
Competitiveness Compass: Speed and unity are critical for delivery
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Brussels, 29 January 2025 – MedTech Europe welcomes the publication of the European Commission’s Competitiveness Compass and its objective to “safeguard the EU's future as an economic powerhouse.” We fully support the Commission's ambitions and now call on it to deliver tangible actions through its upcoming flagship initiatives.
The medical technology sector is a vital pillar of Europe's life sciences ecosystem, and we appreciate the recognition in the Competitiveness Compass that investing in life sciences holds significant potential for boosting competitiveness across multiple sectors. The message is clear: no health, no wealth.
Oliver Bisazza, CEO of MedTech Europe commented: “We are encouraged by the report's focus on life sciences as a critical area to Europe's sustainable competitiveness and by its wealth of related flagship initiatives. Turning this ambitious plan into tangible outcomes is now the challenge: speed and unity of all actors, including the Commission, Member States, investors, industry and other stakeholders will now be of the essence.”
We also commend the Commission's acknowledgement of the need for regulatory simplification in the medical technology sector and insist it should include both the Medical Devices and the In Vitro Diagnostic Regulations. Both immediate action and long-term reform are essential to closing the innovation launch gap, enabling European patients and healthcare systems to access groundbreaking technologies more swiftly.
Furthermore, we support the commitment to maintaining the EU's climate goals. Climate, health, and competitiveness are intrinsically linked. MedTech Europe has published recommendations on how to effectively implement the Green Deal within healthcare and stands ready to collaborate on this critical agenda.
As the EU charts its course towards sustainable competitiveness and prosperity, MedTech Europe remains available to contribute constructively to shaping these policies for the benefit of people in Europe, and its healthcare systems.