Cover_Industrias_Medical2

Medical

The most relevant information about the medical industry in some of the countries where we currently work.

 

 

 

CANADA

  • Canada has one of the largest economies in the world and the eighth largest medical device market.
  • Canada’s medical device sector is a highly diversified and export-oriented industry that manufactures equipment and supplies.
  • The Canadian medical device market is sophisticated and mature, with a strong demand for high-quality medical technologies.
  • It was valued at US$6.7 billion in 2015 and is projected to grow steadily, but modestly, increasing to approximately US $8.6 billion by 2020.
  • The medical expenditure areas are: Diagnostic imaging (20%), Consumables (17%), Patient aids (14%), Orthopaedic and prosthetic (13%), Dental products (8%), other (27%).
  • Most medical devices used in the Canadian healthcare system are imported, but medical device exports are on the rise. Canada is home to a robust manufacturing industry with hubs in Ontario and Quebec.
  • From 2013 to 2017, Canadian medical device exports increased from 2.3 billion to 3.8 billion and imports increased from 7.2 billion to $8.8 billion. Canada’s largest trading partner for medical devices is the United States with 44% of the total imports, China (9%), Mexico (7%) and Germany (7%).
  • In 2017, Canada imports of medical devices from United States were 2.6 billion, representing 68%, Netherlands (4%), Germany (3%) and China (3%).
  • Medical device imports account for 80% of the medical device market, so there is plenty of opportunity in Canada for foreign manufacturers.
  • Medical devices are regulated under the Food and Drugs Act as a Class I, II, III or IV with Class I representing devices that present the lowest risk and Class IV the highest. The Food and Drugs Act provides a definition of a regulated medical device.
  • Diagnostic equipment is in greatest demand, as well as patient monitoring equipment, consumables, patient aids, orthopedics/prosthetics, and dental products.
  • In 2017, the global market for medical devices was valued at US$360 billion, excluding in vitro diagnostics.

Source:

https://www.ic.gc.ca/eic/site/lsg-pdsv.nsf/eng/h_hn01736.html

 

 

MEXICO

  • In 2017, Mexican medical device industry had a production of $13,811 million dollars.
  • In 2018 the production of medical devices reaches an approximate value of $15,220 million dollars.
  • By 2020, it is forecast that will be reaching $20 thousand million dollars, that is an estimated 5.2% points per year.
  • In 2017 there was an industry consumption of $ 9568 million dollars. It is expected that by 2021 will grow 3%.
  • The exportations in the same year were $ 93,934 million dollars.
  • In 2018 exported more than $8,200 million dollars in medical devices, mainly to the United States, Italy, Germany and France.
  • The main investment countries from 2012 to 2020 were: USA, Italy, Germany and France.
  • Mexico is the eighth largest exporter of medical devices in the world and the second producer of medical devices in Latin America.
  • United States is the main commercial partner of Mexico, 93% of the exports are destined to this country and 63% of imports come from the same country.
  • The main export products in 2017 were: medical devices for surgery, odontology, veterinary, orthopedic, fracture articles or appliances, mechanotherapy equipment, furniture for surgery and x-ray equipment.
  • In 2018, there were more than 2,500 economic units specialized in medical devices, located mainly in Baja California, Chihuahua, Tamaulipas, Sonora, Nuevo Leon, Mexico City and Jalisco.
  • At the end of 2018 In Mexico, the entire health sector was equivalent to 5.7% of GDP.
  • In 2018 the medical devices production industry employed more than 130,000 people.
  • By 2020 it is predicted that the consumption of medical devices in Mexico will be more than 19,700 million dollars, with an average annual growth rate of 7%
  • Mexico is the Latin American country with the most efficient health system, according to Bloomberg's annual analysis of almost 200 economies in 2018.
  • According to the Bloomberg report, Mexico obtained a score of 54.6 and recorded an average life expectancy of 76.9 years and a per capita expenditure on medical care of $535 dollars.
  • Grupo Levbeth, a Mexican company, plans to establish a medical device plant and a training center in Apodaca, Nuevo León, for which it will allocate $3.2 million USD.
  • The US company Medline will invest $100 million dollars in a new production facility for surgical procedure trays in the city of Mexicali. Likewise, it will also invest $20 million dollars in the expansion of its facilities in Nuevo Laredo.
  • The company Inventus Power makes an expansion in its plant in Baja California, with an investment of $35 million dollars.

Source:

http://www.promexico.gob.mx/documentos/sectores/dispositivos-medicos.pdf

https://www.milenio.com/estados/mexico-gigante-de-dispositivos-medicos

https://www.mms-mexico.com/art%C3%ADculos/industria-de-dispositivos-medicos-fortalecer-el-sector

 

 

USA

  • United States is the world's largest medical device market in the world.
  • US medical device manufacturers market size was valued at USD $156.0 billion in 2017, By 2023, it is expected to grow to $208 billion
  • In 2016, the U.S. spent $3.3 trillion, or $ $10,348 per person, on healthcare, the Centers for Medicare & Medicaid Services (CMS) reported.
  • Almost two-thirds of that $3.3 trillion cost 64% is paid for by American tax dollars, and that amount is growing.
  • S. exports of medical devices identified by the Department of Commerce exceeded $43 billion in 2018.
  • In the U.S., healthcare spending accounts for 17.9% of the Gross Domestic Product (GDP), or the total value of goods and services produced by the entire nation for the entire year, according to the Centers for Medicare & Medicaid Services.
  • The capita price of healthcare per year is higher in the United States than in any other nation in the world, according to National Public Radio (NPR). America spends nearly 2.5 times as much per person as the United Kingdom.
  • A study by the American Journal of Public Health predicts that taxpayers will shoulder 67.3 percent of the burden of healthcare costs by the year 2024, Physicians for a National Health Program reported.
  • Healthcare administrative spending accounts for eight percent of the GPD in the U.S., or more than $1.485 trillion in 2016.
  • The industry includes almost 2 million jobs in the United States, including both direct and indirect employment. Medical technology directly accounts for well over 300,000 of these jobs.

Source:

https://www.emergobyul.com/resources/market-united-states

https://www.grandviewresearch.com/industry-analysis/us-medical-device-manufacturers-market

https://www.selectusa.gov/medical-technology-industry-united-states