MedTech Europe has welcomed the Budapest Declaration, which commits to strengthen Europe's competitiveness, prosperity, sovereignty, and global influence. It calls for recognising the medical technology sector as a strategic pillar in implementing the new EU Competitiveness Deal, and recommends that various actions are taken to unlock competitiveness drivers in the medical technology sector. These include reforming the sector's regulatory system, namely Regulation (EU) 2017/745 (the Medical Devices Regulation (MDR)) and Regulation (EU) 2017/746 (the In Vitro Diagnostic Medical Devices Regulation (IVDR)), synchronising horizontal regulations with the MDR and IVDR, enabling investments in research and innovation for medical technology, and making strategic investments in efficient and sustainable healthcare systems supported by digital health and medical technologies. These measures aim to strengthen Europe's global health and innovation leadership, meet sustainability goals, and address patient and healthcare provider needs.