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The largest proportion of household expenditure on healthcare goods and services in Mexico is allocated towards medication, accounting for more than ** percent of the total as of 2024. This is as much as all three following categories added together. Hospital services and medical visits account for around ** percent each, while support goods such as soap, disinfectant, and toothpaste make up approximately **** percent of the total. 

The cost of medication

Mexico ranks third among seven Latin American economies in terms of medicine prices, with an average cost of **** U.S. dollars per medication in 2024. In comparison, the average price in Peru was *** U.S. dollars. Cardiovascular medicines such as those for hypertension and heart disease were particularly expensive, averaging **** U.S. dollars per unit. Additionally, medication for respiratory diseases, mental and behavioral disorders, and those targeting the musculoeskeletal system were also among the costliest, with averages ranging from ** to ** U.S. dollars.

Healthcare expenditure

Mexico's overall healthcare spending as a percentage of GDP remains relatively low. In 2024, healthcare expenditure represented an estimated *** percent of the country's GDP, a decrease from previous years. This figure is significantly lower than that of other OECD countries, with the United States allocating approximately **** percent of its GDP to health care during that year. Within Latin America, Mexico has one of the lowest healthcare expenditures as a share of its GDP.