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Medical Device Manufacturing in New Mexico

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NM33451b

Medical Device Manufacturing in New Mexico industry analysis

The Medical Device Manufacturing industry in New Mexico is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has decreased an annualized -x.x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Medical Device Manufacturing in New Mexico Market Research Report

What’s Included in the Medical Device Manufacturing in New Mexico Market Research Report

Definition of the Medical Device Manufacturing in New Mexico?

This industry includes manufacturers of electromedical and electrotherapeutic apparatuses, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatuses and tubes for medical diagnostic, medical therapeutic, industrial, research, scientific evaluation and other applications.

What’s included in the Medical Device Manufacturing in New Mexico?

The Medical Device Manufacturing in New Mexico includes fabricating medical diagnostic and therapeutic apparatuses, research and development and marketing and distribution. Related terms covered in the Medical Device Manufacturing in New Mexico industry report includes electrically operated diagnostic and other medical equipment, submissions to the food and drug administration when death or serious injury occurs while using a medical device, a premarket notification for most devices, named for the section of the law that requires these submissions, the alteration of nerve activity through the delivery of electrical stimulation or chemical agents to targeted sites of the body and a process of generating items from biological material, wherein cell function and viability are preserved within the printed item.

Industry Performance of the Medical Device Manufacturing industry in New Mexico

Benchmark the Medical Device Manufacturing in New Mexico industry performance with all NM county and national performance.

Medical Device Manufacturing in New Mexico

#42 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Medical Device Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Medical Device Manufacturing industry in New Mexico

See how key industry drivers, such as population, per capita disposable income, median houshold income, number of physician visits, number of adults aged 65 and older and total health expenditure are impacting Medical Device Manufacturing in New Mexico

New Mexico Economic Indicators

Population
Per Capita Disposable Income
Median Houshold Income

View more economic information in NM State Economic profile

US Key External Drivers

Number of physician visits
Number of adults aged 65 and older
Total health expenditure

For the full list of industry drivers, see report purchase options.

County Data of the Medical Device Manufacturing industry in New Mexico

Access proprietary data on county in the Medical Device Manufacturing in New Mexico, such as Bernalillo County, Dona Ana County and Los Alamos County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Medical Device Manufacturing industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Medical Device Manufacturing industry in New Mexico in 2025?

The market size of the Medical Device Manufacturing industry in New Mexico is $14.4m in 2025.

How many businesses are there in the Medical Device Manufacturing industry in New Mexico in 2025?

There are 3 businesses in the Medical Device Manufacturing industry in New Mexico, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Medical Device Manufacturing industry in New Mexico grown or declined over the past 5 years?

The market size of the Medical Device Manufacturing industry in New Mexico has been declining at an average annual rate of -5.2% from 2020 to 2025.

How many employees in the Medical Device Manufacturing industry in New Mexico in 2025?

There are 48 employees in the Medical Device Manufacturing industry in New Mexico, which has been declining at an average annual rate of -3.4% from 2020 to 2025.