Deep dive into the Healthcare System and Medical Device Market in Colombia - report incl. surgical procedures

Dec 31, 2015, 08:41 ET from ReportBuyer

LONDON, Dec. 31, 2015 /PRNewswire/ -- This TforG report includes the Surgical Procedures Database with 620 surgical interventions, reported by the ICD-9 coding system in Colombia. To add context to the surgical procedure volumes, the report provides written and numerical analysis on the current trends, size, changes and dynamics of the local markets. In addition, the latest reforms of the local Healthcare system are clearly outlined.

The report helps businesses gain a unique insight into the socio-economic dynamics until 2015, and helps analyze how they affect healthcare systems and their evolution. It can serve as an essential tool for sales, marketing, R&D and business managers with industry related interests.

Four chapters cover the numerical and written analysis for the following topics: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts) and the Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).

The report includes 620 surgical interventions (in pdf format), reported by the ICD-9 international coding system in 13 specialisms, with data for three years: last year's actuals (2014), one year of historical data, and one year of forecast. The specialisms included are: Cardiology, Neurology, Orthopedics, Urology, ENT, Ophthalmology, OBGYN, Endocrinology, Plastic, General, Thoracic, Hemic and Lymphatic system, Oncology.

Economic Outlook:

- The latest data show that the Colombian economy is growing at a rate of 4.2 percent (nominal growth).

- Unemployment is high but decreasing. For 2015, analysts expect this figure to decrease to about 9.5 percent.

- The inflation rate in 2014 was around 3 percent coming from 2.2 percent in 2013 and it is expected to remain stable at about 3.2 percent in 2015.

- The government budget balance for 2015 is at about – 0.75 percent of the GDP, which is higher than Chile and Peru, but better than the rate of – 1 percent reported in 2013.

The Healthcare System:- Colombian healthcare expenditures represent around 7.6 percent of the GDP and about 76 percent stems from public funds.- Colombia provides a universal medical system known as the "General System of Social Security in Health" or "Sistema General de Seguridad Social en Salud (SGSSS)" which covers about 97 percent of the population.- The number of physicians (1.7/1000 inhabitants) and the number of acute hospital beds (1.10/1000 inhabitants) is on the low side in comparison to Brazil and Chile.- There are 976 acute hospitals, 508 public and 432 private hospitals (for-profit), with in total 52717 acute beds.


- Local EPS's will remain in an administrative capacity, but a new entity known as "Mi-Salud" will manage the finances for CR care providers.

- Expansion of the national pharmaceutical formulary.

- Expansion in treatment coverage.

- A shift in focus from a curative to a preventive care model.

The Markets:- Most of the large import purchases stem from private sector demand and this market is considered to be more stable and better funded than the public sector. Reforms from 2012-13 have been aimed at improving the financial situation in the public sector and the results are already evident. -In order for a medical device to enter the Colombian market, it must first be registered at the "Instituto Nacional de Vigilancia de Medicamentos y Alimentos (INVIMA)" which regulates products at a national level.-Factors like economic stability, free trade agreements, increasing demand and the plans for expansion of the healthcare system will make the Colombian healthcare market rich in opportunities, especially in the long term.

Country Overview:

Includes tables centralizing all relevant data on socio-demographics, macroeconomics and national Healthcare.

National Care Provision data:Provides an overview of the Healthcare demographics: Nation Care provision data, Intensive Care units, Operating rooms, Emergency Rooms, Hospital services, Healthcare professionals.

Reasons to buy:

- Accurate analysis of trends, opportunities and challenges of the economy and healthcare industry

- Relevant healthcare reforms

- Written and numerical analysis on important healthcare indicators (eg.: acute care data, critical care data, anesthesia data, emergency data, healthcare professionals)

- Regularly updates, at least once year

- Every update published by TforG within 6 months after your purchase will be made available to you

- Global coverage, available for + 40 countries

- Surgical Procedure Volumes section incl. 620 ICD9 coded procedure volumes for five years: last year's actuals (2014) (2014) (2014), three years of historical data, and two years of forecast

- Actionable information to capture size, trends and potential of the market

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