About Life Sciences Sector in Costa Rica
With over 280 multinationals and more than 65 medical device corporations operating in the country, it has emerged as a leading hub for MedTech investment, attracting 47 projects over a five-year period.
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Companies have made Costa Rica their hub for creating a competitive, solid business operation.
Why?
- A skilled workforce positions the country as #1 in production process sophistication in LATAM, where corporations produce Class I to Class III devices and export to the word.
- A competitive tax incentives package with as low as 0% income tax for true ROI.
- With the #1 educational system in LATAM, a strong command of English, western cultural affinity and its people´s thirst for new challenges; the nation ranks #1 in Innovation in Latin America.
- Life Sciences companies are now executing R&D processes in Costa Rica.
- Centric location: at the heart of the Americas, with access to West and Eastern seaboards from the Pacific and Caribbean.
- Open for business: with over 14 FTAs Costa Rica provides preferential access to a 2.5 billion people market
- All concentrated in the safest country and the second most stable democracy in LATAM. An ideal climate for success.
Medical Devices and Medtech in Costa Rica
Innovation, education and thirst for
knowledge are embedded in our DNA...
MEDICAL DEVICES
Costa Rica is the 2nd largest exporter of Med Devices in Latin America and 7th supplier to the US. It hosts 5 global cardiovascular leaders. Medical devices were Costa Rica´s #1 export product in 2015.
PHARMA
Clinical research (R&D) activities, regional branch support and shared services operations are some of functions delivered by pharmaceutical companies in Costa Rica including Baxter, Bayer, Roche, GSK and Pfizer.
SOURCE: CINDE 2016
BIOTECHNOLOGY
Ranked #1 in Quality of Scientific Research Institutions and University-Industry Collaboration in R&D in LATAM, Costa Rica executes research in several areas: Agricultural, Human, Environmental, Food, Surveillance, Plant, Marine and Natural Medicine.
