The California, USA-headquartered medical company, Shockwave Medical, a firm focus on developing Intravascular Lithotripsy (IVL) to treat severely calcified cardiovascular disease, has announced the opening of its operations in Costa Rica. 

“Costa Rica has emerged as an ideal location for the medical device manufacturing industry due to its world-class manufacturing solutions in a very cost-competitive environment complemented by a solid, highly trained talent pool and a business-friendly environment,” said Michael Maszy, Vice President of Operations at Shockwave Medical. 

According to the firm, they will make a significant investment of $40 million to build a 120,000 square meters world-class greenfield manufacturing facility in Coyol Industrial Zone in Alajuela Province.

This operation in Costa Rica will allow Shockwave to expand its current manufacturing capacity. This will be in addition to the company’s current production facility in Santa Clara, California. 

The company is driven by innovation to improve clinical outcomes for patients all over the world via its transformative IVL technology for the treatment of cardiovascular disease.

The new manufacturing facility will support Shockwave’s growing product portfolio with additional capacity, manufacturing redundancy and additional supply chain risk mitigation. 

Shockwave is looking to hire technically inclined and engineering-centric individuals with a passion to create medical devices in the areas of process engineering, quality assurance and operations. People interested to apply for a job vacancy should visit the firm's Careers site.

Even though new businesses are creating jobs in Costa Rica, the unemployment remains at 7.8%, according to the National Employment Survey. Data recorded from Dec. 2023 to Feb. 2024 shows more than 182,000 people without registered jobs. Of these, 107,000 are men, making up 58% of the unemployed people in the country.

Shockwave is one of many U.S. companies investing in Costa Rica. This week, World Wide Technology (WWT), a company based in St. Louis, Missouri, U.S.A. announced the expansion of its operations in Costa Rica.

 

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