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SAN DIEGO—Medical-device manufacturers can experience a 21.2% cost advantage by operating in Mexico than in the US, Cushman & Wakefield's director of research for the San Diego region Jolanta Campion tells GlobeSt.com. According to a recent report from the firm, healthcare continues to be the most heavily funded sector in San Diego, receiving 64% of all venture-capital funding in the first half of 2017, and many US companies have taken advantage of San Diego's proximity to Mexico, where medical-device manufacturing is inexpensive and high quality.
We spoke with Jolanta about how the trend of manufacturers producing medical devices in Mexico as opposed to San Diego and how this affects the local industrial sector.
GlobeSt.com: Why is it less expensive to produce medical devices in Mexico than across the border in San Diego?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
