Introduction
In recent years, we have covered the Medical Device Market from a Mexican perspective. Now, as Veraque expands its regulatory affairs solutions across various countries, we present our latest report focusing on Colombia with up-to-date information from 2023.
In this article we will talk about the importation/exportation value in Colombia compared to other countries focusing specially on Latin America and add some guidelines about the healthcare system. This will help you to get a better picture of this market in Latin America.
The Colombian Market
After reviewing the Colombian central bank data bases and matching them with the UN’s, we found that Colombia is in the 40th place in terms of medical device importations (as referred in the table below) and the 59th place in exportations*
| Position | Country |
| 1 | USA |
| 2 | Netherlands |
| 3 | Germany |
| 4 | China |
| 5 | France |
| 6 | United Kingdom |
| 7 | Mexico |
| (…) 18 | Brazil |
| (…) 30 | Costa Rica |
| (…) 35 | South Africa |
| 36 | Finland |
| 37 | Norway |
| 38 | Hungary |
| 39 | Chile |
| 40 | Colombia |
*Notes:
The information is obtained based on the most representative tariff codes related to medical devices (HS: 9018).
Data up to February 2025.
Guides on the medical device market
For those interested in exploring the intricacies of the medical device market in Colombia, we suggest referring to the following guides. They provide information that can help manufacturers, importers, and healthcare professionals navigate the regulatory landscape efficiently.
- Semantic Standard and Coding of medical devices for Colombia.
- Rights transfer of Sanitary Registration in Colombia.
- Classification for In- Vitro Diagnostics in Colombia.
Conclusions
In 2023, Colombia ranked fifth among Latin American countries for medical device importations, following Mexico, Brazil, Costa Rica, and Chile. INVIMA has introduced tools designed to enhance traceability and information exchange among stakeholders involved in product commercialization. These tools also aim to improve regulatory compliance and market surveillance.
We will be pleased to bring you updated insights on the Medical Device Market as soon as information from 2024 becomes available. We trust you have found this article useful. If you need more information, please send us an email to [email protected]
