The Massachusetts Medical Device Industry Council (MassMEDIC) announced that 2022 represented a “record-breaking” year.
Among the organization’s 2022 accomplishments, MassMEDIC grew its staff as in-person events returned. It also launched its “Why Medtech” campaign and advocated for its more than 300 members ranging from Beacon Hill to Washington, D.C.
“The past year has been transformational for our organization,” said President of MassMEDIC Brian Johnson. “We took significant steps to invest in our team, increasing the value we can provide our members and our impact in the New England life sciences ecosystem. I’m proud of the team’s accomplishments this year and excited for our future potential.”
In 2022, MassMEDIC increased revenue by 30%. It also increased the size of its operating budget by nearly 80% since 2018.
The organization also recruited AdvaMed’s The MedTech Conference to Boston while producing more than 100 hours of individual programming. It graduated the 2022 cohorts of the Ignite Accelerator Program as alumni broke the $100 million mark for funds raised this year.
“For more than 26 years, MassMEDIC has been the voice of our industry with policymakers, and this year was no different,” said Johnson. “In 2022, MassMEDIC ensured our members had a seat at the table for local, regional and national issues, bolstering relevancy for industry priorities.”
Additionally, The Boston Business Journal named the organization in its list of the 25 largest advocacy organizations in Massachusetts. The outlet also named COO Rachel Robinson a “40 Under 40” winner.
“After two years of virtual events due to COVID, this year we were able to bring back in-person events in a big way, providing invaluable opportunities to connect among our membership,” said Robinson. “We hosted a sold-out Medtech Impact Gala in July and led the recruitment of The MedTech Conference to Boston in October, shattering AdvaMed’s previous attendance records for the event.”
Plans in the works for next year
MassMEDIC said it remains committed to prioritizing the reauthorization of the Massachusetts Life Sciences Act in 2023. It also aims to expand awareness of the New England medtech ecosystem on an international scale.
The organization plans to hold a full-day Medtech Impact Symposium & Gala in April. It also intends to put on the inaugural Member Golf Tournament & Benefit in July.
Other events include Regulatory Roundups, Innovation Showcases and Women in Medtech Forums. It selected Siemens Healthineers Endovascular Robotics and Smith+Nephew as its first two quarterly forum hosts. Those events take place in March (Siemens) and May (Smith+Nephew).