Key data about the Medical Device ecosystem in Coyol Free Zone
Coyol Free Zone stands out as home to one of the most vibrant medical device hubs in the Americas. With over US$2 billion in annual exports reaching various parts of the world, it is a hotbed for product innovations.
But what makes us unique is the combination of 34 world-class companies in a competitive environment, including OEMs, manufacturing contractors, suppliers, as well as logistics and sterilization services, among others.
Read: With an extension of 264 acres of land, Coyol Free Zone hosts the operations of 31 companies, 7 of them among the Top 30 Medical Device companies in the world
Our infrastructure enables the direct export of Medical Devices from Costa Rica to various locations, resulting in substantial savings in production costs, transportation time, and warehousing.
Not only do we provide cutting-edge buildings and infrastructure development, but also a prime location for exports, near the main airport of Costa Rica, and just a few hours from the Pacific and Atlantic seaports.
The location of our industrial park in Costa Rica offers several advantages including favorable regulations, legal certainty, participation in the Free Trade Zone Regime, and a strategic geographic position in the heart of the Americas.
This allows us proximity to the United States and access to European markets through multiple treaties.
Read: Costa Rica: Privileged location connected to the world
Furthermore, the interaction between world-class firms enables the transfer of knowledge through shared spaces enjoyed by company managers and leaders, all supported and encouraged by our team, thus creating productive chains and strategic alliances.
The companies in Coyol Free Zone also benefit from trained talent in various Life Sciences areas through available programs and public – private alliances.
This entire ecosystem is based on a modern Park, up to date in terms of energy consumption, waste disposal, use of the latest technologies, and aligned with the Sustainable Development Goals.
It is worth noting that 84% of the established companies have opted to expand their operations within our Free Trade Zone. Moreover, seven of the world’s top medical device manufacturers have chosen us as the location for their facilities.
Additionally, we host a leading pharmaceutical company, and a provider of advanced testing solutions for semiconductors, electronic systems, and wireless devices, among others.
This demonstrates Coyol Free Zone’s ability to provide optimal conditions for smart manufacturing, catering to various industries seeking to establish or expand operations in the country.
Key data about the Medical Device ecosystem in Coyol Free Zone
The ecosystem of Coyol Free Zone is composed by many of the big players in the Medical Device industry. Its contribution and impact on the Costa Rican economy is undeniable, as they create thousand of quality jobs and are an important contributor to the export figures.
- Companies in our cluster provide: +23,000 quality jobs.
- Annual exports reported by the ecosystem: +US$2 billion.
- Total investment: +$400 million.
- Percentage of the free zone manufacturing exports in Costa Rica: 30%