- Experts to analyze the industry’s competitiveness and challenges
- Opening panel to discuss human talent, Free Trade Zone Regime, and investment climate in Costa Rica
May. More than 400 national and international experts will meet this Wednesday, May 24, and Thursday, May 25 to analyze the main challenges and opportunities for the medical device industry worldwide.
The event, called MedDevice Forum, is held in Costa Rica and it is the most important medical technology symposium of the year. In total, it consists of 3 panels and 5 lectures with national and international experts, as well as 34 participating companies, with the co-organization of the local Free Trade Parks Coyol Free Zone and Evolution Free Zone.
Carlos Wong, Managing Director of Coyol Free Zone, stated: “The presence of international experts of the highest level in our country is a sign of Costa Rica’s weight within the Life Sciences industry. This participation is the result of an effort to demonstrate that we have the technology, human capital, experience, and an excellent ecosystem to host the best medical device companies in the world”.
During the MedDevice Forum, critical issues affecting the industry will be addressed and solutions to the challenges it is currently facing will be sought. Contract manufacturers, suppliers, consultants, investors, and academics from the sector will be present to learn first-hand about the tools that enable them to compete in today’s business environment.
Costa Rica makes inroads into the industry
Currently, 52% of the country’s medical device exports come from Coyol Free Zone, a Free Trade Zone located in Alajuela, Costa Rica. Thanks to this, the country will lead the first MedDevice Forum panel, under the name “Introduction to the Medical Device Manufacturing Community in Costa Rica. A Look at the Region and the Free Zone Business”.
This panel will be led by representatives of Promotora de Comercio Exterior (PROCOMER), Asociación de Empresas de Zonas Francas de Costa Rica (AZOFRAS), and Coalición Costarricense de Iniciativas de Desarrollo (CINDE).
During the last period, Costa Rica exported close to US$4,569 million in Precision and Medical Equipment, of which just over US$2,088 million represent medical devices manufactured in the Coyol Free Zone, or approximately 2.76% of the Gross Domestic Product (GDP) in 2021.