Introduction
In recent years, we have covered the Medical Device Market from a Mexican perspective. Now, as Veraque expands its regulatory affairs solutions across various countries, we present our latest report focusing on Costa Rica with up-to-date information from 2023.
In this article we will talk about the importation/exportation value in Costa Rica compared to other countries. We also add some guideliness about the healthcare system and the local market. This will help you to get a better picture of one of the top five markets regarding medical devices in Latin America.
The Costa Rican Market
After reviewing the Costa Rican central bank data bases and matching them with the UN’s, we found that Costa Rica is in the 30th place in terms of medical device importations (as referred in the table below) and the 8th place in exportations*
| Position | Country |
| 1 | USA |
| 2 | Netherlands |
| 3 | Germany |
| 4 | China |
| 5 | France |
| 6 | United Kingdom |
| 7 | Mexico |
| (…) 18 | Brazil |
| (…) 24 | Türkiye |
| 25 | Sweden |
| 26 | Denmark |
| 27 | Malaysia |
| 28 | Czechia |
| 29 | Thailand |
| 30 | Costa Rica |
*Notes:
The information is obtained based on the most representative tariff codes related to medical devices (HS: 9018).
Data up to February 2025.
Guides on the medical device market
For those keen on diving deeper into the intricacies of the medical device market in Costa Rica, we highly recommend the following guidelines, which offer information that can assist manufacturers, importers, and healthcare professionals in navigating the regulatory landscape effectively.
- Regístrelo, the Costa Rican online registration system.
- Classification for In- Vitro Diagnostics in Costa Rica.
- Classification and grouping for Surgical Instruments in Costa Rica.
Conclusions
As highlighted earlier, in 2023 Costa Rica ranked third among Latin American countries, such as Mexico and Brazil, for medical device importations and stood as the second LATAM country in exportations, making it to the top 10 globally. Given its strategic position, Costa Rica remains a key player in the medical device market, attracting significant international attention.
We look forward to providing you with new insights on the Medical Device Market once 2024 data become available. We trust you have found this article useful. If you need more information, please send us an email to [email protected]
