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The Medical Device Market: Colombia

Published: Jul 2014 | No Of Pages: 139 | Published By: Espicom

Product Synopsis

 
OVERVIEW OF THE MEDICAL MARKET IN COLOMBIA
 
Colombia is the third most populous country in Latin America, behind Brazil and Mexico, with a population of 48mn. The capital, Santa Fe de Bogotá, has a population of around 7mn. The population is relatively young and growing rapidly thanks to a high birth rate and a low mortality rate.
 
Colombia is the fourth largest economy in Latin America, after Brazil, Mexico and Argentina, and ranks within the top 30 largest economies in the world. In 2013, GDP is forecast to reach US$379.0bn, equivalent to around US$7,869 per capita. Economic growth remains well above average for the Latin American region with GDP forecast to rise 4.1% in real terms during 2013.
 
The country's healthcare infrastructure is adequate in the larger urban areas, but in need of modernisation. The healthcare system is complex, and coverage is not yet universal. Funding is generally very low; per capita health spending is estimated at US$479 in 2013, whilst expenditure on medical equipment is only around US$24 per person.
 
Colombia announced an Emergency Social Plan in 2010, to tackle corruption and find new sources of income for the public healthcare sector. Ten decrees were signed with a view to protecting the aim of providing health coverage for all. This was followed by Law 1438, which took effect in January 2011.
 
Current reform is focusing on overhauling the social security framework established under Ley 100 passed in 1993, including replacing employer welfare contributions with an additional tax on company profits and the creation of a single fund to handle the financial resources of the contributory health insurance scheme. The medical device market is heavily reliant on imports, especially in the more high tech sectors. There is some domestic capacity for more basic items. In 2012, Colombia imported medical equipment & supplies valued at US$865.2mn. A few multinationals manufacture in the country. The medical device industry is concentrated around the capital Bogotá. Within the capital, a free trade zone has encouraged international
companies to the market.
 
STRATEGIC MARKET ANALYSIS
 
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
 
  • Unique projected estimates of market size and growth for 33 equipment categories
  • Five year statistical data for key economic and healthcare indicators
  • Information on regulation, distribution and market access
  • Detailed Medical trade data
  • Data on leading local/multinational medical equipment players in the market
Espicom Industry View7
SWOT9
Medical Device Market9
Political11
Economic12
Business Environment13
Industry Forecast14
Medical Device Market Forecast14
2008-2013 Performance14
2013-2018 Performance15
 
Table: Projected Medical Device Market, 2013-201816
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)17
 
Consumables Market Forecast21
Bandages & Dressings21
Suturing Materials21
Syringes, Needles & Catheters22
Other Consumables22
 
Table: Consumables Market, 2008-2018 (US$mn)23
Table: Consumables Market, 2009-2018 (US$mn % Change)24
 
Diagnostic Imaging Market Forecast25
Electrodiagnostic Apparatus26
Radiation Apparatus26
Imaging Parts & Accessories26
 
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)26
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)27
 
Dental Products Market Forecast29
Capital Equipment30
Instruments & Supplies30
 
Table: Dental Products Market, 2008-2018 (US$mn)30
Table: Dental Products Market, 2009-2018 (US$mn % Change)31
 
Orthopaedics & Prosthetics Market Forecast32
Fixation Devices33
Artificial Joints33
Other Artificial Body Parts33
 
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USmn)33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)34
 
Patient Aids Market Forecast35
Portable Aids35
Therapeutic Appliances35
 
Table: Patient Aids Market, 2008-2018 (USmn)36
Table: Patient Aids Market, 2009-2018 (US$mn % Change)36
 
Other Medical Devices Market Forecast37
 
Table: Other Medical Devices Market, 2008-2018 (US$mn)38
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)39
 
Annual Medical Device Imports40
 
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)43
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)46
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)48
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)49
Table: Detailed Medical Device Import Trends By Product Area, 201352
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)56
 
Monthly Medical Device Imports59
 
Table: Monthly Medical Device Imports By Product Area, January 2011 - February 2014 (US$mn)59
 
Annual Medical Device Exports61
 
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)63
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)64
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)65
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)66
Table: Top 20 Medical Device Destinations, 2013 (US$000s)68
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)69
Table: Detailed Medical Device Export Trends By Product Area, 201372
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)76
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)79
 
Monthly Medical Device Exports82
 
Table: Monthly Medical Device Exports By Product Area, January 2011 - February 2014 
(US$mn)82
 
Macroeconomic Forecasts84
 
Table: Colombia - GDP By Expenditure, Real Growth %88
 
Industry Risk Reward Ratings89
 
Table: Americas Medical Device Risk Reward Ratings, Q31490
 
Market Overview91
Medical Device Market Overview91
 
Table: Medical Device Market, Key Ratios, 201392
Table: Medical Device Market By Product Area, 201393
 
Healthcare Overview93
Health Status93
Healthcare System94
Healthcare Funding95
 
Table: Health Insurance Coverage By Type, 201296
 
Healthcare Resources99
Healthcare Activity100
Healthcare Personnel100
Key Healthcare Data100
 
Table: Key Healthcare Data, 2008-2013100
 
Industry Trends And Developments103
Industry Trends & Developments103
Regulatory Development106
Medical Device Regulations106
Competent Authority106
Regulations106
Fees107
 
Table: INVIMA's Medical Device Registration Fees, 2013108
 
Technical Vigilance108
Medical Device Pricing & Reimbursement108
Pricing108
Health Technology Assessment109
Competitive Landscape110
Domestic Medical Device Production110
 
Table: Medical Device Production By Product Area, 2007-2011 (COPmn)110
Table: Medical Device Production By Product Area, 2007-2011 (US$mn)113
 
Domestic Medical Device Manufacturing117
 
Table: Medical Device Producers, 2006-2010117
Table: Medical Device Producers By Size And Type, 2010117
Table: Medical Device Producers By Department, 2010118
 
National Medical Device Manufacturers119
Detailed Manufacturers119
Other Listed Manufacturers122
Multinational Medical Device Manufacturers123
Multinational Market Activity125
 
Table: Multinational Market Activity, 2014125
 
Medical Device Market Access127
Market Environment127
Distribution127
Trade Associations127
Trade Shows128
Trade Agreements128
Methodology130
Medical Device Market Methodology130
Trade Code Classifications131
 
Table: Used HS Trade Codes, 2014131
Table: Rearranged HS Trade Codes, 2014133
 
Risk/Reward Ratings Methodology136
 
Table: Medical Devices Risk/Reward Ratings Indicators, 2014137
 
Sources138
Contact139
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