Colombia is the third largest health market in Latin America.
Colombia is the third largest healthcare market in Latin America with USD 24.1 Bn for 2017 and 46 Mn affiliates to the healthcare system representing 96% of the population.
The country´s healthcare system is ranked #1 in Latin America and #22 worldwide according to the World Healthcare Organization. Part of this top spot in the charts is explained by the low burden of payments in the user: For 2017, 76% of the total healthcare expenditure was public and the remaining 24% private, where out of pocket expenses are very low. The rest of Latin America presents different proportions, reporting an average of 56% and 44% of government and private spend respectively.
Bogotá, city of health
20% of the healthcare system affiliates are located in Bogota-region, followed by the states of Antioquia with 13% and Valle with 9%. Also, the quality of the institutions of the city stands out, 7 of the top 49 hospitals in Latin America are located in the city, according to America Economia´s 2018 ranking. Colombia is well positioned in this list as well with 22 institutions overall.
Over 94% of the population of Bogotá is covered by the healthcare system, 83% of these belong to the contributive system, 16% are part of the subsidized scheme and the remaining 2% are classified among the exemption regime.
Healthcare expenditure in Colombia
If you need more detailed information, find in the lower part the information of our investment officers in charge of this sector.
Updated (mm/dd/yyyy): 12/20/2018