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Review of the Healthcare System and Medical Device Market in Mexico – report

  • December 2015
  • -
  • TforG
  • -
  • 41 pages

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This TforG Healthcare Market review report for Mexico includes numerical and written analysis on the socioeconomic and macroeconomic context and outlook, the healthcare system, and the latest healthcare reforms. Moreover, an extensive chapter is dedicated to the markets for capital equipment, medical devices, disposables and pharmaceuticals.

The report helps businesses gain a unique insight into the socio-economic dynamics, and helps analyze how they affect healthcare systems and their evolution. It can serve as a valuable tool with actionable guidance for sales, marketing, R&D and business managers with industry related interests.

Four chapters cover the numerical and written analysis for the following topics: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts) and the Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).

Economic Outlook:
- The latest data shows the Mexican economy to be growing by 3.1 percent (nominal growth) in 2014.
- This is considered an improvement over the rate of 1.1 percent in 2013, but not as good as the 3,9
percent growth rate in 2012.
- Nominal growth for 2015 is forecasted at 3.9 percent.
- Unemployment is relatively low (i.e. around 4.5 percent) and it is expected to remain this way
throughout 2015.
- Inflation rates will remain at about 3.25 percent this year before dropping to 3.02 percent in 2015.

The Healthcare System:
- Mexican healthcare expenditure was around € 79 bln in 2014 or around 6.3 percent of the GDP.
- 22 percent is funded by federal and state governments. The remaining amount comes from private health insurance and patient contributions.
- The federal government centrally regulates and finances most healthcare services and infrastructure. The states and territories are responsible for providing HC and most provide some additional services independent of the ones provided at Federal level.

Reforms:
- To increase funds to the public health system and decrease the inequities in public expenditures
across subsystems and states.
- To improve health outcomes and reduce out-of-pocket payments for health services and
provide protection against catastrophic health expenditure.
- To reform the organization and functioning of the state health systems to ensure better
management of PHI, and to establish incentives to promote equality, technical efficiency, and
responsiveness.

The Markets:
- With a free market economy, Mexico is considered to be the 12th largest economy worldwide in purchasing power parity of Gross Domestic Product (GDP).
- The total healthcare market in Mexico is worth about € 28 bln and projections are showing a CAGR of about 7 percent until 2016.
The ever improving healthcare coverage, aging population, and medical tourism are supporting demand.

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