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 , recording moderate growth in US dollar terms in 2016 . 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%, reaching USD5.5bn. The moderate dollar growth rate reflects a depreciating MXN between June 2014 and June 2015, counterbalanced by a gradual appreciatory trend of the MXN over the coming years, although highly vulnerable to bouts of market volatility.

  • Import growth will remain moderate in US dollar terms, affected by currency rate fluctuations. The latest monthly trade data show that import growth slowed down to 4.8% in the three months to August 2015, taking the value to USD1.0bn. Imports recorded a higher growth of 7.6% to USD3.9bn in the 12-month period to August 2015.

  • Mexico will record strong export growth in the coming years, almost entirely driven by a more stable US economy, a strong dollar and US manufacturers' 'maquiladora' activities. The latest monthly trade data show that exports rose by 9.7% to USD2.2bn in the three months to August 2015. Exports recorded a higher growth of 11.0% to USD8.3bn in the 12 months to August 2015.

  • Mexico signed the Trans-Pacific Partnership (TPP) with 11 countries in October 2015, which still requires ratification from each signatory country. The Treaty will reduce medical device trade barriers for Mexico to penetrate Asia, but opportunities will be conditioned by strong bidirectional trade flows between Mexico and the USA, and the power of other Asian manufacturing powerhouses.

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
18
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)
26
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
27
Dental Products Market Forecast
29
Latest Updates
29
Structural Trends
29
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
30
Table: Dental Products Market, 2010-2019 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
33
Latest Updates
33
Structural Trends
33
Fixation Devices
33
Artificial Joints
34
Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
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, May 2014 - May 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, May 2014 - May 2015 (USDmn)
81
Industry Risk/Reward Index
82
Table: Americas Medical Device Risk/Reward Index, Q415
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, 2007-2012
91
Table: Selected Public Medical Technology By Type, 2008-2013
92
Healthcare Activity
93
Healthcare Personnel
93
Key Healthcare Data
94
Table: Key Healthcare Data, 2009-2014
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
103
Medical Device Regulations
103
Competent Authority
103
Regulations
103
Registration
104
Table: Summary Of Technical Requirements By Class Type
105
Table: Registration Costs By Class Type, 2015 (MXN)
107
Labelling
108
Market Vigilance
108
Medical Device Pricing & Reimbursement
109
Public Reimbursement
109
Public Health Technology Assessment
110
Public Procurement
110
Competitive Landscape
112
Domestic Medical Device Production
112
Production Reported By INEGI
112
Table: Production By Type, 2003-2012 (MXNmn)
112
Domestic Medical Device Manufacturing
114
Overview
114
Producers Reported By INEGI
114
Table: Producers By Type, 2007-2012
114
Employees Reported By INEGI
115
Table: Employees By Type, 2009-2012
115
National Medical Device Manufacturers
117
Multinational Medical Device Manufacturers
121
Multinational Medical Device Market Activity
132
Table: Multinational Market Activity, 2015
132
Medical Device Market Access
134
Administrative Divisions
134
Distribution
134
Customs Duties
134
Trade Agreements
135
Trade Associations
136
Table: Members Of AMID, 2014
136
Table: Members Of ANDIS, 2014
137
Table: PAPS And RSD Members Of CANIFARMA, 2014
139
Table: Members Of Cluster De Productos M-dicos De Las Californias, 2014
141
Trade Shows/Congresses
143
Methodology
145
Forecast Methodology
145
Trade Code Classifications
146
Table: Rearranged HS Trade Codes
147
Risk/Reward Index Methodology
150
Table: Medical Devices Risk/Reward Index Indicators
151
Sources
153
Contact
154

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.