Mexican Medtech Market Forecast Report 2024-2028: Strong Nearshoring Of Medical Device Manufacturing Activities, With Multiple Companies Investing In Manufacturing Facilities In Mexico
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.
Key Growth Opportunities:
- Nearshoring and Manufacturing Digitalization Remote Care Advanced Low-cost Solutions for Local Market Catering to the Needs of the Aging Population
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
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