The Pharmaceutical Industry is the seventh most important in Mexico

by time news
  • The pharmaceutical sector increased its production by more than 13% in 2022 compared to the previous cycle.
  • The pharmaceutical industry established in Mexico, plus medical device producers, generates more than 102,000 direct jobs and 600,000 indirect ones.
  • Eng. Juan Augusto Muench Castañeda was named the new president of Canifarma and promised to leave a better health system.

The repercussions that the pandemic has left are innumerable and its effect can be seen in all areas. For his part, one of the main lessons he has left is that you should never skimp when investing in health. In fact, since the recent reconfiguration now the pharmaceutical industry has positioned itself within the most important in Mexico.

The new president of Canifarma

With this in mind, the National Chamber of the Pharmaceutical Industry (Canifarma) held its 74th Annual General Assembly. During the event, after a deliberation process, the new Board of Directors was appointed, which will be chaired by the Eng. Juan Augusto Muench Castañeda. While now Dr. Dagoberto Cortés Cervantes will occupy the vice-presidency.

Eng. Juan Augusto Muench Castañeda. Courtesy photo

The swearing-in was attended by Mr. Roberto Beltrán Ramírez, general director of Light Industries of the Ministry of Economy (SE), representing the sector’s secretary, Mtra. Rachel Buenrostro. There he stressed that the The pharmaceutical industry ranks number 7 in importance among manufacturing industries in Mexico.

Beltrán Ramírez added that this sector increased its production by more than 13% in 2022 compared to the previous year. This is the largest increase in the last five years and he stated that the trend continues in the same direction.

He also mentioned that the Ministry of Economy is working on policies to strengthen the internal market and promote competition, focused on various sectors that are relevant given the economic environment.

Among the main ones are: semiconductors, automotive electromobility, electrical and electronics in general, agribusiness. He also emphasized the medical devices and health supplies sectorwith which orderly economic development is sought in all regions of the country.

Achieve a better health system in Mexico

The new president of Canifarma, Augusto Muench Castañeda, promised to contribute to the improvement of the health system and assured that “to have a profound and decisive impact on the right to access to health for the entire population, embodied in the Constitution Mexican, the full collaboration of the actors that are part of the system must be sought: institutions, academia, civil organizations and companies”.

In his participation, Mr. Alejandro Malagón Barragán, general secretary of the Confederation of Industrial Chambers of the United Mexican States (Concamin), said that “talking about the FI is talking about the health of Mexicans, because along with food they make up the two pillars for countries to move forward and continue after going through a difficult situation”.

He stressed that, during 2022, the pharmaceutical industry established in Mexico, plus the producers of medical devices, formally employ more than 102 thousand people. They all have social security and a living wage. At the same time, 600,000 indirect jobs are generated and it had a GDP of 58 billion pesos before inflation. In addition, a production of more than 168 billion pesos, which ranks among the most important in the country.

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