International Health Fair with Congress of Hospitals and Clinics

Future prospects for “Medical Technology”
Although the government has so far been able to prevent the corona virus from spreading widely, the downturn in the economy is severe and a recession is likely. Colombia is considered the third largest market for medical technology in Latin America. Originally, annual growth of 6-7 percent was expected until 2023 to reach around USD 1.6 billion.
The country relies on deliveries from abroad in the medical technology sector, which last year saw growth in double figures again for the first time. Opportunities for international companies arise in particular from the great need to modernise public hospitals and private clinics. However, the continuing decline in the value of the peso is limiting spending on imported medical technology.

Further information: www.minsalud.gov.co