Medical Device Manufacturing in Mexico
According to the World Health Organization the global market for medical devices in 2021 was valued at US$488.98 billion. North America alone contributed 38.4%, US$188.14 billion. Mexico is the leading exporter of medical devices in Latin America and is the leading supplier to the United States.
Due to its strategic location, its highly skilled workforce and its extensive free agreements network which provides duty-free access to 50 countries, including the EU, US, Canada, Japan, South Corea, among many others; top medical device companies have set up operations in Mexico.
According to data from the Mexican Association of Medical Device Manufacturers (AMISAN), there are approximately 550 medical device companies operating in Mexico. Total exports reached US$9.8 billion in 2020, A 4.6% increase over the previous year.
Leading international medical device companies have chosen Mexico as a strategic manufacturing hub. For example, all of the top 10 leading companies (in revenue) have operations in Mexico: Medtronic, Abbott, Johnson & Jhonson, BD, Siemens Healthineers, Fresenius Medical Care, Philips, GE Healthcare, Stryker and Cardinal Health
Some of Mexico's top export destinations for medical devices in 2020 included the United States, Canada, Germany, and Brazil.
If you are interested in exploring the potential of manufacturing medical devices or exporting your goods or services to Mexico, contact Capstone for a free initial 1hr consultation.