Mexico has established itself as the fifth largest producer of medical devices in the world, and it is expected to experience a growth of 7.2% by the end of 2024. According to Carlos Salazar Gaytán, president of the National Association of Health Suppliers (Anadim), this advancement will be supported by the arrival of new investments in the country, such as that of Fisher&Paykel, which plans to invest 100 million dollars to expand its production capacity in Mexico.
In 2023, medical device production in the country reached 18.139 billion dollars, and it is expected that this figure will rise to 19.499 billion in 2024, with projections to reach 30 billion dollars by 2034. Salazar highlights that Mexico stands out for being the most competitive country in terms of manufacturing costs, being 25% lower than in the United States and up to 6% lower than in China.
Companies such as Medtronic, Johnson & Johnson, Siemens Healthineers, Philips, Cardinal Health, and Fisher&Paykel have found optimal conditions in Mexico to expand their businesses. Salazar emphasizes that the sector has shown growth greater than that of the Mexican economy in previous years, with expectations of a 7.2% increase in 2024.
The medical device industry is preparing to increase its sales at Medical Expo 2024, which will be held from October 29 to 31 at the World Trade Center in CDMX, with the expectation of receiving more than 25,000 attendees.
