Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 1.9% over the past five years, to reach an estimated $53.7bn in 2019.
Trends and Insights
Biggest companies in the Medical & Dental Equipment Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Cardinal Health Inc. | ||||
Becton, Dickinson and Company | ||||
Honeywell International Inc. |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Non-electric medical equipment, Disposable medical supplies and Ophthalmic articles. Non-electric medical equipment is the largest segment of the Medical & Dental Equipment Manufacturing in Mexico.
Trends and Insights
• Disposable medical supplies account for the largest share of industry revenue, because as disposable products, downstream markets must constantly replace them
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Over the five years to 2019, the Medical and Dental Equipment Manufacturing industry in Mexico has benefited from strong demand both domestically and in the US. Companies in this industry manufacture single-use medical supplies, non-electric medical equipment and safety equipment. Demand for these products almost entirely comes from the healthcare sector, where medical supplies and safety equipment are necessary for basic everyday functions. This necessity links demand for industry products with demand for healthcare, because as healthcare industries expand, their need for industry products rises. As a result, industry companies have benefited from strong growth in the healthcare sectors of both the US and Mexico. Over the five years to 2019, industry revenue is expected to grow at an annualized rate of 1.9% to MXN $53.7 billion, due to growth in both total health expenditure and the number of people in Mexico with health insurance. These factors are likely to continue driving the industry, with revenue increasing an estimated 3.0% in 2019, alone.
What's included in this industry?
Manufacturing medical equipmentManufacturing disposable medical suppliesManufacturing safety equipmentNon-electric medical equipmentDisposable medical suppliesOphthalmic articlesCompanies
Cardinal Health Inc.Becton, Dickinson and CompanyHoneywell International Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
ASBESTOSMEDICAL SUPPLIESOPHTHALMICIndustry Code
NAICS 33911MX - Medical & Dental Equipment Manufacturing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Population. Demand for healthcare products and services is often based on the size of the population. If a patient needs a medical procedure, demand is unavoidable. Therefore,...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• Disposable medical supplies account for the largest share of industry revenue, because as disposable products, downstream markets must constantly replace them
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of the Medical and Dental Equipment Manufacturing industry is closely tied to that of the Mexican population. For example, Southwestern Mexico is the most pop...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Ability to accommodate environmental requirements. Mexico has strict laws surrounding pollution and waste that manufacturers must comply with
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Cardinal Health Inc. (Cardinal) is an international provider of healthcare services and products. The company manufactures medical supplies and equipment and provides consulti...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Cardinal Health Inc.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Becton, Dickinson and Company's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Honeywell International Inc.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Cardinal Health Inc., and factors influencing its performance in the industry
- Description and key data for Becton, Dickinson and Company, and factors influencing its performance in the industry
- Description and key data for Honeywell International Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Medical and Dental Equipment Manufacturing industry mainly contends with the same regulations as any other manufacturing industry in Mexico. The Mexican government places ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Medical & Dental Equipment Manufacturing industry in Mexico in 2019?
The market size of the Medical & Dental Equipment Manufacturing industry in Mexico is $53.7bn in 2019.
How many businesses are there in the Medical & Dental Equipment Manufacturing in Mexico industry in 2019?
There are 1,857 businesses in the Medical & Dental Equipment Manufacturing industry in Mexico, which has declined at a CAGR of -0.8% between 2014 and 2019.
Has the Medical & Dental Equipment Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Medical & Dental Equipment Manufacturing industry in Mexico has been at a CAGR of 1.9% between 2014 and 2019.
What is the forecast growth of the Medical & Dental Equipment Manufacturing industry in Mexico over the next 5 years?
The Medical & Dental Equipment Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Medical & Dental Equipment Manufacturing market in Mexico?
The biggest companies operating in the Medical & Dental Equipment Manufacturing market in Mexico are Cardinal Health Inc., Becton, Dickinson and Company and Honeywell International Inc.
What does the Medical & Dental Equipment Manufacturing in Mexico include?
Manufacturing medical equipment and Manufacturing disposable medical supplies are part of the Medical & Dental Equipment Manufacturing industry.
Which companies have the highest market share in the Medical & Dental Equipment Manufacturing in Mexico?
The company holding the most market share in Mexico is Cardinal Health Inc..
How many people are/were employed in the Medical & Dental Equipment Manufacturing in Mexico in 2019?
There are 161k employed in the Medical & Dental Equipment Manufacturing industry in Mexico 2019.
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Methodology
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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