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Healthcare, Regulatory and Reimbursement Landscape Market Expected To Grow At CAGR Of 7.3% Between Years 2015-2020

Press Release   •   Jan 06, 2017 06:22 EST

GlobalData, the industry analysis specialist, has released its latest report, CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - Colombia. The report is an essential source of information on and analysis of the healthcare, regulatory and reimbursement landscape in Colombia. It identifies the key trends in the countrys healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets. It uses data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalDatas team of industry experts.

In 2015, the population of Colombia was approximately 48.2 million, growing at a Compound Annual Growth Rate (CAGR) of 1.2%, over the 2008-2015 period. The value of the pharmaceutical market was estimated at $5 billion in 2015, and is expected to reach $7.1 billion by 2020, increasing at a projected CAGR of 7.3%.

The positive trends in the healthcare market of Colombia can be attributed primarily to -

- Increasing awareness of health and well-being in society

- Increasing affordability and compliance

- A strategic move by the Colombian government towards compulsory health insurance

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The report provides information on the healthcare, regulatory, and reimbursement landscape in Colombia, and includes -

- An overview of the pharmaceutical and medical device markets, including size, segmentation, and key drivers and barriers

- Profiles and SWOT analyses of the major players in the pharmaceutical and medical device markets. The key players covered for the pharmaceutical market are Tecnoquimicas, Pfizer, Merck, Roche and Procaps.

- An insightful review of the reimbursement and regulatory landscape, with details of the reimbursement process, regulatory agencies, and market authorization processes for new drug and medical devices

- Detailed analysis of the political and economic environment, including economic indicators, demographics, healthcare infrastructure, and healthcare expenditures

- An overview of the opportunities and challenges for growth in the healthcare market

Reasons to buy

This report will enhance your decision-making capability by allowing you to -

- Develop business strategies by understanding the trends shaping and driving Colombia healthcare market

- Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments and companies likely to impact Colombias healthcare market in the future

- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing competitors performance

- Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment and strategic partnership

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Table of Contents

1 Table of Contents 5

1.1 List of Tables 8

1.2 List of Figures 11

2 Introduction 14

2.1 GlobalData Report Guidance 14

3 Overview of the Pharmaceutical and Medical Device Markets 15

3.1 Pharmaceutical Market 15

3.1.1 Market Overview 15

3.1.2 Pharmaceutical Exports and Imports 18

3.1.3 Supply Channels 19

3.1.4 Market Segments 20

3.1.5 Major Disease Areas 21

3.1.6 Major Companies 23

3.2 Medical Device Market 59

3.3 Market Drivers and Barriers 60

3.3.1 Drivers 60

3.3.2 Barriers 61

4 Market Access 63

4.1 Reimbursement and Payer Landscape 63

4.1.1 Overview of Healthcare System 63

4.1.2 Reimbursement Process 69

4.1.3 Overview of Insurance Providers 70

4.1.4 Patient Share in Healthcare Spending 72

4.1.5 Price Trends in Healthcare Sector 73

4.1.6 Pricing Policies 74

4.2 Regulatory Landscape 77

4.2.1 Overview of Regulatory Agencies 77

4.2.2 Market Authorization Procedure for Pharmaceutical Products 79

4.2.3 New Medical Device Approval Process 88

4.2.4 Licensing Process for Pharmaceutical and Medical Device Manufacturing 90

4.2.5 Licensing Process for Pharmaceutical Exports and Imports 93

4.2.6 Intellectual Property Rights 94

4.2.7 Clinical Trial Regulations 99

4.2.8 Pharmaceutical Advertising Regulations 100

4.2.9 Pharmacy Regulations 102

4.2.10 Labeling and Packaging Regulations 104

5 Country Analysis 106

5.1 Political Environment 106

5.1.1 Political Structure 106

5.1.2 Analysis of the Current Political Environment 107

5.1.3 Healthcare Policy Initiatives 109

5.2 Economic Landscape 110

5.3 Economic Indicators 112

5.3.1 Gross Domestic Product 112

5.3.2 Gross National Income 116

5.3.3 Inflation 117

5.3.4 Currency Exchange Rate 120

5.3.5 Foreign Direct Investment 121

5.3.6 Foreign Exchange Reserves 122

5.3.7 Trade Balance 123

5.3.8 General Government Structural Balance 125

5.3.9 General Government Net Debt 126

5.3.10 Major Industries 128 is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.