Overview
Mexico’s healthcare sector is large and growing, representing a strong commercial opportunity for U.S. exporters. The system is composed of public and private providers, with approximately 70 percent of the population covered through public institutions such as Mexican Social Security Institute (IMSS), Institute for Social Security and Services for State Workers (ISSSTE), and the newly created IMSS Bienestar system. The private healthcare sector continues to expand in urban areas, driven by middle and high-income populations seeking higher quality care.
Public healthcare spending is expected to increase as the Mexican Government continues to consolidate purchasing and expand service coverage through IMSS Bienestar. However, long regulatory approval timelines, especially for medical devices and pharmaceuticals, create market access barriers for U.S. firms. U.S. products are perceived as high quality, innovative, and trustworthy, giving exporters a competitive advantage despite increased price competition from Asian, and particularly Chinese, suppliers.
Mexico relies heavily on imports of advanced medical equipment, diagnostics, and pharmaceutical ingredients. This dependency underscores the country’s need for more resilient and affordable supply chains, which is a top U.S. Government priority. Mexico is the largest medical device exporter in Latin America and the eighth largest globally, with most production destined for the United States. This supply chain integration makes Mexico a critical partner in supporting U.S. manufacturing jobs and maintaining regional competitiveness.
Trade Statistics
Table: Healthcare Market Size (USD Billions)
| 2020 | 2021 | 2022 | 2023 | 2024 (est.) | |
| Total Imports | 12.1 | 11.2 | 10.25 | 10.92 | 10.55 |
| Imports from the United States | 2.57 | 2.75 | 2.55 | 2.72 | 2.77 |
| Total Exports | 7.38 | 7.93 | 8.4 | 8.91 | 9.49 |
| Exchange Rates | 20 | 20.3 | 20.12 | 18.4 | 17.5 |
Source: Secretaría de Economía (SIAVI), Global Trade Atlas, industry estimates
Leading Sub-sectors
- Medical Devices and Diagnostics: diagnostic imaging, patient monitoring, and minimally invasive surgical tools
- Biopharmaceuticals: innovative drugs and biosimilars
- Digital Health/HealthTech: Telemedicine and electronic health records (EHR)
- Cold Chain Logistics and Supply Chain Resilience: Safe delivery of pharmaceuticals and biologics
- Clinical Trials and Regulatory Innovation
Opportunities
- Supply Chain Diversification: Nearshoring manufacturing to reduce dependency on Asia
- Foreign Investment into the USA: Mexican firms investing in the U.S. health sector
- Digital Health Integration: Adoption of U.S. platforms for hospital IT and monitoring
- Healthcare Infrastructure Projects: New hospitals via public-private partnerships
- Countering PRC Influence: Preference for U.S. products due to quality and compliance advantage
Resources
- COFEPRIS Comisión Federal para la Protección contra Riesgos Sanitarios
- IMSS Bienestar
- AMIIF, CANIFARMA, AMID
- HealthTech Mexico/Fundación Slim Salud
Events
- Greater New York Dental Meeting, November 28 - December 3, 2026. New York.
- World Health Expo: June 17-19, 2026. Miami.
Commercial Specialist
For more information on healthcare products and services in Mexico, contact: Juan Carlos Ruiz (JuanCarlos.Ruiz@trade.gov).