IBOV 165,528.92 ▼ 1.42% IPC MEX 70,848.90 ▲ 1.53% MERVAL 2,848,945 — — USD/BRL5.49▼ 0.03% USD/MXN18.75▼ 0.44% USD/CLP980.56▲ 0.29% USD/COP3,242▲ 0.50% USD/PEN3.45▼ 0.46% USD/ARS1,551▼ 0.02% USD/UYU40.19▲ 3.20% USD/PYG5,936▲ 3.60% USD/BOB12.05▲ 2.28% USD/DOP60.50▲ 3.07% USD/CRC449.50▲ 2.08% USD/GTQ7.64▲ 3.13% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.78% USD/VES890.98▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 2.40% USD/TTD6.69▲ 1.98% EUR/BRL6.18▲ 1.60% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 165,528.92 ▼ 1.42% IPC MEX 70,848.90 ▲ 1.53% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, November 4, 2026

Mexico’s nearshoring projects this Mexican city as a center for medical device manufacturing

By · April 24, 2023 · 3 min read

The president of the National Association of Healthcare Providers (ANAPS), Carlos Salazar Gaytán, assured that Mexico is on its way to becoming the fifth largest producer globally in the field.

In an interview with the newspaper El Economista, Salazar said that factors such as the decision by US companies to move their production chain closer to their headquarters and main markets (a phenomenon known as nearshoring) and international conflicts between the US and other manufacturing nations had led Mexico to be considered as an even more relevant territory for the manufacture of medical devices, as well as a center for the development of technology in this sector.

According to the head of the supplier organization, Mexico is currently the world’s seventh-largest producer of medical devices.

Free daily brief — no card needed
Get every Mexico story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.
Mexico is the world’s leading producer of pacemakers, syringes, sutures, and suture needles
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

However, given this new contract, it is projected that in the next five years, it will be among the top five.

According to Salazar, the state that will spearhead this growth will be Jalisco, which has a major medical cluster, the country’s first Technology Innovation Development Center for Medical Devices, and produces the second-largest number of medical devices in the country.

“The vision is to consolidate Jalisco as the main hub in the country to develop and manufacture medical devices with a Mexican seal,” said the president of ANAPS.

Jalisco is home to more than 800 companies linked to the healthcare sector

Salazar highlighted the attractive “ecosystem” offered by the state, including the only university in the country whose clinical practices are internationally valid and the solid supply of biomedical engineers and technicians.

It is worth remembering that Jalisco is home to more than 800 companies linked to the healthcare sector, more than 350 of which specialize in medical devices, and that Mexico is the world’s leading producer of pacemakers, syringes, sutures, and suture needles.

Salazar said, however, that they are looking for Mexico not only to manufacture medical devices of international brands but that “all the knowledge that is being spilled stays with Mexican companies.”

“We are looking to stimulate national manufacturing but with Mexican brands.”

Of the 15 main companies in the sector, 13 manufacture their products in Mexico, including Medtronic, Siemens, Johnson & Johnson, Fresenius, Phillips, General Electric Healthcare, Stryker, and Cardinal Health.

According to Salazar, the national production of medical devices, which in 2021 amounted to US$15.8 billion, represents 1.5% of the country’s manufacturing Gross Domestic Product (GDP) and 0.3% of the national GDP.

Salazar explained that not only large US companies are interested in deepening their investment in the country in this area.

“We have had a constant approach from Chinese companies that consult the association to install their production plant in Mexico; this gives us a perspective that for the next two or three years, regardless of the large transnationals, medium-sized companies are also coming to settle here,” he said.

With information from Sputnik

Key Facts

— Deep Dive

— For the complete picture, read our in-depth guide: Mexico Economy 2026: GDP, Peso, Nearshoring, Banxico and Trade

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.