The medical technology (MedTech) sector responded well to the COVID-19 pandemic, with many aspects of the industry being directly responsive to the crisis, while other areas benefited from a growing interest in how technology can improve medical care. As a result, M&A remained strong in the sector at a time when most others saw dealmaking decline rapidly.
This continued during the wider M&A boom seen across most sectors during 2021 but, like many others, activity cooled in the MedTech industry as economic headwinds hit in 2022. Despite widespread sentiment that MedTech M&A would rebound, 2022’s trends have largely continued during 2023.
However, the sector has shown significantly more resilience than many others. As a result of this, as well as ongoing innovation and broader signs of economic recovery emerging at the end of 2023, there are again predictions that MedTech dealmaking will rebound strongly during 2024.
What happened in 2023?
M&A tailwinds beginning to emerge
Funding gap presents barrier to innovation, while headwinds remain
A well-established company providing metal finishing services since 1980, they have expanded both the range of products that they offer and the company itself.
The company offers all-encompassing fire and security system solutions, supplying and installing a broad range of systems, backed with ongoing maintenance and servicing contracts.
The group provides consultancy and training across a wide range of specialisms within the pharmaceutical, biotech, and medical device sectors. In addition, the group offers engineering and CQV services for sterilisation, depyrogenation, thermal syste...
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