
Detailed Findings
Dealmaking in 2025
A comeback for deals in 2025?
2024 was slow to demonstrate a recovery in dealmaking, as a result of geopolitical tensions and a higher-for-longer interest rate environment – but it is finally picking up. This optimism is demonstrated in the 72% of respondents who think M&A will be higher next year than this year, with Institutional Investors and Corporates more bullish versus last year.
Very few (4%) think it will be lower than last year, in a further sign of respondents signalling that we are over the worst of market conditions and that there is appetite to get deals done.
0%
72% of all participants expect healthcare M&A levels to be higher in 2025
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