• 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.

About Coyol Free Zone

Coyol Free Zone is the leading medical device export park in Costa Rica, exporting over US$2 billion per year, which is equivalent to 30% of the exports of the manufacturing segment of the country’s Free Zone Regime.
For the past three years, it has been part of the Top 10 Free Trade Zones in the World and was named the Best Free Trade Zone in the Americas, in the Top 10 worldwide, and Honorable Mention for Environmental Practices, Infrastructure, and Logistics, by fDi Intelligence in 2022.
In addition, it is the Best Free Trade Zone in Latin America and the Caribbean, the Most Innovative Free Trade Zone of the Year, and the Best Business Center for Life Sciences and Advanced Manufacturing, according to The European magazine, as well as the Most Resilient Free Trade Zone in the World before Covid-19, according to Investment Monitor in 2021.