PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1559499
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1559499
Mexican MedTech Market, Forecast to 2028
Nearshoring and Domestic Manufacturing to Drive Future Growth Potential
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
Transformation in the Mexican MedTech Market
- 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™
Growth Opportunity Analysis
- Analysis Highlights
- Market Segmentation
- Growth Metrics
- Mexican MedTech Market Dashboard
- Forecast Methodology and Assumptions
- Revenue Forecast by Segment: Mexican MedTech Market
- Cardiovascular Devices: 2023 Market Snapshot
- Drug Delivery Devices: 2023 Market Snapshot
- Patient Monitoring Devices: 2023 Market Snapshot
- Hospital Supplies: 2023 Market Snapshot
- 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 Universe
- Growth Opportunity 1: Nearshoring and Manufacturing
- Growth Opportunity 2: Digitalization
- Growth Opportunity 3: Remote Care
- Growth Opportunity 4: Advanced Low-cost Solutions for Local Market
- Growth Opportunity 5: Catering to the Needs of the Aging Population
- List of Exhibits
- Legal Disclaimer
