The market is dominated by domestic suppliers, as imports account for 34.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 58.1% of total demand in 2023. Mexico has the second largest market size for medical and surgical equipment regionally, with demand reaching USD7.0 billion in 2023. Cordis De Mexico SA de CV is the largest company in Mexico, generating 0.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 3.5% of total production value in 2023. The total number of companies increases in 2023, to 40,236 units. The costs of the industry increase by 22% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 25.6% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 65.5% of total production output. With production value of USD8.8 billion, Mexico accounts for 30.5% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Medical and Surgical Equipment in Mexico: ISIC 3311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Medical and Surgical Equipment in Mexico: ISIC 3311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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