Costa Rica

Medical devices – the #1 export product of Costa Rica

$7.5 million

2023 export value

18%

Average annual increase in exports since 2017

2nd

Largest exporter of medical devices in Latin America

5th

Largest supplier of medical devices to the U.S.

14 of medtech’s 30 major multinationals have set up operations in Costa Rica

2017-2023

• Medtech companies have grown from 67 to 86
• Jobs increased from 22,399 to more than 55,000
• Number of original equipment manufacturers (OEMs) up by 39%
• Exports have doubled
• Number of jobs increased by 127%

2023: 42% of OEM exports were precision, medical equipment products

92 companies in the life sciences sector in Costa Rica

With the medical device sector’s steady growth and sophistication, Costa Rica has expanded to handle increasingly more complex processes within the life sciences global value chain. Today, the country manufactures and assembles Class I and II medical devices and has advanced in the design, development, and validation of Class III products.

SOURCE: https://www.cinde.org