Business Monitor International


Colombia Medical Devices Report

Published 05 December 2014

  • 166 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Colombia Medical Devices Report

BMI Industry View:   The Colombian m edical device market   has benefitted from the country's increasingly political stability and GDP growth above the Latin American average in recent years. It now   ranks fourth in Latin America   and is projected to register the third fastest 2013-2018  CAGR in the region . Per capita medical device expenditure is low but continuing h ealthcare and regulatory developments will provide new growth opportunities for medical device companies in the long-term. Multinationals that already have a presence in the Latin American market will have a distinct advantage over new entrants. 

Headline Industry Forecasts

  • The medical device market was valued at US$1.2bn in 2013, ranking fourth in the Latin American region. It is projected to register the third fastest 2013-2018 CAGR in the region, at 12.0%. The market is forecast to almost double in value in the forecast period, reaching US$2.1bn in 2018.

  • The market is heavily reliant on medical device imports, especially in the more high tech sectors. Import growth rates have moderated from the high rises recorded in 2010 and 2011. Imports rose by 14.8% in the 12 months to September 2014, reaching US$1,041.2mn. All product areas, except dental products, recorded double-digit growth.

  • Medical device exports, although comparatively low in value, were posting strong growth in US dollar terms until 2009, but growth rates have since registered a sharp decline. Exports fell by 7.6% in the 12 months to September 2014, to US$68.5mn.

  • There is some domestic capacity for more basic items. In addition, 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. Production is estimated at nearly US$300.0mn.

Headline Risk Reward Ratings

  • Colombia is the sixth most attractive market in the Americas region in which to...

Table of Contents

Espicom Industry View
9
SWOT
11
Medical Device Market
11
Political
13
Economic
14
Business Environment
15
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
24
Other Consumables
24
Table: Consumables Market, 2008-2018 (US$mn)
25
Table: Consumables Market, 2009-2018 (US$mn % Change)
26
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
28
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2008-2018 (US$mn)
32
Table: Dental Products Market, 2009-2018 (US$mn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USmn)
38
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
38
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2008-2018 (US$mn)
40
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
45
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
48
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, May 2011 - June 2014 (US$mn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
78
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, May 2011 - June 2014 (US$mn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Table: GDP By Expenditure (Colombia 2011-2018)
90
Industry Risk Reward Ratings
92
Table: Americas Medical Device Risk Reward Ratings, Q414
93
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios, 2013
95
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
96
Health Status
96
Healthcare System
97
Healthcare Funding
98
Table: Health Insurance Coverage By Type, 2012
99
Healthcare Resources
102
Healthcare Activity
103
Healthcare Personnel
103
Key Healthcare Data
103
Table: Key Healthcare Data, 2008-2013
103
Industry Trends And Developments
106
Industry Trends & Developments
106
Regulatory Development
109
Medical Device Regulations
109
Competent Authority
109
Regulations
109
Fees
110
Table: INVIMA's Medical Device Registration Fees, 2013
111
Technical Vigilance
111
Medical Device Pricing & Reimbursement
111
Pricing
111
Health Technology Assessment
112
Competitive Landscape
113
Domestic Medical Device Production
113
Table: Medical Device Production By Product Area, 2007-2011 (COPmn)
113
Table: Medical Device Production By Product Area, 2007-2011 (US$mn)
116
Domestic Medical Device Manufacturing
120
Table: Medical Device Producers, 2006-2010
120
Table: Medical Device Producers By Size And Type, 2010
120
Table: Medical Device Producers By Department, 2010
121
Table: Establishments Certified For Medical Device Production, August 31 2014
122
National Medical Device Manufacturers
129
Ranking
129
Table: National Medical Device Manufacturers' Ranking By Sales, 2009-2013 (COPmn)
129
Selected Manufacturers
130
Multinational Medical Device Manufacturers
136
Ranking
136
Table: Multinational Medical Device Manufacturers' Ranking By Sales, 2009-2013 (COPmn)
136
Selected Manufacturers
136
Multinational Market Activity
139
Ranking
139
Table: Multinational Medical Device Companies' Ranking By Sales, 2009-2013 (COPmn)
139
Market Activity
140
Table: Multinational Market Activity, 2014
140
Medical Device Market Access
142
Market Environment
142
Distribution
142
Trade Associations
142
Trade Shows
143
Trade Agreements
143
Methodology
145
Medical Device Market Methodology
145
Trade Code Classifications
146
Table: Used HS Trade Codes, 2014
146
Table: Rearranged HS Trade Codes, 2014
148
Risk/Reward Ratings Methodology
151
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
152
Sources
153
Contact
154

The Colombia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc