Mexico´s medical devices sector, an opportunity for European companies
Mexico is an attractive market in the medical devices sector for EU companies wishing to invest in a country with a continuous growth. The production of medical devices in Mexico is currently valued at 15,220 million USD, positioning the country as the most important market in the sector throughout Latin America.
In addition, the Mexican market is interesting as well for exporting companies, since medical devices of EU origin are exempt from customs duties under the free trade agreement between the European Union and Mexico.
The major investment centres within the medical devices sector in Mexico are located in Mexico City, State of Mexico, Morelos, Sonora, Baja California, Jalisco and Chihuahua.
In addition, Mexico has an agile regulatory framework, supporting programmes, competitive infrastructure and special customs regime that allow the increase of the sector productivity.
It is expected that during the period 2015-2020 the sector’s annual growth rate will reach at 6.2%. The United States is the major consumer of the medical devices in the world, which puts Mexico in a privileged position presenting a great opportunity for the European companies interested in investing in Mexico or exporting their products or technology to this country.
For detailed information on the medical devices market in Mexico and the market access requirements we suggest you review the Factsheet Elanbiz "Medical Devices"