Product Code: ETC009864 | Publication Date: Jun 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Colombia Surgical Instruments market currently, in 2023, has witnessed an HHI of 1409, Which has increased slightly as compared to the HHI of 1336 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Colombia surgical instruments market size is projected to reach USD 32.9 million by 2026, registering a CAGR of 5.5% during the forecast period (2020-2026). A surge in the number of surgeries and an increase in awareness about advanced medical technologies are some of the key factors driving market growth. Further, growing government initiatives aimed at providing quality healthcare services for better patient outcomes are also contributing to significant growth prospects for this industry.
Due to rapid advancements in technology, disposable surgical instruments such as scissors and forceps have gained wide acceptance among surgeons across Colombia due to their convenience and cost effectiveness. Thus, rising demand for technologically advanced devices will further propel market expansion over the coming years. In addition, increasing geriatric population base along with higher prevalence rate of chronic diseases are expected to drive up demand for minimally invasive procedures which would further complement revenue growth of this sector over the forecast timeframe
Moreover, new product launches by leading companies coupled with strategic collaborations between major players operating in Colombia will open lucrative opportunities which could accelerate development within the industry landscape. However, stringent regulatory processes & high costs associated with medical device approvals might restrict entry into local markets thus creating hindrances towards overall development pace over next few years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Surgical Instruments Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Surgical Instruments Market Revenues & Volume, 2019 & 2026F |
3.3 Colombia Surgical Instruments Market - Industry Life Cycle |
3.4 Colombia Surgical Instruments Market - Porter's Five Forces |
3.5 Colombia Surgical Instruments Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Colombia Surgical Instruments Market Revenues & Volume Share, By Surgery Types, 2019 & 2026F |
3.7 Colombia Surgical Instruments Market Revenues & Volume Share, By Surgical Procedure, 2019 & 2026F |
3.8 Colombia Surgical Instruments Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Colombia Surgical Instruments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Colombia Surgical Instruments Market Trends |
6 Colombia Surgical Instruments Market, By Types |
6.1 Colombia Surgical Instruments Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Surgical Instruments Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Colombia Surgical Instruments Market Revenues & Volume, By Surgical Sutures and Staples, 2016 - 2026F |
6.1.4 Colombia Surgical Instruments Market Revenues & Volume, By Handheld Surgical Equipment, 2016 - 2026F |
6.1.5 Colombia Surgical Instruments Market Revenues & Volume, By Electrosurgical Devices, 2016 - 2026F |
6.2 Colombia Surgical Instruments Market, By Surgery Types |
6.2.1 Overview and Analysis |
6.2.2 Colombia Surgical Instruments Market Revenues & Volume, By Open Surgery, 2016 - 2026F |
6.2.3 Colombia Surgical Instruments Market Revenues & Volume, By Minimally Invasive Surgery, 2016 - 2026F |
6.3 Colombia Surgical Instruments Market, By Surgical Procedure |
6.3.1 Overview and Analysis |
6.3.2 Colombia Surgical Instruments Market Revenues & Volume, By Cataract Surgery, 2016 - 2026F |
6.3.3 Colombia Surgical Instruments Market Revenues & Volume, By Heart Surgery, 2016 - 2026F |
6.3.4 Colombia Surgical Instruments Market Revenues & Volume, By Caesarean Section, 2016 - 2026F |
6.3.5 Colombia Surgical Instruments Market Revenues & Volume, By Low Back Pain Surgery, 2016 - 2026F |
6.3.6 Colombia Surgical Instruments Market Revenues & Volume, By Others, 2016 - 2026F |
6.4 Colombia Surgical Instruments Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Colombia Surgical Instruments Market Revenues & Volume, By Cardiology, 2016 - 2026F |
6.4.3 Colombia Surgical Instruments Market Revenues & Volume, By Ophthalmology, 2016 - 2026F |
6.4.4 Colombia Surgical Instruments Market Revenues & Volume, By Urology and Gynecology Surgery, 2016 - 2026F |
6.4.5 Colombia Surgical Instruments Market Revenues & Volume, By Others, 2016 - 2026F |
7 Colombia Surgical Instruments Market Import-Export Trade Statistics |
7.1 Colombia Surgical Instruments Market Export to Major Countries |
7.2 Colombia Surgical Instruments Market Imports from Major Countries |
8 Colombia Surgical Instruments Market Key Performance Indicators |
9 Colombia Surgical Instruments Market - Opportunity Assessment |
9.1 Colombia Surgical Instruments Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Colombia Surgical Instruments Market Opportunity Assessment, By Surgery Types, 2019 & 2026F |
9.3 Colombia Surgical Instruments Market Opportunity Assessment, By Surgical Procedure, 2019 & 2026F |
9.4 Colombia Surgical Instruments Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Colombia Surgical Instruments Market - Competitive Landscape |
10.1 Colombia Surgical Instruments Market Revenue Share, By Companies, 2019 |
10.2 Colombia Surgical Instruments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |