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US medical devices industry sees a drop of 33.33% in deal activity in October 2021

November 23, 2021

US medical devices industry saw a drop of 33.33% in overall deal activity during October 2021, when compared with the last 12-month average, led by Alkeon Capital, Coatue Management, Tiger Global and Whale Rock Capital Management’s $600m venture financing of Hinge Health, according to GlobalData’s deals database.

A total of 62 deals worth $2.9bn were announced in October 2021, compared with the 12-month average of 93 deals.

Venture financing was the leading category in the month in terms of volume with 44 deals, which accounted for 71% of all deals.