Mexico Medical Devices Report

Published 14 May 2015

  • 180 pages
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Mexico Medical Devices Report

BMI Industry View: We forecas t a high 2013-2018 CAGR of 13.4 % in US dollar terms, taking the medical device market to USD 6.9 bn. Mexico will remain the second largest market in Latin America. I mports remain high but represent half the value of exports, as the country operates intensive maquiladora activities directed to the USA, Mexico's leading trade and investment partner. Mexico has strengthened its regulatory environment in recent years, but its power in Latin America is restricted by Brazil.

Headline Industry Forecasts

  • We forecast that the medical device market will achieve a 2013-2018 CAGR of 13.4% in US dollar terms and 11.5% in local terms. This will take the market from an estimated USD3.7bn in 2013 to USD6.9bn in 2018, putting Mexico within the top fastest growing markets in the world. Mexico will remain the second largest market in Latin America.

  • Mexico will remain the top medical device importer in Latin America in 2015, ahead of Brazil. We believe that import growth will remain high in US dollar terms in 2015, as a significantly stronger consumer offsets the negative impact of a weaker exchange rate. The USA will remain the leading supplier. In US dollar terms, imports grew by 9.7% in 2014, reaching USD3.7bn, while imports recorded a 2008-2013 CAGR of 6.9%.

  • Mexico will remain the leading medical device exporter in Latin America, ahead of Brazil. With over 90% of exports still shipped across the border to the USA, due to maquiladora activities, export performance will remain dependent on the USA. We believe that a more stable US economy and a stronger dollar are again encouraging strong export growth. In US dollar terms, exports grew by 11.3% to USD7.8bn in 2014, while exports registered a 2008-2013 CAGR of 6.4%.

  • For many, Mexico has become an extension of the USA. The country is manufacturing a demanding product mix, from defibrillators to diagnostic imaging equipment to traditional disposable medical devices.

Headline...

Table of Contents

BMI Industry View
9
SWOT
12
Medical Device Market
12
Political
14
Economic
15
Operational Risk
16
Industry Forecast
18
Medical Device Market Forecast
18
2008-2013 Performance
18
2013-2018 Performance
20
Table: Projected Medical Device Market, 2013-2018
21
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
22
Consumables Market Forecast
25
Bandages & Dressings
25
Suturing Materials
26
Syringes, Needles & Catheters
26
Other Consumables
26
Table: Consumables Market, 2008-2018 (USDmn)
27
Table: Consumables Market, 2009-2013 (USDmn % Change)
28
Diagnostic Imaging Market Forecast
30
Electrodiagnostic Apparatus
30
Radiation Apparatus
31
Imaging Parts & Accessories
31
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
32
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
33
Dental Products Market Forecast
34
Capital Equipment
34
Instruments & Supplies
35
Table: Dental Products Market, 2008-2018 (USDmn)
35
Table: Dental Products Market, 2009-2018 (USDmn % Change)
36
Orthopaedics & Prosthetics Market Forecast
37
Fixation Devices
38
Artificial Joints
38
Artificial Body Parts
38
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
39
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
39
Patient Aids Market Forecast
40
Portable Aids
40
Therapeutic Appliances
41
Table: Patient Aids Market, 2008-2018 (USDmn)
41
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
42
Other Medical Devices Market Forecast
43
Table: Other Medical Devices Market, 2008-2018 (USDmn)
44
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
45
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
50
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
51
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
53
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2013
59
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
62
Monthly Medical Device Imports
66
Table: Monthly Medical Device Imports By Product Area, December 2011 - December 2014 (USDmn)
66
Annual Medical Device Exports
68
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
73
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
74
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
75
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
76
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
78
Table: Detailed Medical Device Export Trends By Product Area, 2013
81
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
84
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
87
Monthly Medical Device Exports
91
Table: Monthly Medical Device Exports By Product Area, December 2011 - December 2014 (USDmn)
91
Macroeconomic Forecasts
93
Economic Analysis
93
Table: GDP By Expenditure (Mexico 2012-2019)
98
Industry Risk/Reward Index
99
Table: Americas Medical Device Risk/Reward Index, Q315
100
Market Overview
101
Medical Device Market Overview
101
Table: Medical Device Market, Key Ratios, 2013
102
Table: Medical Device Market By Product Area, 2013
103
Healthcare Overview
103
Health Status
103
Healthcare System
106
Healthcare Funding
107
Healthcare Resources
108
Table: Selected Diagnostic Imaging Technology, 2007-2012
111
Table: Selected Public Medical Technology By Type, 2008-2013
112
Healthcare Activity
113
Healthcare Personnel
114
Key Healthcare Data
114
Table: Key Healthcare Data, 2009-2014
114
Industry Trends And Developments
117
Industry Trends & Developments
117
Table: Leading Medical Device Suppliers, 2009-2014 (USDmn)
117
Table: Leading Medical Device Destinations, 2009-2014 (USDmn)
118
Regulatory Development
125
Medical Device Regulations
125
Competent Authority
125
Regulations
125
Registration
126
Table: Summary Of Technical Requirements By Class Type
127
Table: Registration Costs By Class Type, 2015 (MXN)
129
Labelling
131
Market Vigilance
132
Medical Device Pricing & Reimbursement
133
Public Reimbursement
133
Public Health Technology Assessment
134
Public Procurement
134
Competitive Landscape
136
Domestic Medical Device Production
136
Production Reported By INEGI
136
Table: Production By Type, 2003-2012 (MXNmn)
136
Domestic Medical Device Manufacturing
138
Overview
138
Producers Reported By INEGI
138
Table: Producers By Type, 2007-2012
138
Employees Reported By INEGI
139
Table: Employees By Type, 2009-2012
139
National Medical Device Manufacturers
141
Multinational Medical Device Manufacturers
144
Multinational Medical Device Market Activity
156
Table: Multinational Market Activity, 2015
156
Medical Device Market Access
158
Administrative Divisions
158
Distribution
158
Customs Duties
158
Trade Agreements
159
Trade Associations
160
Table: Members Of AMID, 2014
160
Table: Members Of ANDIS, 2014
161
Table: PAPS And RSD Members Of CANIFARMA, 2014
163
Table: Members Of Cluster De Productos M-dicos De Las Californias, 2014
165
Trade Shows/Congresses
167
Table: Exhibitors At AMO, 2015
167
Table: Exhibitors At Curso Anual De Anestesiolog-a Y Medicina Perioperatoria, 2014
169
Methodology
170
Forecast Methodology
170
Trade Code Classifications
171
Table: Used HS Trade Codes
171
Table: Rearranged HS Trade Codes
173
Risk/Reward Index Methodology
176
Table: Medical Devices Risk/Reward Index Indicators
177
Sources
179
Contact
180

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc