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The Mexican medical device industry has had an average annual growth of 4%. The sector boasts of 20% lower labor costs than in China and generates $15 billion per year, of which 91% of exports are shipped to the US. Mexico is the eighth leading supplier of medical devices in the world, with the sector being especially strong in Tijuana, Chihuahua, Coahuila, Nuevo León, Jalisco, Sonora, and Tamaulipas.
Mexican labor manufactures are trained to comply with FDA-approved medical devices that encompass the processes of diagnostic, treatment, and monitoring technologies. As devices are small, companies must rely that they will be produced by a skilled and trained workforce. Some products that are widely produced in the country include surgical, dental, veterinary instruments and devices, orthopedic articles, therapy applications, surgical furniture, and x-rays. Mexico’s competitive medical manufacturing ecosystem has companies involved in precision machining, die-casting, die-cutting, stamping, thermal treating, and injection molding.
Additionally, companies in this sector can leverage Mexico’s 14 trade agreements to ship their products duty-free to 46 different countries.
In order to begin manufacturing, companies must be approved by the Federal Commission for the Protection against Sanitary Risk - which regulates the medical devices being produced. As a result, companies opt to work with Nexus, in order to invest in the Mexican medical device sector and deliver quality products to their customers at low costs and greater certainty. With Nexus, manufacturers comply with international safety and process standards, an IMMEX certification, and skilled workforce. Additionally, companies are able to work with Nexus’s team of experts to make their processes more efficient with the latest software and hardware technologies, as well as energy solutions that reduce utilities costs up to 50%.
