According to "The Medical Devices Industry in Mexico" report by the ProMexico Business Intelligence Unit, the prospective production of medical devices in the country in 2016 is 15.733 million dollars. In fact, production is expected to maintain a 6.4% Annual Average Growth Rate during 2014-2020.
Data from Global Trade Atlas indicates that in 2015 Mexico exported more than 7,700 million dollars, placing this country as the ninth exporter of medical devices at the international lever, the first Latin America exporter and the main supplier to the United States market. Also, the main products exported bu the industry were: medicine, surgery and dentistry or veterinary instruments; articles and appliances for orthopedics or fractures; and mechanotherapy equipment.
Some of the companies that are investing in Mexico are Medline, which will expand its plant to Nuevo Laredo; Baxter will increase its production capacity in Cuernavaca by 40%; B. Braun Melsungen AG will invest 3 million dollars in the expansion of its plant in Atizapan; Surgical Specialties will install a manufacturing plant in Tijuana; Mediimplantes will install a manufacturing plant in Guadalajara and, likewise, Pexco will expand its Mexicali plant.
On the other hand, according to the "Competitive Alternatives 2014" document prepared by KPMG, Mexico offers 18.9% savings in manufacturing costs for the medical device industry compared to the United States. In addition, this country offers 7.8% savings in manufacturing costs of precision components, also compared to the United States.
In conclusion, Mexico's location allows considerable savings in logistics and close supervision of the manufacturing process. In addition, it facilitates the inspection of the plants by the sanitary authorities and allows to respond quickly to sudden changes in the trends of the demand. If you want to know more information about medical devices manufacturing Mexico or shelter services, you can visit the next webpage: http://www.americanindustriesgroup.com/
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