Medical Devices: New Investment in Costa Rica

Between 2020 and 2023 Nevro plans to invest $21 million in the commissioning of an industrial plant of more than 3 thousand square meters in the Coyol Free Zone, in Alajuela.

Wednesday, December 2, 2020

The company based in California, United States, is dedicated to the manufacture of medical devices that are demanded by patients suffering from debilitating chronic pain, reported the Costa Rican Coalition of Development Initiatives (Cinde).

You may be interested in "Medical Equipment: Regional Market Figures."

Mr. Keith Grossman, Nevro's President, CEO and Chairman, said that "... as part of our growth plans to continue to move forward, Nevro is establishing global in-house manufacturing for its future product portfolio to ensure that we have the most effective cost structure and flexible capacity, while maintaining the highest level of quality control as we scale."

For Carlos Wong, General Director of Coyol Free Zone at Coyol Free Zone, "... The arrival of new companies is a good symptom of our economy and means a great opportunity for the country's human talent to continue contributing to the growth of the medical device sector."

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Medical Devices: New Investment in Costa Rica

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The company Medtronic inaugurated in Coyol Free Zone its new plant dedicated to the manufacture of precision medical devices, an investment with which it seeks to double its operations in the country.

Medtronic has a commercial presence in Costa Rica since 2015. Between 2017 to date, it has grown from 140 to more than 500 employees, and its plant manufactures components for medical devices used for spine surgeries, which are sold in several parts of the world, reported the Costa Rican Coalition of Development Initiatives (Cinde).

More Investment in Medical Device Manufacturing

May 2018

In Costa Rica, the manufacturer of medical devices for continence and ostomy, Coloplast, has announced that it will be building a manufacturing plant in La Lima free zone, in Cartago.

The company of Danish origin reported that " ...In January 2019, Coloplast will start operating in a temporary location, located next to what will be its new manufacturing plant. This will create the organizational bases for future expansion and let us get to know the local business environment."