MEXICO MEDICAL DEVICES MARKET

INTRODUCTION

Mexico is Latin America's second-largest market for medical devices. Mexico is the top medical importer in Latin America due to rising health care costs and the purchase of new technologies.

The sophisticated medical device industry in Mexico places a high priority on cutting-edge, superior medical technology. Due to the consequently high frequency of non-communicable illnesses including cancer, cardiovascular disease, pulmonary disease, and metabolic disorders, 

Mexico's healthcare system has had to expand to keep up. The greatest goods will be those that produce excellent healthcare results while being reasonably priced. The most popular medical gadgets are those used for prophylaxis, diagnostic imaging, dental items, patient assistance, orthopaedics, and prosthetics.

MEXICO MEDICAL DEVICES MARKET SIZE AND FORECAST

 The Mexico Medical Devices market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.

MARKET DYNAMICS

Launch of the NuvoAir respiratory platform in Mexico. Asthma and COPD are among the main causes of mortality in Mexico, where respiratory disorders are an increasing public health problem.

The Inpharamo team, which has previously launched digital health solutions in the Mexican market, is working with NuvoAir. To make the NuvoAir diagnostic and digital therapies platform accessible to thousands of doctors and patients, Inpharamo will distribute NuvoAir products to a diverse range of clients and partners. 

Mexico is a leader in the implementation of telemedicine and digital health solutions, and it is the second-largest market in Latin America for medicines and health technology.

A firm called NuvoAir specializes in digital therapies with the goal of enhancing the lives of people with respiratory diseases. The linked ecosystem of NuvoAir interprets patient data to direct a more individualized strategy to enhancing the results of chronic respiratory patients' health.

The Federal Commission for the Protection against Sanitary Risk (COFEPRIS) has given AliveCor, the pioneer of AI-based, personal ECG technology and a provider of enterprise cardiology solutions, permission to introduce KardiaMobile in Mexico.

AliveCor is collaborating with Inpharamo, a provider of medical solutions with headquarters in Mexico, to spread the medical-grade ECG throughout the nation and increase AliveCor's global reach. Customers can get real-time, medical-grade reports on their heart activity from KardiaMobile, which can help them manage their heart health in a brand-new way.

RECENT PRODUCT DEVELOPMENT IN MEXICO MEDICAL DEVICES MARKET

Leading polymer producer Covestro today announced the introduction of new hard materials for housings and components for medical equipment.

With the use of next-generation flame retardants, the new Makrolon M6011 FR medical polycarbonate and Makroblend M5005 FR medical polycarbonate/polyester blend offer a distinctive mix of qualities that boost chemical resistance.

These two novel materials offer better disinfection resistance in response to today's demanding market needs for housings of medical equipment as Hospital Acquired Infections (HAIs) rise and the COVID-19 epidemic persists.

Mexico offers competitive cost benefits, total operational efficiencies, and more flexibility for the production of medical devices, allowing businesses to concentrate on R&D, sales, customer support, and growth management. North America's highest concentration of medical device manufacturing businesses is in Baja California, more especially Tijuana.

Nebulizers, oxygen sensors, sterile fluid-patch disposables, orthodontic braces, catheters, and disposable surgical tools are a few examples of the medical supplies and gadgets made in Baja California.

The nearshore platform in Mexico provides engineering, protection of intellectual property, quality control, and safety certification, particularly for the production of sensitive goods for the U.S., Canadian, and European markets. While enjoying significant labour cost reductions, manufacturing medical equipment in Mexico offers the same level of quality and safety as manufacturing them at home.

A new medical manufacturing facility has opened in Tijuana, Mexico, according to a statement from UFP Technologies, Inc. The FDA-registered, 84,000 square foot facility will offer clean room and clean space medical device assembly.

The BioElectronics RecoveryRx Pain Relief Device may now be imported into Mexico, according to the company's announcement that its distribution partner in Mexico has been granted permission by the Mexican FDA (Cofepris). RecoveryRx® has secured exclusive distribution rights in Mexico through a contract with Novro Med S.A. de C.V.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perMexico Medical Devices marketright now and how will it change in next 5-6 years?
2. Average cost to set up aMedical Devices marketinMexico?
3. How manyMexico Medical Devices marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aMexico Medical Devices marketand key vendor selection criteria
6. Where is theMexico Medical Devices marketmanufactured? What is the average margin per equipment?
7. Market share ofMexico Medical Devices marketmanufacturers and their upcoming products
8. The most important plannedMexico Medical Devices marketin next 2 years
9. Details on network of majorMexico Medical Devices marketand pricing plans
10. Cost advantage for OEMs who manufactureMexico Medical Devices marketin-house