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Several factories that produce medical devices are located in Puerto Rico. Instruments for surgery and medicine, items for the eyes, dental and orthodontic supplies, dentures and appliances, lab equipment, and furniture.
The major multinational pharmaceutical companies are based in Puerto Rico. Numerous businesses have multiple locations on the island.
Puerto Rico produces around 20 different kinds of pharmaceuticals, including contraceptives, tranquillizers, laxatives, anti-diabetic medications, vasodilators, and hypertension treatments. a skilled and competitive workforce. With 50 years of pharmaceutical production experience.
What’s promoting Puerto Rico’s expansion in this field:Compliance with the International Arms Trafficking Regulation (ITAR): As a US territory, Puerto Rico abides by this law that restricts access to defence and military technologies to US nationals solely.
Highly educated workforce: At the Polytechnic University of Puerto Rico and the University of Puerto Rico, Mayagüez campus, Puerto Rico is home to two of the nation’s 35 largest engineering programmes. More than 20,000 STEM (Science, Technology, Engineering, and Mathematics) degrees in engineering, technology, and science are granted by the island’s universities each year.
Puerto Rico medical devices market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In the location, the business’s Bard Shannon division manufactures products like catheters and scaffolding for the treatment of hernias and vaginal prolapses.
At the Las Piedras factory, Bard will reorganise existing space to manufacture 33 more goods, including cardiopulmonary equipment and more mesh products to aid in the repair of vaginal prolapse and hernias.
To fill the positions created by the growth, Bard will also hire fresh manufacturing, engineering, and scientific talent. There are currently more than 360 employees.
Within a week, the German manufacturer of medical devices Sartorius will launch a larger site. Bard will use the new plant in Puerto Rico to manufacture more than 31 goods that were previously produced in other states and nations.
