The number of deals announced in the global healthcare sector last week grew by 12.3% compared to the previous week but the UK and US saw a fall in activity.

According to GlobalData’s deals database, deal activity increased in key markets such as China, Canada and South Korea during the week ended April 26, 2020 compared to the previous week.

The announcement of venture financing, mergers and acquisitions (M&A) and partnership deals increased by 18.8%, 33.3% and 43.8%, respectively during while licensing agreement, equity offerings and private equity deal volume declined.

Aurojyoti Bose, lead Analyst at GlobalData, comments: “The healthcare sector has been relatively resilient compared to other sectors and this is the second consecutive week of growth in deal activity amidst uncertainty and volatile market conditions due to the COVID-19 outbreak.”