The Medical Device Industry in Mexico

In Mexico, the medical device industry is categorized as Class I, II or III, based on the risk involved in their use.

Class I: Inputs known in the medical field, whose safety and effectiveness are proven and are normally not introduced into the body.

Class II: Inputs known in the medical field that are normally introduced into the body and remain for less than thirty days.

Class III: Inputs recently accepted in medical practice, which are introduced into the body and remain for more than thirty days.

The main products exported from the sector were medical, surgical, dental or veterinary instruments and equipment, which accounted for 75.9% of Mexican medical devices exports.

In terms of global trade of medical devices, Mexico ranked:

  • The third largest exporter globally of medical, surgical, dental or veterinary furniture.
  • The third largest exporter globally of syringes.
  • The fourth largest exporter globally of tubular suture needles.

The sector in Mexico produced 13.3 billion dollars in 2016.

Using data by Global Trade Atlas, Mexico exported 9.0 billion dollars in 2016, ranking as the eighth largest medical device exporter globally, the largest in Latin America and the leading supplier to the United States.

Companies Established in Mexico

In 2016, 2,493 economic units specializing in medical devices operated in Mexico, mainly located in the states of Mexico City, Estado de México, Baja California, Jalisco and Guanajuato.

The country's main cluster is located in Baja California, its companies account for 50% of total exports by the sector and; in addition, it has 75 manufacturing plants. On the other hand, Bio Med Ciudad Juárez, has 20 companies.

The gradual increase in the number of employees in the medical device industry is a reflex of the growth of the industry. According to data by INEGI, 164,086 people were employed by this industry as of 2016.

Strengths of Mexican Medical Devices Industry

Competitive Costs. KPMG's study Competitive Alternatives 2016 shows that Mexico offers savings of 21.2% in medical instrument manufacturing costs, compared to the United States. Furthermore, Mexico offers cost advantages in areas such as plastics manufacturing, metal components and precision manufacturing.

Human Capital. Mexico has development capacity and highly competitive human capital. According to the National Association of Universities and Higher Education Institutions information, annually 125 thousand students of engineering, manufacturing and construction graduated from Mexican institutions.
Furthermore, there are about 777 educational programs related to biomedicine in the country.

Export Plataform. Mexico's location enables considerable savings in logistics and close monitoring of the manufacturing process; it facilitates plant inspection by health authorities and enables a rapid response to sudden changes in demand trends.

Human Capital. Mexico has development capacity and highly competitive human capital. According to the National Association of Universities and Higher Education Institutions information, annually 125 thousand students of engineering, manufacturing and construction graduated from Mexican institutions.
Furthermore, there are about 777 educational programs related to biomedicine in the country.

Export Plataform. Mexico's location enables considerable savings in logistics and close monitoring of the manufacturing process; it facilitates plant inspection by health authorities and enables a rapid response to sudden changes in demand trends.

Competitive Costs. KPMG's study Competitive Alternatives 2016 shows that Mexico offers savings of 21.2% in medical instrument manufacturing costs, compared to the United States. Furthermore, Mexico offers cost advantages in areas such as plastics manufacturing, metal components and precision manufacturing.

 

 

Medical Devices

    Economic Units

    Foreign Direct Investment 2016 (million dollars)

    Graduates from Industrial engineering, Mechanical, Electronic and Technology programs

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    Success stories

    Paramount Bed Holdings Co

    On September 2017, Paramount Bed, a Japanese producer of hospital medical devices, started operations at its new plant at El Marques, Queretaro. There was an investment of 3.7 million dollars and from this facility the company will supply Mexico, Latin America and the global market in the future.

    Parker Hannifin

    In 2016, Parker Hannifin, a manufacturer of technology and diversified control and movement systems, carried out an investment at Tijuana, Baja California for a facility to produce medical devices. This operation will allow the company to manufacture and deliver finished goods to supply its customers from the United States.