Transformative capabilities of MedTech organizations in driving circularity in the healthcare industry: Insights from multiple cases

Journal article

Ishaq, S., Hoang, T. G., Tanveer, U., Hoang, T. and Truong, H. Q. 2024. Transformative capabilities of MedTech organizations in driving circularity in the healthcare industry: Insights from multiple cases . Journal of Cleaner Production. 446, pp. 1-12. https://doi.org/10.1016/j.jclepro.2024.141370
AuthorsIshaq, S., Hoang, T. G., Tanveer, U., Hoang, T. and Truong, H. Q.
Abstract

The healthcare industry’s significant environmental impact has prompted the urgent need for sustainable practices. MedTech companies play a crucial role in advancing circularity within the sector by adopting sustainable approaches to product design, resource management, and waste reduction. This research aims to explore how MedTech companies initiate and drive transformation towards circular practices and the key factors influencing their successful transition. Using a qualitative approach, four multinational MedTech companies’ case studies are conducted, employing semi-structured interviews with 33 managers and healthcare professionals. The results reveal a model grounded in dynamic capabilities, comprising three stages: sensing, seizing, and transforming, guided by adaptability and flexibility. The study extends the understanding of how MedTech companies can proactively respond to environmental challenges and embrace circular economy practices. Furthermore, the model offers practical implications for MedTech companies to foster sustainable practices, optimize resources, and enhance circularity in the healthcare industry

KeywordsCircular economy; Dynamic capabilities; MedTech; Healthcare industry; Sustainability; Environmental impact; Qualitative research
Year2024
JournalJournal of Cleaner Production
Journal citation446, pp. 1-12
PublisherElseiver
ISSN0959-6526
Digital Object Identifier (DOI)https://doi.org/10.1016/j.jclepro.2024.141370
Web address (URL)https://www.sciencedirect.com/science/article/pii/S0959652624008175
Publisher's version
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File Access Level
Open
Output statusPublished
Publication dates
Online24 Feb 2024
Publication process dates
Accepted19 Feb 2024
Deposited03 Apr 2024
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