The Medical Device Market in Mexico 2023

Introduction 

Following our last Medical Device Market report for the Mexican Market in 2021, we present our report with the latest information we got from 2023. 

This article delves into the comparative importation and exportation values of Mexico in relation to other nations. Additionally, we highlight some aspects of the healthcare system and the local market dynamics. This comprehensive overview will enhance your understanding of why Mexico remains the second largest market in Latin America. 

The Mexican Market 

After reviewing the Mexican central bank data bases and matching them with the UN’s, we found that Mexico is now in the 7th place in terms of medical device importations (as referred in the table below) and the 4th place in exportations* 

*Notes: 

The information is obtained based on the most representative tariff codes related to medical devices (HS: 9018). 

Data up to January 2025. 

Summary of the key regulatory changes 

As an abstract of the changes in the Mexican Medical Device regulation that took place in 2023. Some points to consider are: 

• Changes on the Renewal Process for Medical Device Sanitary Registrations. 

• Certificate to Foreign Government for device not exported from the United States. 

• Regulatory Certainty of Medical Devices in Mexico. 

Conclusions 

In 2023, Mexico solidified its position as a leading player in the Medical Device Industry for importations and exportations. With the regulatory changes that took place back then, Mexico offers even greater opportunities for market entry and expansion.  

As soon as information from 2024 is available, we will be glad to bring you a new article about the Medical Device Market. We trust you have found this article useful. If you need more information, please send us an email to [email protected]