According to Mexico’s National Institute of Statistics and Geography (INEGI) the aggregate value of production derived from medical device manufacturing in Mexico in 2011 was an estimated US $8.6 billion. The same organization expects that the value of medical device production in Mexico will continue to rise throughout the decade and will total nearly US $15 billion by 2020.
When compared with the costs in several U.S. cities, Mexico proved itself to an attractive economic alternative.
Costs in some of the U.S. cities included in the study were calculated as follows:
Boyd Company’s calculation for the cost of such a plant, when sited in Mexico, to be about $17 million.
Mexico medical device manufacturers benefit not only in terms of cost, but also enjoy: