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2022 Report on Code of Ethics by Medical Technology Industry Associations in the APEC Region

Cover_2022_SME_2022 Report on Code of Ethics Implementation_Medical Technology
Published Date November 2022
Type of Publication Reports
Publication Under SOM Steering Committee on Economic and Technical Cooperation (SCE), Small and Medium Enterprises Working Group (SMEWG)
Accessed 243
Pages 14
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The Business Ethics for APEC SMEs Initiative monitors code of ethics development and implementation by 34 medical device sector industry associations across the APEC region. These enterprises constitute a significant majority of the firms that develop, manufacture, market, or distribute medical device and diagnostic products in the region. When the initiative’s capacity building program was launched in 2012 to support implementation of the APEC Kuala Lumpur Principles, 13 of the medical device sector industry associations had a code of ethics. In 2022, 31 of these associations have a code of ethics or formalized commitment. The initiative remains dedicated to meeting the goal of adoption and implementation of codes of ethics by a majority of member enterprises of medical device industry associations. The initiative continues to pursue the goal of universal code of ethics adoption by medical device sector industry associations.

This report has been prepared for the 2022 APEC Business Ethics for SMEs Forum to indicate where progress has been made since 2012, and where challenges remain, for the region’s medical device sector industry associations in (a) code governance; (b) code alignment with the APEC Principles; (c) member enterprise implementation of the code; and (d) external stakeholder engagement on the code. The data presented in this report has been provided by industry associations through surveys and sourced from publicly available information.