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Mexican MedTech Market, Forecast to 2028

Mexican MedTech Market, Forecast to 2028

Nearshoring and Domestic Manufacturing to Drive Future Growth Potential

RELEASE DATE
26-Aug-2024
REGION
Global
Deliverable Type
Market Research
Research Code: KADC-01-00-00-00
SKU: HC_2024_941
AvailableYesPDF Download
$2,450.00
In stock
SKU
HC_2024_941

Mexican MedTech Market, Forecast to 2028
Published on: 26-Aug-2024 | SKU: HC_2024_941

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Description

The report analyzes the Mexican MedTech market, including a forecast analysis on key market segments, such as cardiovascular devices, drug delivery devices, hospital supplies, patient monitoring devices, urology-gynecology devices, and robotics.

The Mexican MedTech market 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. Healthcare stakeholders will continue to incorporate digital health solutions in Mexico. Technologies such as robotics, wearables, mobile health applications, 3D printing, augmented and virtual reality, telemedicine, and electronic health records will be at the forefront in driving growth.

Risks such as regulatory delays, lack of infrastructure investments, current infrastructure deficiencies, concerns related to corruption and fraud, and perceptions of insecurity will pose key challenges to growth.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Mexican MedTech Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Analysis Highlights

Market Segmentation

Growth Metrics

Mexican MedTech Market Dashboard

Forecast Methodology and Assumptions

Revenue Forecast by Segment: Mexican MedTech Market

Revenue Forecast by Segment: Mexican MedTech Market (continued)

Cardiovascular Devices: 2023 Market Snapshot

Drug Delivery Devices: 2023 Market Snapshot

Patient Monitoring Devices: 2023 Market Snapshot

Hospital Supplies: 2023 Market Snapshot

Hospital Supplies: 2023 Market Snapshot (continued)

Robotics: 2023 Market Snapshot

Urology-Gynaecology: 2023 Market Snapshot

Growth Drivers and Restraints

Top 5 Mexico Economic Highlights of 2023

Top 5 Mexico Economic Highlights Projected for 2024

Healthcare Spending

Healthcare Availability

Nearshoring

Manufacturing Risks

Medical Tourism

Digitalization

Hospitals

Conclusions and Future Outlook

Sources

Glossary

Growth Opportunity 1: Nearshoring and Manufacturing

Growth Opportunity 1: Nearshoring and Manufacturing (continued)

Growth Opportunity 2: Digitalization

Growth Opportunity 2: Digitalization (continued)

Growth Opportunity 3: Remote Care

Growth Opportunity 3: Remote Care (continued)

Growth Opportunity 4: Advanced Low-cost Solutions for Local Market

Growth Opportunity 4: Advanced Low-cost Solutions for Local Market (continued)

Growth Opportunity 5: Catering to the Needs of the Aging Population

Growth Opportunity 5: Catering to the Needs of the Aging Population (continued)

List of Exhibits

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The report analyzes the Mexican MedTech market, including a forecast analysis on key market segments, such as cardiovascular devices, drug delivery devices, hospital supplies, patient monitoring devices, urology-gynecology devices, and robotics. The Mexican MedTech market 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. Healthcare stakeholders will continue to incorporate digital health solutions in Mexico. Technologies such as robotics, wearables, mobile health applications, 3D printing, augmented and virtual reality, telemedicine, and electronic health records will be at the forefront in driving growth. Risks such as regulatory delays, lack of infrastructure investments, current infrastructure deficiencies, concerns related to corruption and fraud, and perceptions of insecurity will pose key challenges to growth.
More Information
Deliverable Type Market Research
Author Utkarsha soundankar
Industries Healthcare
No Index No
Is Prebook No
Podcast No
WIP Number KADC-01-00-00-00