Industry News
Kerala Emerges as a Medical Device Manufacturing Hub
Kerala is slowly emerging as a manufacturing hub for medical devices, thanks to a clutch of local entrepreneurs who have made the state their base for this highly advanced industry.
Kochi: Kerala is emerging as a manufacturing hub for medical devices, supported by local entrepreneurs and expertise in plastics and precision engineering.
Industry sources estimate that Kerala is home to around 20 established medical-technology companies with approximately Rs 7,350 crore in annual turnover. Including small and medium enterprises, the state has nearly 60 registered medical device manufacturers out of about 900 nationwide, contributing an estimated 20-25% of the country's production.
Several companies are leaders in their segments. Thiruvananthapuram-based Terumo Penpol is India’s largest blood-bag manufacturer; Dentcare Dental Lab in Muvattupuzha is Asia’s largest producer of dental products; Kochi-based Agappe Diagnostics is India’s leading in-vitro diagnostics company; and Kochi-based NeST is an original equipment manufacturer for multinational companies including GE and Philips.