Colombia Pharma and Healthcare Sector Report 2024-2025

Colombia was the fourth largest pharmaceutical market in Latin America in terms of sales value as of June 2022, and has a large and growing population. The country has a near-universal social security health insurance system, which suffers from chronic underfunding. Its complete overhaul continues to be debated in the national congress as of July 2024, despite an initial proposal for reform introduced by the government in February 2023 being rejected. Moreover, Colombia has a relatively sizeable private health insurance market, the fourth largest in Latin America in terms of market value for 2022. In 2023, healthcare spending in both the private and public segments continued to surge, supported by factors such as an ageing population and growth in medical tourism. However, the pharmaceutical segment had a difficult year, due to a shortage of imported drugs and significant disruptions in the institutional drug market due to the financial crisis of EPS entities. Nonetheless, the long-term outlook of the pharmaceutical manufacturing segment is improving due to the development of new domestic capacities (e.g., vaccine manufacturing and special pharmaceutical-grade salts).

This report provides a complete and detailed analysis of the "Pharmaceuticals production" sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Pharmaceuticals production" sector in Colombia
• Crystallise the forces both driving and restraining this sector in Colombia
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia.
• Build a clear picture of trends, output and consumption for specific sub-sectors