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US medical devices industry sees a drop of 33.03% in deal activity in May 2022

US medical devices industry saw a drop of 33.03% in overall deal activity during May 2022, when compared with the last 12-month average, led by ConMed’s $255m acquisition of In2Bones Global, according to GlobalData’s deals database.

A total of 73 deals worth $859.9m were announced in May 2022, compared with the 12-month average of 109 deals.

venture financing was the leading category in the month in terms of volume with 51 deals, which accounted for 69.9% of all deals.