Surge in Costa Rican exports of surgical implants

Costa Rica earned US$80 million from exports of surgical implants in the first four months of 2008, a 40 percent year-on-year increase, the Foreign Trade Ministry reported.

Thursday, May 22, 2008

The United States, Ireland an Australia are the principal markets for what has become a leading export of Costa Rica's medical industry.
Costa Rica has displaced Germany as the second leading exporter of medical implants to the United States, according to US trade figures.



More on this topic

Tender for $17 Million In Medical Supplies

September 2019

The Costa Rican Social Security Fund tenders the supply of complete primary total hip replacement systems, partial prostheses and other inputs.

Costa Rica Government Purchase 2019LN-000028-5101:

"Lines to contract:

-1,896 Total primary knee prosthesis systems with and without posterior cruciate ligament preservation.

Potential of the European Market

November 2017

In the last ten years, exports from Costa Rica to countries in the European Union grew from $840 million in 2007, to $1.678 billion in the third quarter of this year.

Medical devices, bananas, pineapples, and coffee are some of the products responsible for most of the growth in exports to European countries in recent years.  For example, as of September of this year, Procomer figures indicate that "... the European Continent represented 22% of sales this third quarter, with a total of US $1.753 billion (+ US $146 million). Among the main drivers, were: banana, with exports to Belgium, the United Kingdom and Ukraine; medical devices, which boosted exports to Belgium and the Netherlands; as well as greater exports of pineapples to Portugal and coffee to the Netherlands."  See "Costa Rica: Foreign trade figures as of September 2017"

Costa Rica: $20 million for Medical Implants

September 2015

Two US investment funds will be investing in the Costa Rican company Establishment Labs, a manufacturer of breast implants.

From the press release by Establishment Labs:
Our mission is to make breast aesthetics safer and better for women worldwide by delivering a world class technology platform that promotes women's health and enables the strategic adoption of Motiva as the brand of choice in the market,” said Juan José Chacón-Quirós, CEO of Establishment Labs. “The investment and partnership from Crown Predator and JW Asset Management and the global relationships and experience they provide will enable us to accelerate investment in our technology, grow our customer base, and scale our business to meet growing demand. We are excited to officially begin the journey to bring our next generation Motiva implants to the United States, the largest market for breast aesthetics in the world."

Sale of medical implants increase in Costa Rica

September 2008

Export of implants for medical purposed, especially silicone breast implants and those used for weight-loss, have shot up in the last year.

According to records from the Foreign Trade Promoter (Procomer), the country exported US$134 million in these types of articles between January and June, or 452% more than sales for the same period in 2007 ($24 million).

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