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Home Invest in bogota
Bogotá
GMT -5

06:43 pm

New York
GMT -5

06:43 pm

L. A.
GMT -8

03:43 pm

Tokyo
GMT +9

08:43 am

Sydney
GMT +11

10:43 am

London
GMT +0

11:43 pm

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  1. Home
  2. Investment Sectors
  3. Medical Devices

Medical Devices

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Colombia has successfully positioned itself as the third largest medical devices market in Latin America, after Brazil, and Mexico. Business Monitor International forecasts indicate that Colombia is projected to stay in this rank for 2022.

This position is the product of the dynamism of the sector in Colombia. This segment has presented average annual growth rates between 2014 and 2017 of 18% in local currency (COP) and of 7,9% in USD. In Colombia, the medical device sector presents a strong reliance on imports, these represent 84% of the total sales. This is one of the reasons that bring up great opportunities for local production, in order to gain competitiveness in strong variations cycles of the exchange rate.

Bogota represents 75% of the sales. The city offers several advantages for producers, this is demonstrated with the concentration of manufacturers in Bogota, 50% of them locates in the capital.

Medical device market

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If you need more detailed information, find in the lower part the information of our investment officers in charge of this sector.

 

Actualizado (dd/mm/aaaa): 28/06/2019

Investment Sectors

Information Technology

Outsourcing Industry (BPO)

Pharmaceutical Industry

Health Services

Medical Devices

Food and Beverages Industry

Infrastructure and City Projects

Construction Materials

Creative and Cultural Industries

Cosmetics

Other investment sectors

Related files
Medical devices
Medical devices in Bogota Formato PDF 1062 MB Español
Download the Fact Sheet with basic information of this sector in Bogotá.

Contact an advisor

Contact Invest in Bogotá to receive all the information and advice you need to invest in Bogota and Colombia.

Juan Sebastián Perez
Juan Sebastián Pérez
Senior Investment Officer
sperez@investinbogota.org
+57(1) 742330 ext. 313
david canal
David Canal
Investment Officer
dcanal@investinbogota.org
+51(1) 7423030 Ext. 338

Need more information?

Contact Invest in Bogota to receive all the information and advice you need to invest in Bogota and Colombia.

Contact us

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      Health Services
    2. pharmaceutical in bogota
      Pharmaceutical Industry
    3. Cosmetics in bogota
      Cosmetics
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