EconPapers    
Economics at your fingertips  
 

An Interpretive Structural Modeling Approach for Biomedical Innovation Strategy Models with Sustainability

Mu-Hsun Tseng (), Jian-Yu Lian, An-Shun Liu and Peng-Ting Chen ()
Additional contact information
Mu-Hsun Tseng: Department of Biomedical Engineering, The International Institute of Medical Device Innovation, National Cheng Kung University (NCKU), No. 1, University Road, Tainan City 701, Taiwan
Jian-Yu Lian: Department of Biomedical Engineering, The International Institute of Medical Device Innovation, National Cheng Kung University (NCKU), No. 1, University Road, Tainan City 701, Taiwan
An-Shun Liu: National Center for Instrumentation Research, National Institutes of Applied Research, No. 20, R&D Road VI, Hsinchu Science Park, Hsinchu City 300092, Taiwan
Peng-Ting Chen: Department of Biomedical Engineering, The International Institute of Medical Device Innovation, National Cheng Kung University (NCKU), No. 1, University Road, Tainan City 701, Taiwan

Sustainability, 2025, vol. 17, issue 15, 1-25

Abstract: In recent years, the biomedical startup industry has flourished, and yet, it still faces challenges in adapting to changing market demands. Meanwhile, the widespread use of single-use medical devices generates significant waste, posing threats to environmental sustainability. Addressing this issue has become a critical challenge for humanity today. The study aimed to delve into the specific difficulties faced by Taiwanese biomedical entrepreneurs during the innovation and development of medical devices from a sustainability perspective and to explore solutions. This study collected first-hand experiences and insights from Taiwanese biomedical entrepreneurs through a literature review and expert questionnaires. It employed Interpretive Structural Modeling to analyze the development stages and interrelationships of biomedical device startups for building sustainable biomedical innovation. The Clinical Needs Assessment is revealed as the most influential factor, shaping Regulatory Feasibility Evaluation, Clinical Trial Execution, and Market Access Compliance. Our findings provide a structured problem-solving framework to assist biomedical startups in overcoming challenges while incorporating energy-saving and carbon reduction processes to achieve environment sustainability goals. The results of this study show that biomedical innovation practitioners should prioritize integrating sustainability considerations directly into the earliest stage of a Clinical Needs Assessment.

Keywords: sustainability; Interpretive Structural Modeling (ISM); medical device innovation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/17/15/6740/pdf (application/pdf)
https://www.mdpi.com/2071-1050/17/15/6740/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:17:y:2025:i:15:p:6740-:d:1709386

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-07-25
Handle: RePEc:gam:jsusta:v:17:y:2025:i:15:p:6740-:d:1709386