#Costa Rica #Technological Advancements #Anaheim #MD&M West

Costa Rica's Presence at MD&M West 2025

Costa Rica stands at the forefront of innovation and sustainability as it prepares to participate in the MD&M West 2025 event. Scheduled for February 4 to 6, 2025, this event in Anaheim, California, is pivotal for the medical device industry, and Costa Rica aims to cement its status as a key player in this sector.

A Leader in Life Sciences

The Trade and Investment Promotion Agency of Costa Rica (PROCOMER) leads the country's delegation which includes 15 exporting companies and four Free Trade Zone parks. This delegation has a rich history of participating in the MD&M West trade show, which has become an essential occasion in the Americas for medical device promotion. The primary goal of this participation is to forge strategic partnerships and attract new investment projects through targeted business meetings and networking opportunities.

Costa Rica's reputation in advanced manufacturing is resounding, backed by its skilled workforce, political stability, and commitment to sustainability. Laura López, the General Manager of PROCOMER, emphasizes that the nation aims to expand opportunities and generate employment through Foreign Direct Investment (FDI) while also optimizing its trade relationships.

Showcasing Expertise

This year, Costa Rica’s presence at the MD&M West trade show will spotlight its impressive capabilities in high-precision manufacturing, cleanroom assembly, automation technology, and advanced packaging solutions. The Costa Rican delegation will not only showcase their products but will also conduct meetings with international buyers at the COSTA RICA Country Brand stand, strategically located at booth number 3339.

La Lima Free Zone has been an active participant in previous MDM editions, reflecting Costa Rica's strong commitment to the medical device sector. As Carolina Umaña, the Commercial Manager of La Lima Free Zone, states, “Our value proposition includes adaptable spaces and access to a highly skilled workforce.” This business park prides itself on having the lowest employee turnover rate in the nation, making it an appealing option for global corporations seeking a stable environment for growth.

Moreover, Tico Electronics, traditionally focused on the aerospace industry, has witnessed growing demand for its electromechanical products in the medical sector post-pandemic. This will be their inaugural participation in MD&M West, and the support from PROCOMER has solidified their presence at the Costa Rican stand. Marko Mileta, the General Manager of Tico Electronics, notes that this highlights the importance of local supplier ecosystems being strengthened through strategic initiatives.

Key Market Insights

The United States remains the largest market for Costa Rican medical device exports, accounting for an impressive 64% of total exports from the sector. With over 1,400 exhibitors expected at MD&M West, Costa Rica is presented with an unparalleled opportunity to position itself as a global leader in life sciences and advanced manufacturing. The event not only underscores Costa Rica's competitiveness but also highlights the excellence of its offerings in the medical sector.

Ending 2024, Costa Rica's total exports to the U.S. reached approximately $5.915 billion. This remarkable figure reiterates the significance of the U.S. market for Costa Rica’s economy and its integral role in the country’s global ambitions. The performance of Costa Rica in the medical devices industry reflects the high quality of its products and the robust demand in the marketplace.

Conclusion

With Costa Rica's strong commitment to technological advancements and sustainability, its participation in MD&M West 2025 is set to reinforce its status as a key player in the global medical device market. By focusing on creating meaningful partnerships and encouraging investment, Costa Rica is poised to enhance not only its economy but also further its reputation as a leader in life sciences.