The UK Government has received recommendations from expert advisors on how to promote innovation and investment in the MedTech sector.

Recommendations for Promoting Innovation and Investment

The Council for Science and Technology (CST) has outlined five key areas that could have a significant impact on the MedTech industry:

• Pension fund reforms to provide scale-up capital
• Improving connections between private and public markets to increase access to capital
• Developing specialist skills necessary for the sector
• Leveraging government mandates to support digital transformation
• Building awareness of investment opportunities

The government's commitment to supporting the MedTech sector could lead to a substantial increase in funding opportunities, potentially unlocking access to £4.6 trillion in private and public insurance and pension fund assets.

This financial boost is crucial for companies striving to develop innovative technologies that can transform healthcare delivery and improve patient care.

The ongoing dialogue between government advisors and industry stakeholders will be essential in shaping the future of MedTech investment and development.