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Colombia Pharmaceuticals and Healthcare Report Q3 2013

Colombia pharmaceuticals market: Healthcare sector valued at $23.75bn in 2013


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2014-04-21 18:55:04 - Colombia Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com

The World Health Organization (WHO)´s recent adjustment to Colombia´s historical healthcare expenditure highlights the government´s efforts to contain costs and the greater-than-expected financial difficulties affecting the country´s private healthcare reforms. We forecast relatively strong growth in Colombia´s public healthcare spending, as the cost of healthcare provision escalates and demand increases for drugs and services under the Obligatory Health Plan (POS). The country´s private healthcare sector will grow at a much lower rate, as there is no indication to show that the financial troubles plaguing Colombian private insurers are diminishing.

- Headline Expenditure Projections

- Pharmaceuticals: COP7,580bn (US$4.22bn) in 2012 to COP8,111bn (US$4.47bn) in 2013; +7.0% in local currency terms and +5.9% in US dollar terms. Forecast in line with Q213.

- Healthcare: COP40,307bn

 

 

(US$22.43bn) in 2012 to COP43,113bn (US$23.75bn) in 2013; +7.0% growth in local currency terms and +5.9% in US dollar terms. Forecast somewhat lower in relation to the previous quarter, as historical figures decreased substantially on the back of new data.

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