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New York
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  1. Home
  2. Investment Sectors
  3. Pharmaceutical Industry
20 of January of 2021

Pharmaceutical Industry

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Colombia has the third largest pharmaceutical market in Latin America, due to its growing manufacturing industry and the arrival of multiple global players to the country.

Latin American Pharmaceutical Market 2019  (USD Billion)
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The market breaks down in the following categories:

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Bogota, pharmaceutical capital

Bogota is one of the main pharmaceutical cities in Latin America. In Colombia, it´s home to 66% of the medicine manufacturers, 65% of the pharmaceutical wholesalers, 49% of the sector jobs and 87% of the industry exports.

Additionally, the weather of the city is favourable for the handling and manufacturing of pharmaceutical products with an average annual temperature of 14OC and without any seasons, thus generating low production costs and energy savings

Concurrently, Bogota is the main hub of decision-makers in the healthcare sector and it´s also home of the headquarters of the national regulatory entity (INVIMA), which is one of the top agencies in Latin America with the highest rank awarded by the Pan American Healthcare Organization.

Sources: Ministry of Health, Ministry of Industry, Trade and Tourism, World Bank, Bogota Healthcare Cluster.

Pharmaceutical Market in Colombia
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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.
 

Updated (mm/dd/yyyy): 01/12/2021
 

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
Life Science
Pharmaceutical Industry in Bogota Formato PDF 47 MB Español
Download the Fact Sheet with basic information of this sector in Bogota.

Contact an advisor

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

Juan Sebastián Pérez | Invest in Bogota
Juan Sebastián Pérez
Senior Investment Officer
sperez@investinbogota.org
-
David Canal | Invest in Bogota
David Canal
Investment Officer
dcanal@investinbogota.org
-

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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