Business Monitor International


Mexico Medical Devices Report

Published 24 January 2014

  • 184 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Mexico Medical Devices Report

Espicom Industry View: The Mexic an medical device market ranks second in Latin America. Espicom forecasts a high 2013-2018 CAGR of 15.0% in US dollar terms, taking the market to US$8.0bn. Medical device imports remain high but account for half of exports, as the country operates intensive maquiladora activities directed to the USA, Mexico's leading trade and investment partner. Mexico has strengthened its regulatory environment in recent years, but its power in Latin America is restricted by Brazil.

Headline Industry Forecasts

  • Mexico is the second largest medical device market in Latin America. Espicom forecasts that the market will achieve a 2013-2018 CAGR of 15.0% in US dollar terms and 13.6% in local terms. This will take the market from an estimated US$4.0bn in 2013 to US$8.0bn in 2018, putting Mexico within the top fastest growing markets in the world.

  • The market is dominated by medical device imports, principally from the USA, and Mexico is the largest medical device importer in Latin America. Imports grew by 9.8% to US$3.4bn in the 12 months to September 2013. In 2012, imports amounted to US$3.2bn, which represented an increase of 5.0% over 2011, and a 2007-2012 CAGR of 7.7%.

  • Almost all of medical device exports are shipped across the border to the USA due to maquiladora activities, but Mexico needs to develop its economy outside of the maquiladora programme for increased stability. Exports grew by 9.9% to US$6.8bn in the 12 months to September 2013. In 2012, exports rose to US$6.4bn in 2012, which represented a rise of 3.7% and a 2007-2012 CAGR of 6.8%.

  • Espicom estimates domestic medical device production at US$6.6bn in 2012. For many, Mexico has become an extension of the USA. The country is serving a demanding product mix, from defibrillators to diagnostic imaging equipment to traditional disposable medical devices.

Headline Industry Risk/Reward Rating

  • Mexico is the third most attractive market in the Americas region in which to...

Table of Contents

Espicom Industry View
9
SWOT
11
Medical Device Market
11
Political
13
Economic
14
Business Environment
15
Industry Forecast
16
Medical Device Market Forecast
16
Past Performance 2008-2013
16
Future Performance 2013-2018
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
23
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Total)
26
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
29
Consumables Market Forecast
32
Table: Consumables Market, 2008-2018 (US$mn)
33
Table: Consumables Market, 2008-2013 (US$ Per Capita)
34
Table: Consumables Market, 2009-2013 (US$mn % Change)
35
Diagnostic Imaging Market Forecast
38
Electrodiagnostic Apparatus
38
Radiation Apparatus
38
Imaging Parts & Accessories
39
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
40
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
41
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
42
Dental Products Market Forecast
44
Table: Dental Products Market, 2008-2018 (US$mn)
45
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
46
Table: Dental Products Market, 2009-2018 (US$mn % Change)
46
Orthopaedics & Prosthetics Market Forecast
48
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
49
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
50
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
50
Patient Aids Market Forecast
52
Table: Patient Aids Market, 2008-2018 (US$mn)
53
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
54
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
55
Other Medical Devices Market Forecast
57
Table: Other Medical Devices Market, 2008-2018 (US$mn)
58
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
59
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
60
Annual Medical Device Imports
62
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
66
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
67
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
68
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
69
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
71
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
73
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
74
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
76
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
77
Table: Detailed Medical Device Import Trends By Product Area, 2012
80
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
83
Monthly Medical Device Imports
87
Table: Monthly Medical Device Imports By Product Area, September 2010-September 2013 (US$mn)
87
Annual Medical Device Exports
89
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
92
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
93
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
94
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
95
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
97
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
99
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
100
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
102
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
103
Table: Detailed Medical Device Export Trends By Product Area, 2012
106
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
109
Table: Detailed Medical Device Trade Balance, 2008-2012 (US$000s)
112
Monthly Medical Device Exports
115
Table: Monthly Medical Device Exports By Product Area, September 2010-September 2013 (US$mn)
115
Macroeconomic Forecasts
118
Macroeconomic Forecast
118
Table: Mexico - GDP By Expenditure, Real Growth %
122
Industry Risk Reward Ratings
123
Industry Risk Reward Ratings
123
Table: Americas Medical Device Risk/Reward Ratings, Q214
124
Market Overview
125
Medical Device Market Overview
125
Overview
125
Table: Medical Device Market, Key Ratios, 2013
126
The Market In 2013
126
Table: Medical Device Market By Product Area, 2013
127
Healthcare Overview
128
Health Status
128
Healthcare System
128
Healthcare Funding
129
Table: Insured Population By Provider, 2000-2012 (000s)
130
Healthcare Resources
131
Table: Selected Medical Technology, 2005-2011
132
Table: Selected Public Medical Technology By Type, 2005-2011
133
Healthcare Activity
134
Healthcare Personnel
134
Key Data
135
Table: Key Data, 2008-2013
135
Industry Trends And Developments
137
Industry Trends & Developments
137
Regulatory Development
140
Medical Device Regulations
140
Competent Authority
140
National Regulations
140
Registration
141
Table: Summary Of Medical Registration Requirements By Class Type
142
Table: Medical Registration Costs By Class Type
144
Labelling
144
Market Vigilance
146
Equivalence Agreement
146
Medical Device Pricing & Reimbursement
146
Public Purchases
146
Public Reimbursement
148
Competitive Landscape
149
Domestic Medical Device Production
149
Production Reported By INEGI
149
Table: Production By Type, 2003-2011 (MXN000s)
149
Domestic Medical Device Manufacturing
150
Overview
150
Producers Reported By INEGI
150
Table: Producers By Type, 2007-2011
150
Employees Reported By INEGI
151
Table: Employees By Type, 2009-2011
151
National Medical Device Manufacturers
152
Multinational Medical Device Manufacturers
155
Multinational Medical Device Market Activity
166
Table: Multinational Market Activity, 2014
166
Medical Device Market Access
167
Market Environment
167
Distribution
168
Customs Duties
168
Trade Associations
168
Table: Members of AMID, 2014
169
Table: PAPS And RSD Members Of CANIFARMA, 2014
170
Table: Members Of Cluster De Productos M-dicos De Las Californias, 2014
172
Trade Shows
174
Methodology
175
Medical Device Market Methodology
175
Trade Code Classifications
176
Table: Used HS Trade Codes, 2014
176
Table: Rearranged HS Trade Codes, 2014
178
Risk/Reward Ratings Methodology
181
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
182
Sources
183
Contact
184

The Mexico Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity in Mexico provides industry professionals, strategists, company executives, and analysts with independent forecasts and competitive intelligence on the Mexico medical devices industry.

Key Benefits

  • Benchmark Espicom’s Medical Devices expenditure forecasts, which take into account macroeconomic and industry-specific forecasts for Mexico, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Mexico.
  • Target Business Opportunities in the Mexico medical devices market by using our assessments and projections for disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Mexico.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc