Pharmaceutical sector in Valle del Cauca
Last update: 18/02/2020
Colombia has one of the largest pharmaceutical markets of Latin America with a record of more than USD$4,5 billion. The health sector in Valle del Cauca comprises a network of more than 500 companies, which are part of a strong value chain that includes providers, pharmaceutical companies, specialized packing, among others.
The pharmaceutical industry of the region represents 15% of the national production, being the second largest medicine and pharmaceutical producer in Colombia, with 6 of the main 20 pharmaceutical firms.
Valle del Cauca is one of the national leaders in manufacture and export of several products in the sector, and given its logistic advantages, global leaders have settled in this region to serve the inner market and that of Latin America; that is the case of Baxter, Abbott Laboratories, Sanofi, Bristol-Myers Squibb, BSN Medical, etc. Likewise, Cali is the host of the largest colombian pharmaceutical lab: Tecnoquimicas and the best Hospital in Colombia and third in Latin America: Fundacion Valle del Lili.
Pharmaceutical sector in Valle del Cauca
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Colombia’s pharmaceutical production
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Pharmaceutical product exports from Valle del Cauca
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Sector growth in the region
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of colombian exports from the pharmaceutical sector are to Latin American countries.
Besides highly qualified human resource with specific knowledge in the sector and more than 20 higher education programs related with the pharmaceutical sector, the region offers of the most cost-efficient multimodal platforms in Latin America..
The Port of Buenaventura is responsible for more than 40% of Colombia’s International Trading; an international airport, freeways and free trade zones provide an ideal infrastructure for the establishment of intense International Business operations, with the possibility to export products and import supplies.
These advantages, added to one of the most biodiverse ecosystems in the world and a growing demand from the settled companies, allow great opportunities for pharmaceutical product manufacture of high added value, natural products and ingredients, equipment, medical devices and biomedical technology, specialized packing, among others. The region’s growing innovation in chemistry and biotechnology also offers special conditions for the development of specialized R&D centers and certification labs.
Some of the pharmaceutical sector companies with presence in Valle del Cauca
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