Biodegradable materials and the circular economy are driving transformational growth in the sustainable medical devices industry
Increasing concerns over sustainability in the healthcare industry, particularly in medical technology (medtech), have necessitated a shift towards greener and more circular practices. The shift towards a green economy entails the use of environmentally friendly materials, technologies, and manufacturing processes throughout the product lifecycle. Similarly, the shift towards a circular economy in medtech involves the reuse of medical devices and materials to minimize waste and extend the use of medical devices for as long as possible. This Frost & Sullivan research focuses on the developments and megatrends around sustainable innovations in medical devices.
Key Questions Addressed in this Report:
- What are the current challenges of the healthcare industry?
- What are the green and circular approaches to medtech?
- What are the key growth drivers and restraints?
- What are the key sustainable material innovations for medical devices?
- What are the key funding activities?
- What are the key partnership activities?
- What does the regulatory landscape look like?
- What are the megatrends for sustainable medical device development?
- What does the patent landscape look like?
- What are the key patents on sustainable medical device development?
- What are the key growth opportunities for the market players?
Table of Contents
Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on Sustainable Innovations in the Medical Devices Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
Research Methodology
Growth Opportunity Analysis
- Scope of Analysis
- Current Challenges in the Healthcare Industry
- Shift Towards a Green and Circular Approach in the Medtech Industry
- What are Green and Circular Economies in the Medtech Industry?
- Segmentation
Growth Generator
- Growth Drivers
- Growth Restraints
Key Innovations in Sustainable Materials for Medtech Solutions
- Sustainable Material for Medical Devices
- Key Innovations-Sustainable Materials in Medical Devices
Industry Analysis
- Key Research Funding Activities
- Key Partnership Activities
- Regulatory Landscape around Sustainable Medical Device Development
- Case Study 1: Rochling Medical Develops Sustainable Trocars for Laparoscopic Procedures
- Case Study 2: Stryker's Biodegradable Implant for Sustainable Shoulder Repair
Megatrend Analysis
- Mega Trend Universe-Overview
- Advanced Materials-4D Materials and Programmable Matter
- Ecotransparency-Radical Reporting
- Rethinking Economic Fundamentals-Rise in Growth Skepticism
- Increasingly Connected Consumption-Sharing Economy
Patent Landscape
- Patent Publication, 2022-2024
- Key Patents
Growth Opportunity Universe in Sustainable Innovations Transforming the Medical Devices Industry
- Growth Opportunity 1: Bioabsorbable Materials for Medical Implants
- Growth Opportunity 2: Medical Devices with Broader Applications
- Growth Opportunity 3: Medical Device Repurposing for a Different Function
Appendix
- Technology Readiness Levels TRL: Explanation
Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
- Legal Disclaimer