Colombia Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Colombia Medical Devices Report
Product Price
$1,295.00

BMI View: The market will record lower growth over the forecast period. Subdued economic acceleration ahead and depreciatory pressures on the peso will constrain market growth. Imports will be slower in this decade than in the last, while exports will remain low despite peso plunge . Market competition and consolidation will intensify, keeping prices lower.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 1,034.1 21.4 2,839,428.5 58,874.2 2,745.8
2016 946.3 19.5 3,110,888.3 63,938.5 3,287.3
2017 1,045.9 21.3 3,373,011.0 68,741.6 3,225.0
2018 1,254.0 25.3 3,667,821.3 74,144.1 2,925.0
2019 1,459.6 29.3 3,977,441.8 79,778.5 2,725.0
2020 1,629.5 32.4 4,297,934.0 85,566.9 2,637.5

Latest Updates And Key Forecasts

  • The market will register a 2015-2020 CAGR of 8.6% in local currency terms and 9.5% in US dollar terms, reaching COP4.3trn (USD1.6bn). The subdued economic outlook will slow down medical device consumption in local currency terms over the forecast period.

  • Import growth in US dollar terms will be volatile due to exchange rate movements and much slower over this decade than in the last. Imports fell by 4.5% to USD0.3bn in the three months to July 2015, while they rose by 6.6% USD1.1bn in the 12 months to July 2015. Comparatively, imports increased by 14.0% to USD1.1bn in 2014, and registered a 2009-2014 CAGR of 14.4%.

  • Exports will remain low over the forecast period despise peso depreciation, due a relatively strong production targeting the internal market. In US dollar terms, exports fell by 4.7% to USD17.8mn in the three months to July 2015, while they rose by 2.6% to USD70.0mn in the 12 months to July 2015. Comparatively, exports rose by 2.0% to USD71.6mn in 2014, but recorded a 2009-2014 CAGR of -5.0%.

  • Leading multinationals will continue to consolidate their market presence. BSN Medical announced a joint venture with Ortopedicos Futuro in December 2015, GE Healthcare signed a definitive agreement to acquire General Medica de Colombia in February 2015, and Smith & Nephew announced the acquisition of EuroCiencia Colombia in March 2015.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2010-2020 (USDmn)
20
Table: Consumables Market, 2011-2020 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
24
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
25
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2010-2020 (USDmn)
29
Table: Dental Products Market, 2011-2020 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn, % Change)
34
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2010-2020 (USDmn)
37
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
40
Table: Other Medical Devices Market, 2010-2020 (USDmn)
41
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
48
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2014
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending July 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
65
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
67
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2014
71
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
74
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
77
Monthly Medical Device Exports
80
Table: Monthly Medical Device Exports By Product Area, Year Ending July 2015 (USDmn)
80
Industry Risk/Reward Index
81
Table: Americas Medical Device Risk/Reward Index, Q216
82
Market Overview
83
Medical Device Market Overview
83
Table: Medical Device Market, Key Ratios, 2015
83
Table: Medical Device Market By Product Area, 2015
84
Healthcare Overview
84
Health Status
84
Healthcare System
86
Healthcare Funding
88
Healthcare Resources
92
Healthcare Activity
92
Healthcare Personnel
92
Key Healthcare Data
93
Table: Key Healthcare Data, 2010-2015
93
Industry Trends And Developments
95
Industry Trends & Developments
95
Table: Leading Medical Device Suppliers, 2010-July 2015 (USDmn)
95
Table: Leading Medical Device Destinations, 2010-July 2015 (USDmn)
97
Regulatory Development
100
Medical Device Regulations
100
Competent Authority
100
Regulations
100
Fees
101
Table: Medical Device Registration Fees, 2014
102
Market Vigilance
102
Medical Device Pricing & Reimbursement
102
Pricing
102
Health Technology Assessment
105
Competitive Landscape
106
Domestic Medical Device Production
106
Table: Medical Device Production By Product Area, 2008-2013 (COPmn)
106
Table: Medical Device Production By Product Area, 2008-2013 (USDmn)
109
Domestic Medical Device Manufacturing
113
Table: Medical Device Producers, 2006-2010
113
Table: Medical Device Producers By Size And Type, 2010
113
Table: Medical Device Producers By Department, 2010
114
Table: Establishments Certified For Medical Device Production, August 31 2014
115
National Medical Device Manufacturers
122
Ranking
122
Table: National Medical Device Manufacturers' Ranking By Sales, 2009-2013 (COPmn)
122
Selected Manufacturers
123
Multinational Medical Device Manufacturers
130
Multinational Market Activity
134
Ranking
134
Table: Multinational Medical Device Companies' Ranking By Sales, 2009-2013 (COPmn)
134
Market Activity
135
Table: Multinational Market Activity, 2016
135
Medical Device Market Access
138
Market Environment
138
Distribution
138
Trade Associations
138
Trade Shows
138
Trade Agreements
138
Methodology
140
Forecast Methodology
140
Trade Code Classifications
141
Table: Rearranged HS Trade Codes
142
Risk/Reward Index Methodology
145
Table: Medical Devices Risk/Reward Index Indicators
146
Sources
148
Contact
149

The Colombia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Colombia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Colombia Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Colombia, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Colombia.
  • Target Business Opportunities in the Colombia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Colombia.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.