Medical Devices Production and Exports on the RiseBy Miriam Bello | Fri, 09/20/2019 - 10:41
Mexico has climbed the ranks to become a manufacturing hub for medical devices. The country is now the eighth-largest exporter of medical devices and the No. 1 exporter of medical devices in Latin America and the largest supplier to the US. Mexico had almost 2,500 medical devices manufacturers in 2017, producing US$13.81 billion worth of products. The sector is expected to maintain the 7.9 percent annual growth rate it has enjoyed for the past 10 years.