In 2023, the R&D budget for Health and Medical Sciences in Mexico stood at 348.74 million USD PPP. The forecasted budget for 2024 is 352.97 million USD PPP, marking a year-on-year increase of 1.21%. This trend is expected to continue in the subsequent years with the budget forecasted to grow to 358.17 million USD PPP in 2025 (+1.47%), 363.21 million USD PPP in 2026 (+1.41%), 368.09 million USD PPP in 2027 (+1.34%), and 372.84 million USD PPP in 2028 (+1.29%). The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at approximately 1.34%.

Future trends to watch for include:

Emerging medical technologies and their impact on R&D funding priorities.
Government policies and budget allocations in response to public health needs.
Partnerships between public and private sectors in health research.
The influence of global health initiatives and funding on Mexico's R&D investments.