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Costa Rica continues to establish itself as a key player in the global medical device industry. The MPO MedTech Forum held at the Convention Center in San José on April 25, 2025, provided a platform to explore this growth. Accudyn participated to share and gain valuable insights, especially with the launch of our new facility in Costa Rica later this year.

Accudyn Costa Rica

The MPO MedTech Forum is recognized as one of the most important events for the medical device industry in the region. Reinforcing the value of the discussions and the knowledge that was exchanged.

Key Discussion: “Lessons Learned: Establishing a Facility in Costa Rica”

A focal point of the forum was the panel discussion dedicated to the intricacies of establishing a medical device facility in Costa Rica. The panel was moderated by Patrick Lynch and featured industry experts:  

• Juan Ruiz, Resonetics
• Enrique Saborio, Shockwave Medical
• Carolina Sánchez, Procomer
• Carlos Valdes, Solesis

Valuable Insights for Industry Expansion:

The panelists shared valuable lessons learned, providing guidance for companies looking to establish or expand their presence in Costa Rica. Key takeaways included:

• Strategic Facility Development: The panel discussed the common temptation to complete construction in a single phase. However, they advised building in stages while maintaining a long-term vision, acknowledging the potential cost prohibitive nature of a single-phase approach. It was also advised that company policies should guide facility design, using the example of considering parking policies early in the planning process.  
• Prioritizing Human Resources: Juan Ruiz highlighted the critical need to hire a human resources professional early in the process, citing the importance of cultural knowledge for effective implementation. The importance of establishing a strong human resources department early in the process was a key takeaway, with emphasis on aligning company policies with Costa Rican culture.  
• Leveraging Support Entities: The availability of support from entities like Procomer was highlighted as crucial for facilitating the establishment process, offering detailed guidance and assistance with government procedures (This advisory is free)  
• Cultural Sensitivity: Recognizing and addressing cultural differences between the US and Costa Rica was deemed essential. Patrick Lynch noted that something that differentiates the way Costa Ricans work is their focus on project management, continuous improvement, and value proposition.  
• Talent Acquisition and Retention: Enrique Saborio stressed the importance of hiring the right talent for success. Strategies for effective hiring and retention were discussed, including the importance of balancing experienced hires with internal development and avoiding mass hiring from a single company. Carolina Sánchez emphasized the need to nurture talent to facilitate effective knowledge transfer within the organization. Cultivating a strong company culture was identified as a key retention tool, along with investing in employee development through scholarships and university partnerships. Communicating the company’s contribution to patient care was also emphasized as a way to boost employee engagement.  
• Investing in the Project Team: The need for adequate investment in the project team was underscored, acknowledging the scale and demanding nature of such a project and the importance of ensuring it’s not treated as a secondary task by the parent company’s team.  
• Costa Rica’s Appeal: The discussion highlighted several compelling reasons why Costa Rica is an advantageous location for medical device companies. Experts emphasized the access to a robust ecosystem of companies, resources, and expertise, as well as the unique opportunity to learn from others who have already navigated the establishment process. The significant concentration of medical device companies in the country was noted as a positive surprise for investors.  
• Essential Success Factors: The discussion concluded by summarizing the importance of thorough market and ecosystem knowledge, a robust business plan, and a strong, employee-centric company culture for achieving success in Costa Rica.  

We recognize that our clients rely on us not just for high-quality plastic components but also for industry expertise. Accudyn is a trusted plastic supplier and has a fully staffed engineering department with dedicated project engineers specialized in plastics engineering, giving us over 100 years of combined expertise. Working with a trusted partner like Accudyn from product development to production guarantees the best success for your medical device products. We trust that this recap of the MPO MedTech Forum in Costa Rica provides you with actionable insights and a deeper understanding of current trends.

Reference: MPO 2025, Forum Panel Lessons learned: Establishing a facility in Costa Rica