CINDE Press Release – The Costa Rican Investment Promotion Agency (CINDE) will be participating at this year’s MD&M West event in Anaheim, California.

Learn more and identify key investment opportunities in Costa Rica to gain competitive advantages for your business.

When: Feb. 9 – 11 at the Anaheim Convention Center in Anaheim, California.

Where: Booth 1647- Hall D.

Did you know that:

• Medical Devices are Costa Rica´s #1 export product
• Investment in incentives as low as 0% in income tax are offered by Costa Rica for MedTech projects.
• The 2nd largest exporter of Medical Devices in Latin America is Costa Rica
• The 7th provider globally of Medical Devices to the US is Costa Rica
• The highest availability of engineers and researchers in Latin America are found in Costa Rica. (World Economic Forum, 2015-2016) 
  

Yes, these are just some of the reason why Costa Rica has become a global player in MedTech.

Request a Meeting:

CINDE´s Team of Life Sciences Executive experts will be there to address all the business opportunities and inquiries you might have.

General Director for CINDE – Sr. Jorge Sequeira at [email protected]

Sr. Investment Promotion Executive – Life Science Sector at [email protected]

Mariana Bustamante

Investment Promotion Executive – Life Science Sector at [email protected]

“Costa Rica has emerged as a leading location globally, outside of Europe, for MedTech investment, attracting 47 MedTech projects over a five-year period including 18 in 2012, and ranking 7th globally in terms of the number of manufacturing projects ahead of the Netherlands, Brazil and Mexico, between 2008 and 2012.” (MEDTECH REPORT 2014 – Oxford Intelligence)

The country has evolved over the years from producing Class I to Class III medical devices including aesthetics, cardiovascular, dental, endoscopy, medication delivery systems, neuro-endovascular, neuro-modulation, optics, orthopedics/sport medicine/ENT & surgical/diagnostics components; which now serve markets in America, Europe, Asia and Oceania. Costa Rica is now the second largest exporter of Medical Devices in Latin America and among the top 7 suppliers to the US market.

Exports of medical devices have grown at an average annual rate of 11.3% in the last decade (from US$533 million in 2003, to US$1,559 million in 2013)

Exports of Precision and Medical Equipment (P&EM) grew from 2% of total industrial exports in 1998, to 18% in 2013.