Mexican MedTech Industry: How Can New Strategies Drive Innovative Growth Opportunities?

Nearshoring and domestic manufacturing to drive future growth potential

Overview

This analysis explores Mexican medical technology (MedTech) industry segments, such as cardiovascular devices, drug delivery devices, hospital supplies, patient monitoring devices, urology-gynecology devices, and robotics.

The Mexican MedTech industry grew steadily in 2023, mainly because of an increasing aging population and the strong nearshoring of medical device manufacturing activities, with multiple companies investing in manufacturing facilities in Mexico. Many major medical device companies’ manufacturing facilities were already present in the country. Furthermore, new companies started investing in Mexico because of its proximity to the United States and supportive government policies.

  • What are the key growth drivers in the Mexican MedTech industry, particularly for segments like cardiovascular devices and drug delivery devices?
  • How can the adoption of electronic health records enhance operational efficiencies and improve patient outcomes in the Mexican healthcare system?
  • How can emerging technologies such as robotics, wearables, mobile health applications, 3D printing, augmented and virtual reality be integrated into existing manufacturing processes to drive innovation and growth within the MedTech landscape?

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