Colombia’s medical device and equipment market: Stagnating

The Colombia healthcare market has been stagnating from 2014 thru 2016. The market remains at a steady 1.1 million units sold across all major classes of equipment, devices and consumables.

Meanwhile, the market’s value experienced a 13% year-over-year drop, going from $1.1 billion in 2014 to $0.9 billion in 2016, revealing the extent of the economic downturn and the pressure put on importers and distributors to sacrifice margins and lower pricing.

A rising demand for miscellaneous supplies such as gas masks and gas meters were able to keep the market afloat, but no conventional modality experienced legitimate success.

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Guillaume Corpart
Guillaume Corpart is Managing Director of Global Health Intelligence (GHI). Guillaume founded GHI after nearly two decades of market intelligence and business consulting experience in emerging markets. His blog posts typically revolve around his areas of expertise: Latin American hospitals, medical technology infrastructure and healthcare systems.
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