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Directive on Representative Actions – The European Commission’s proposal risks undermining civil justice systems to the detriment of consumers across Europe
Document - Posted on 14.10.2018
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MedTech Europe’s mission is to make innovative medical technology available to more people, while helping healthcare systems move towards a sustainable path. MedTech Europe encourages policies that help the medical technology industry meet Europe’s growing healthcare needs and expectations. It also promotes medical technology’s value for Europe focusing on innovation and stakeholder relations, using economic research and data, communications, industry events and training sessions. MedTech Europe started as an alliance in October 2012 formed by two organisations – EDMA, representing the European in vitro diagnostic industry; and Eucomed, representing the European medical devices industry. Promoting a balanced policy environment MedTech Europe engages with EU regulators, politicians and other decision-makers to help shape policies to promote innovation for our growing healthcare needs and expectations. Demonstrating the value of medical technology MedTech Europe promotes to its members and the wider industry value-based innovations that support more sustainable healthcare systems. We use economic research to show the benefits of medical technology and we organise many initiatives to explain the value we bring to healthcare systems in Europe. We bring stakeholders together to discuss trends, issues and opportunities.
The common thread through all applications of medical technology is the beneficial impact on health and quality of life. They all contribute to living longer, better and empowering citizens to contribute to society for longer. In so doing, they improve the quality of care, and the efficacy and sustainability of healthcare systems. In Europe, medical technology is also a major contributor to the EU economy, employing over 650,000 people in high quality jobs. The market size is estimated at roughly €110 billion. Medical technology can be considered as any technology used to save lives in individuals suffering from a wide range of conditions. In its many forms, medical technology is already diagnosing, monitoring and treating virtually every disease or condition that affects us. Medical technology can be familiar, everyday objects such as sticking plasters, syringes or latex gloves. Alternatively, it could also be spectacles, wheelchairs and hearing aids. Meanwhile, at the high tech end of the scale, medical technology includes total body scanners, implantable devices such as heart valves and pacemakers, and replacement joints for knees and hips. In fact, there are more than 500,000 medical technologies currently available and they all share a common purpose: improving and extending peoples’ lives.