In 2020, the GHI team conducted interviews with over 10,000 hospitals across Latin America in order to monitor equipment counts and installed capacity of key capital equipment. This data fuels HospiScope, which the world’s top medical equipment & devices manufacturers use to identify prospects, understand the marketplace, conduct propensity analysis and more. 

Data was obtained from hospitals in 17 markets across Latin America, including Argentina, Brazil, Chile, Colombia, Mexico, Peru and Puerto Rico, amongst others. GHI compared aggregate equipment counts in the hospitals in these markets in 2020 versus 2019 to analyze which capital equipment types posted growth or contraction.

The 10 Medical Equipment Types That Grew the Most in 2020 in Latin America

The 10 Medical Equipment Types That Contracted the Most in 2020 in Latin America

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What are the key drivers of growth and contraction? What will 2021 bring? Will the categories that contracted in 2020 rebound during 2021? Will the categories that grew in 2020 continue to grow?

Our InScope service can help answer those questions via customized research that can allow you to gauge demand for your preferred product types all over Latin America or in specific markets.

You can also subscribe to our LatAm Hospital Monitoring Service to get the latest data on hospitals in your preferred market, every week, all through a PowerBI interface for easy data visualization.

Contact us for more information about these and other market intelligence services that help medical equipment/device companies drive their success in Latin America.  

Not surprisingly, the medical device market in Colombia has followed suit in terms of a bit of a downturn, as you can see from the import data we break down below.

Imported Medical Equipment Value into Colombia in 2017

According to ShareScope—Global Health Intelligence’s market size/share tool for medical device brands in LatAm—the value of medical equipment and devices imported into Colombia in 2017 will drop by 7% compared to 2016. This comes after a drop in value of 15% in 2016 and a drop of 7% in 2015.

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Quantities of Imported Medical Equipment into Colombia in 2017

ShareScope analysis also projects that in 2017, a total of 112 million units of medical equipment and devices will be imported into Colombia, which is a drop of 37% compared to the amount imported in 2016, which was more than 179 million units.

Growth Areas with Colombia’s Medical Device/Equipment Market in 2017

Despite Colombia having a forecasted drop of 19% in both value and quantities of medical equipment imported into the country, there are some areas of growth as per ShareScope:

• Other breathing appliances and gas masks: An increase of 95% in quantities imported into Colombia
• CAT scanners, X-ray machines, radiography tubes, radiotherapy equipment: An increase of 23% in the amounts imported into Colombia

 The Need for Deeper Data

Though it may seem counter-intuitive, the downturn in Colombia’s imports of medical devices and equipment makes the need for more detailed data stronger than ever. That’s because a contracting market makes competition more intense—medical device companies will struggle to maintain or increase market share against competitors trying to encroach.

How Your Company Can Stay Strong in the Colombian Market

Global Health Intelligence’s data resources can help you strengthen your position in Colombia’s medical equipment and devices market in a couple of key ways:

#1 ShareScope: Via ShareScope, we measure market share for different companies when it comes to specific types of products, allowing you to see at a glance how well your company is faring—or may not be—in the highly competitive Colombian medical devices market. Contact us to obtain these crucial data portraits of different market sectors.

#2 Competitive Intelligence: A tighter market means you need to know what your competition has up its sleeve…and our services in this area can give you insight into what rivals are planning to do so you can counteract their moves with even better strategies.

#3 HospiScope: Import data is just part of the picture when it comes to the Colombian medical devices market. Subscribing to our hospital database will also let you see installed based equipment for different hospitals in Colombia so you can truly see what market conditions are like—and find new sales prospects quickly and efficiently.

#4 In-Scope: Import data lumps together products into broader categories, but you may just need to know what the status is for one specific product type. Our In-Scope service can get that information for you while also answering tougher questions you may have about the devices market in Colombia.

NEXT STEPS

Contact GHI today to explore further how our services can help you take advantage of the opportunities in Colombia’s medical devices market. Also please see our state of the medical equipment/device market portraits for Brazil, Mexico and Peru to understand the trends in those markets as well.

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