Medical Devices

Bogota offers numerous advantages to companies interested in the development, manufacturing and sale of medical devices. The city’s broad experience in the health sector has developed a highly qualified workforce, which can be hired at competitive rates. Medical devices manufactured in Colombia qualify for preferential access to the most important markets in the region.

What Investors Have to Say

“(...) In 2001 the company invested approximately US$15 million to build a production plant in Bogota that centralized production. Excellent product reception, high levels of quality and customer trust, technological development, and permanent scientific support are all factors leading to success: 55% of our production is exported to countries such as Peru, Chile, Ecuador, Venezuela, Panama, Costa Rica, Salvador and Guatemala”.
Jaime Baena, President, Fresenius Medical Care Colombia S.A.

Why Locate in Bogota

• Access to the most important markets in Latin America
• A highly qualified workforce trained in manufacturing processes allows for a rapid learning curve
• Free, tailor-made training programs for employees
• Competitive costs for qualified and semi-qualified labor
• A flexible labor regime
• An important center for the development of products and surgical procedures
• Attractive investment incentives

Medical Device Production in Bogota and Colombia

• The Industry has more than 2,000 people and exports to 36 countries
• During the last five years, exports of Colombian medical devices registered a compound growth rate of 15% and reached a total of US $93 million in 2009
   

Medical Devices Exports from Colombia (2005-2009) 

Source: Cámara de Proveedores de la Salud, ANDI (Industry Chamber of Commerce)