Mexico Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Mexico Medical Devices Report
Product Price
$1,295.00

BMI View: Mexico will remain the second largest Latin American market . It will benefit from stronger economic growth ahead . I mports will remain high but still represent half the value of exports, due to intensive maquiladora activities directed to the USA, Mexico's leadin g trade partner. Market competition will drive prices down and increase access to the latest medical devices.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 4,036.0 32.6 53,720.1 433.9 13.3
2015 3,918.8 31.3 57,802.1 461.5 14.8
2016 4,257.3 33.6 62,582.7 494.2 14.7
2017 4,649.9 36.3 67,424.1 526.8 14.5
2018 5,014.9 38.8 72,214.2 558.3 14.4
2019 5,465.2 41.8 77,605.7 594.0 14.2

Latest Updates And Key Forecasts

  • We forecast that the market will record a 2014-2019 CAGR of 6.3% in US dollar terms, down from a 2009-2014 CAGR of 8.9%, which will take expenditure to USD5.5bn. The moderate dollar growth will reflect a modest appreciatory trend of the local currency over a multiyear timeframe, preceded by downward pressure in 2015 and 2016.

  • Import growth will remain moderate in US dollar terms in 2016, hindered by the downward pressure on the Mexico peso in the months ahead. Preliminary monthly trade data show that imports increased by 4.1% in US dollar terms to USD3.9bn in the 12-month period to December 2015.

  • Mexico will record moderate to strong export growth in 2016, almost entirely driven by a more stable US economy, the downward pressure on the Mexico peso in the months ahead and US manufacturers' maquiladora activities. Preliminary monthly trade data show that exports recorded growth of 8.3% in US dollar terms to USD8.5bn in the 12 months to December 2015.

  • The Federal National Commission for Protection against Health Risks (COFEPRIS - Comision Federal para la Proteccion contra Riesgos Sanitarios) has launched efforts to improve its third-party review (TPR) process and reduce registration timeframes for 2016. COFEPRIS, with support from Emergo consultants in Mexico City, intends to implement a more consistent and uniform auditing process for TPRs.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2009-2019 (USDmn)
20
Table: Consumables Market, 2010-2019 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
25
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
29
Table: Dental Products Market, 2010-2019 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
33
Artificial Joints
33
Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
37
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
66
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
67
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2014
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
75
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
78
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
81
Industry Risk/Reward Index
82
Table: Americas Medical Device Risk/Reward Index, Q116
83
Market Overview
84
Medical Device Market Overview
84
Table: Medical Device Market, Key Ratios, 2014
84
Table: Medical Device Market By Product Area, 2014
85
Healthcare Overview
85
Health Status
85
Healthcare System
87
Healthcare Funding
88
Healthcare Resources
89
Table: Selected Diagnostic Imaging Technology, 2008-2013
91
Table: Selected Public Medical Technology By Type, 2008-2013
92
Healthcare Activity
93
Healthcare Personnel
94
Key Healthcare Data
94
Table: Key Healthcare Data, 2010-2015
94
Industry Trends And Developments
97
Industry Trends & Developments
97
Table: Leading Medical Device Suppliers, 2009-2014 (USDmn)
98
Table: Leading Medical Device Destinations, 2009-2014 (USDmn)
100
Regulatory Development
104
Medical Device Regulations
104
Competent Authority
104
Regulations
104
Registration
105
Table: Summary Of Technical Requirements By Class Type
106
Table: Registration Costs By Class Type, 2015 (MXN)
108
Labelling
109
Market Vigilance
109
Medical Device Pricing & Reimbursement
110
Public Reimbursement
110
Public Health Technology Assessment
111
Public Procurement
111
Competitive Landscape
113
Domestic Medical Device Production
113
Production Reported By INEGI
113
Table: Production By Type, 2003-2012 (MXNmn)
113
Domestic Medical Device Manufacturing
115
Overview
115
Producers Reported By INEGI
115
Table: Producers By Type, 2007-2012
115
Employees Reported By INEGI
116
Table: Employees By Type, 2009-2012
116
National Medical Device Manufacturers
118
Multinational Medical Device Manufacturers
122
Multinational Medical Device Market Activity
133
Table: Multinational Market Activity, 2015
133
Medical Device Market Access
135
Administrative Divisions
135
Distribution
135
Customs Duties
135
Trade Agreements
136
Trade Associations
137
Table: Members Of AMID, 2014
137
Table: Members Of ANDIS, 2014
138
Table: PAPS And RSD Members Of CANIFARMA, 2014
140
Table: Members Of Cluster De Productos M-dicos De Las Californias, 2014
142
Trade Shows/Congresses
144
Methodology
146
Forecast Methodology
146
Trade Code Classifications
147
Table: Rearranged HS Trade Codes
148
Risk/Reward Index Methodology
151
Table: Medical Devices Risk/Reward Index Indicators
152
Sources
154
Contact
155

The Mexico Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Mexico provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Mexico Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Mexico, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Mexico.
  • Target Business Opportunities in the Mexico Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Mexico.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.