The Medical device industry in Mexico is relevant worldwide because manufacturing companies help to provide access to affordable healthcare services. This manufacturing expertise can help other countries have access to affordable and high-quality medical devices. For example, future changes done under the Affordable Care Act (ACA) in the United States of America, can enable millions of people to gain coverage expected to improve access to healthcare services, and how will your business be prepared for the market demand and rapid changes?
Medical devices are tools or instruments that diagnose, prevent, monitor, treat, or cure diseases or injuries. They include such items as pacemakers, artificial joints, and diagnostic imaging equipment. These products also have a significant impact on public health, as they are often designed to help patients recover from illness or injury.
With the talent and space available in Tijuana, Mexico can assist companies in their Health Science Manufacturing by improving their services, from patient care to Medical Testing and Healthcare Management. By helping the main branch in their challenges on either the cybersecurity of their data, innovating product development, or the manufacturing side of their products.
Why Mexico would be the best country to invest in and expand my business?
1. Mexico has been a long-time leader in the medical device industry. In fact, it was the first country to develop this type of technology. Today, it remains one of the best countries in Latin America to do business. This is due in large part to its stable political environment and well-developed regulatory framework. As a result, companies can operate with confidence knowing that they are protected from unnecessary risk.
2. The Mexican government’s commitment to innovation and entrepreneurship is second to none. Since 1994, the Mexican Institute of Industrial Property (IMPI) has created the world’s largest patent system, granting over 5 million patients since its inception. IMPI provides intellectual property protection through registration, maintenance, enforcement, and renewal.
3. Mexico’s regulatory framework encourages investment in R&D. The country offers tax credits for research and development expenses and grants for small businesses. Additionally, the Ministry of Health provides financial incentives for pharmaceutical manufacturers who want to set up operations in Mexico.
4. Mexico’s legal structure allows for quick access to capital. Companies have access to equity markets, debt markets, venture capital, and private equity. There are no restrictions on foreign direct investments.
5. Mexican law allows for ease of doing business. Foreign investors can establish branches in Mexico without having to obtain local licenses.
6. There are strong protections for intellectual property rights. A company can protect its brands, products, and processes by filing for patents.
Why Tijuana would be the best place to manufacture our company’s medical devices?
Many developed countries don’t have easy access to certain medical procedures and keep long waitlists. Tijuana is internationally recognized for its Medical tourism.
- The city offers patients easier and faster access to healthcare services, and Tijuana has some incredible hospitals and medical centers.
- Tijuana’s Medical services aren’t just visited due to the manageable cost, patients come for the Quality and the Advanced Technology doctors in the city have access to.
Is your company one that would benefit from having contact with such a medical network?
Maybe Tijuana’s foreign investor benefits could be of help. Obtain experienced help from Tijuana EDC by contacting our team.
