The production volumes of medical and dental instruments and supplies in Mexico have displayed a varied pattern from 2013 to 2023. In 2013, the industry stood at 120.67 billion Mexican Pesos, rising to 145.45 billion in 2014—a significant 20.53% increase. By 2023, the volume reached 179.37 billion Mexican Pesos, marking a 2.15% rise from the previous year. While the period between 2015 to 2017 saw fluctuations, the overall trend from 2018 onwards shows a steady growth pattern. The average annual growth rate (CAGR) over the last five years has been 2.68%.
Looking ahead, forecasted data for 2024 to 2028 suggests continued growth, albeit at a modest pace with a 1.49% CAGR and an overall 7.67% increase by 2028.
Key trends to watch:
- Technological advancements in the medical and dental fields
- Evolving healthcare policies and reforms
- Increasing investment in healthcare infrastructure
- Potential impacts of global supply chain dynamics
