SD and Mexico: The Medical-Device Mfg. Picture

Campion: “World-ranked universities and cutting-edge life-sciences companies attract talent and venture-capital money to San Diego, with Mexico offering numerous cost advantages, forming an almost-perfect relationship between the two regions.”

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.