- Kerala will soon house one of the first medical device parks in the country.
- Focusing on the high-risk medical device sector to provide full range of services for the medical devices industry like R&D support, testing, and evaluation.
- MedSpark, the medical devices park envisaged as a joint initiative of Sree Chitra Tirunal Institute for Medical Sciences & Technology (SCTIMST), and the Kerala State Industrial Development Corporation Ltd (KSIDC), is going to be established in the Life Science Park, Thonnakkal, Thiruvananthapuram.
- This medical device park will stand out with its emphasis on the high-risk medical device sector involving medical implants and extracorporeal devices, in which SCTIMST scores with its knowledge.
- It will create an enabling support system for R&D, testing and evaluation of medical devices, manufacturing support, technology innovation, and knowledge dissemination, all of which are the full range of services that the medical devices industry seeks.
- These services can be utilized by the medical device industries located within the MedSpark as well from other parts of India.
- This will benefit small and medium-sized medical devices industries, which dominate the medical devices sector.
- MedSpark can leverage the existing advantage of the Kerala State in the high-risk medical device manufacture and develop it into the most sought after destination for setting up medical device industry in India.
When completed, the MedSpark will have:
- A Medical Device Testing & Evaluation Centre accredited to international agencies
- An R&D Resource Centre for facilitating R&D in medical device domain, the services of which would be shared by the entities within the Park.
- A centralised Knowledge Centre for skill up-gradation with facilities for conducting training and providing support on regulatory issues, clinical trials, etc.
- A Technology Business Incubation Centre for promoting start-ups and early-stage companies.
- It is expected that the project would provide direct employment to 1200 people. Besides, employment generation up to 4000 – 5000 jobs through the supporting industries like OEM suppliers, service providers, and marketing/post marketing support activities.