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Costa Rica is a hotspot for makers of medical devices

Friday, November 16, 2012

Costa Rica's medical device sector started in 1987 with the installation of a top company, Baxter Healthcare. Since then, the industry has been evolving and growing in size and complexity.

Today, the sector plays an important role in Costa Rica’s economy. In 2011, exports of medical devices accounted for 3 percent of the country’s GDP.

Costa Rica’s Investment Promotion Agency can take part of the credit. They’ve done an extraordinary job attracting more than 40 medical device companies. The stable democracy, educated workforce, and tax benefits didn’t hurt either.

Source: MedCity News