After investing $100 million, Edwards Lifesciences opened its second heart valve manufacturing plant in La Lima, Cartago.
The 24,455-square-meter industrial plant is located in the La Lima Free Zone industrial park, according to the Costa Rican Coalition of Development Initiatives (Cinde).
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).
Agencia Farmacéutica Internacional, Meditek Services and Baxter are three of the companies that in the first quarter of 2019 were awarded contracts to provide medicines to public health institutions in the region.
An analysis of CentralAmericaData's Trade Intelligence unit provides data on the companies that were favored last year with contracts to supply pharmaceutical products and medical supplies to the different Ministries of Health and Social Security entities in Central American countries.
In Costa Rica, Thermo Fisher Scientific opened a new 1,400 square meter distribution center in Coyol Free Zone, Alajuela.
This investment represents the third expansion of the company in the country in 7 years, and with its new distribution center Thermo Fisher increased its installed capacity by 52%, reported the Costa Rican Coalition of Development Initiatives.
U.S. medical technology company Stryker announced the opening of a financial services center in the country, through which it will support its operations in the region.
From the statement of the Costa Rican Coalition of Development Initiatives:
San José, Costa Rica. November 5, 2018.Stryker, one of the world’s leading medical technology companies, announced it will open an office in Costa Rica, as it creates a hub for finance activities and services.
The medical device manufacturer Precision Concepts Medical Technologies will invest $5 million in the construction and operation of a new plant in Costa Rica.
According to the Costa Rican Coalition of Development Initiatives (Cinde), the health sector company's investment will focus on the construction of a building and the implementation of state-of-the-art technology.
The market for medicines in Colombia up to 2017 totalled $3.419 billion, of which 83% corresponded to sales of prescribed medicines, and the remaining 17% to OTC medicines.
A report by the Foreign Trade Promotion Office of Costa Rica details the characteristics of the pharmaceutical products market in Colombia, and highlights the opportunities available for companies in Central America that sell raw materials and supplies for manufacturing medicines.
In the first semester, sales of goods abroad totaled $5.718 billion, registering an increase of 6% with respect to the same period in 2017.
According to the latest report by the Ministry of Foreign Trade, during the first half of the five year period from 2014 to 2018, the country registered an average increase of 5% in exports of goods.
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