mexico medical devices – Global Health Intelligence – Healthcare Market Insights for Emerging Markets https://globalhealthintelligence.com The leading source for hospital data and market intelligence across Latin America and Asia. Mon, 01 Dec 2025 19:25:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://globalhealthintelligence.com/wp-content/uploads/2025/11/cropped-Profile-32x32.png mexico medical devices – Global Health Intelligence – Healthcare Market Insights for Emerging Markets https://globalhealthintelligence.com 32 32 Mexico’s medical device and equipment market: 8% growth YoY https://globalhealthintelligence.com/ghi-analysis/mexicos-medical-device-and-equipment-market-8-growth-yoy/ Fri, 05 May 2017 11:11:07 +0000 https://globalhealthintelligence.com/?p=5911/ Albeit Mexico’s currency depreciation in 2015 and 2016, the market for medical equipment, devices and consumables grew by 8% per year in volume, going from 2.0 billion units in 2014 to 2.4 billion units in 2016f. More importantly still, the value of the market expanded at a 13% CAGR going from $46 billion in 2014 to $60 billion dollars in 2016f.

Leading the trend were products related to artificial respiration; massage equipment; instruments and equipment using UV, visible or IR optical radiations; as well as CT Scanners, X-ray machines, radiography/radiotherapy equipment. In number of units, all these categories demonstrated a CAGR of over 20% from 2014 to 2016f.

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]]> Mexico, Brazil most-favored destinations in Latin America for medical devices manufacturing outsourcing https://globalhealthintelligence.com/news/mexico-brazil-favored-destinations-latin-america-medical-devices-manufacturing-outsourcing/ Tue, 05 Jul 2016 01:47:55 +0000 https://globalhealthintelligence.com/?p=2662 According to a research report published by Research and Markets, the global medical devices manufacturing outsourcing market is estimated to expand at a compound annual growth rate (CAGR) of 11.39% over 2016-2020. The report reveals that emerging economies such as China, India, Malaysia, Mexico, and Brazil are the most-recommended destinations for outsourcing of medical device manufacturing services owing to low cost of labor, high level of technical proficiency, and financing by governments as R&D investments to promote new product development. The major factor driving the growth of the market is the entry of new medical devices manufacturers, which has led to increased demand in the market. But these companies lack experience in manufacturing and have less capabilities. So, they seek to outsource manufacturing to get a high-quality product in a short time at a low cost. Simultaneously, major medical devices companies outsource manufacturing to not only take advantage of reduced costs but also position themselves strongly to serve better local markets of the emerging countries. However, tough competition prevailing in the market may confine growth.

 

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