical devices industry with total deals worth $1.26bn, while private equity and M&A deals totalled $145.24m and $41.6m, respectively.