List of Medical Device Manufacturers in Mexico (2024)
by Pharmchoices
Major medical device manufacturers in Mexico include large multinationals like Philips Healthcare, Becton Dickinson (BD), Medline, Johnson & Johnson, Medtronic, GE Healthcare, Stryker Corporation, Cardinal Health, Welch Allyn, Abbott Laboratories, and Siemens Healthineers.
Mexico is the 7th largest medical device exporter worldwide, and the leader in Latin America. It is also the largest exporter of medical devices to the United States. Mexico generated 13.7 billion USD from exports and spent 7.1 billion USD on imports. The market is expected to grow at a compound annual growth rate (CAGR) of 8.6% in local currency terms from 2022 to 2027 reaching $9.3 billion by 2027.
The large medical device industry in Mexico is due to the low cost of production compared to China, and the US. Medical device companies in Mexico produce diagnostic devices, implants and prosthetics, surgical, consumables, and electronic monitoring devices.
Major medtech clusters in Mexico are Baja California, Chihuahua, Sonora, Jalisco, Nuevo León, Tamaulipas, and the Mexico City Metropolitan Zone. Baja California offers an added advantage to medical manufacturing companies. It is home to half of Mexico’s medical device manufacturing facilities (Medical Device Cluster of the Californias and the Cali-Baja Biotech Cluster).
The medical devices are exported to the US, Germany, France, Italy, Japan, Australia, etc.
