Business Monitor International


Colombia Medical Devices Report

Published 01 July 2014

  • 166 pages
 
$1,295.00
Colombia Medical Devices Report

Espicom 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 h ealthcare and regulatory developments implemented over the last three years 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. Imports continue to rise in value in US dollar terms, although growth rates have moderated from the high rises recorded in 2010 and 2011. Imports rose by 10.3% in the 12 months to February 2014, reaching US$964.1mn. Diagnostic imaging was the fastest growing product area.

  • 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 6.1% in the 12 months to February 2014, to US$69.8mn. The two largest product areas, consumables and other medical devices, recorded very different trends during this period, with consumables rising whilst other medical devices contracted.

  • 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...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Medical Device Market Forecast
14
2008-2013 Performance
14
2013-2018 Performance
15
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (US$mn)
23
Table: Consumables Market, 2009-2018 (US$mn % Change)
24
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
26
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
27
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2009-2018 (US$mn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USmn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (USmn)
36
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (US$mn)
38
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
39
Annual Medical Device Imports
40
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, 2013
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, January 2011 - February 2014 (US$mn)
59
Annual Medical Device Exports
61
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, 2013
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, January 2011 - February 2014 (US$mn)
82
Macroeconomic Forecasts
84
Table: Colombia - GDP By Expenditure, Real Growth %
88
Industry Risk Reward Ratings
89
Table: Americas Medical Device Risk Reward Ratings, Q314
90
Market Overview
91
Medical Device Market Overview
91
Table: Medical Device Market, Key Ratios, 2013
92
Table: Medical Device Market By Product Area, 2013
93
Healthcare Overview
93
Health Status
93
Healthcare System
94
Healthcare Funding
95
Table: Health Insurance Coverage By Type, 2012
96
Healthcare Resources
99
Healthcare Activity
100
Healthcare Personnel
100
Key Healthcare Data
100
Table: Key Healthcare Data, 2008-2013
100
Industry Trends And Developments
103
Industry Trends & Developments
103
Regulatory Development
106
Medical Device Regulations
106
Competent Authority
106
Regulations
106
Fees
107
Table: INVIMA's Medical Device Registration Fees, 2013
108
Technical Vigilance
108
Medical Device Pricing & Reimbursement
108
Pricing
108
Health Technology Assessment
109
Competitive Landscape
110
Domestic Medical Device Production
110
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 Manufacturing
117
Table: Medical Device Producers, 2006-2010
117
Table: Medical Device Producers By Size And Type, 2010
117
Table: Medical Device Producers By Department, 2010
118
National Medical Device Manufacturers
119
Detailed Manufacturers
119
Other Listed Manufacturers
122
Multinational Medical Device Manufacturers
123
Multinational Market Activity
125
Table: Multinational Market Activity, 2014
125
Medical Device Market Access
127
Market Environment
127
Distribution
127
Trade Associations
127
Trade Shows
128
Trade Agreements
128
Methodology
130
Medical Device Market Methodology
130
Trade Code Classifications
131
Table: Used HS Trade Codes, 2014
131
Table: Rearranged HS Trade Codes, 2014
133
Risk/Reward Ratings Methodology
136
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
137
Sources
138
Contact
139

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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