The need for sustainability or environmental, social, and governance (ESG) in the medical device industry is growing to reduce the environmental impact of manufacturing and supply chains.
Companies are also taking proactive steps to increase access to products in developing countries and pricing their products in such a way that more patients can access them.
Discover the leading medical device companies in ESG
Using its experience in the sector, Medical Device Network has listed some of the leading medical device companies offering products and services related to ESG.
The information provided in the download document is drafted for medical device executives and technology leaders involved in medical device ESG innovations.
The download contains detailed information on suppliers and their product offerings, as well as contact details to aid purchase or hiring decisions.
ESG actions in medical devices
The climate impact of manufacturing in the medical device sector can be mitigated by designing products in such a way that they are less carbon-intensive. Reducing the size of the product or using carbon-negative materials are some of the ways in which climate impact in the sector can be minimised.
The development and manufacturing of medical devices is often a lengthy and costly process. 3D printing of devices can help in reducing costs, and materials used, as well as minimise the environmental burden by using the exact number of raw materials required.
Health and safety
Medical devices need to ensure the health and safety of patients, which is among the most pressing social issues impacting the sector. Good manufacturing practices (GMP) ensure that medical devices are manufactured according to quality standards.
Such practices need to be implemented at all stages of the manufacturing process to minimise the risk of poor-quality products. Any deviation from these practices may cause serious harm to patients as the safety and efficacy of the device cannot be ensured.
The increased use of connected medical devices and health tools and sharing of patient data across healthcare organisations, insurers and providers increases the risk of data exposure. Medical device companies and other organisations need to ensure that patient data is protected and remains confidential while providing access to third parties only upon request.