FRONTIERS OF PRODUCTION POSSIBILITIES FOR PHARMACEUTICAL PRODUCTS, MEDICINAL CHEMICAL SUBSTANCES, AND BOTANICAL PRODUCTS FOR PHARMACEUTICAL USE IN COLOMBIA
Main Article Content
Keywords
Frontiers of possibilities, production, pharmaceutical products, medicinal chemicals, botanical products for pharmaceutical use
Abstract
The pharmaceutical industry in Colombia has experienced significant growth in recent years, standing out for its potential in the production of pharmaceutical products, medicinal chemicals, and botanical products for pharmaceutical use. However, the dependence on the import of raw materials and finished products, along with technological and regulatory limitations, pose challenges for the optimization of the production possibilities frontiers in the sector. The objective of this study is to analyze the production possibilities frontiers of pharmaceutical products, medicinal chemicals, and botanical products for pharmaceutical use in Colombia, in order to identify areas for improvement and propose strategies to strengthen the national pharmaceutical industry. A quantitative approach was used to analyze production and efficiency data in the Colombian pharmaceutical industry. Data Envelopment Analysis (DEA) techniques were applied to assess the relative efficiency of production units and secondary data from official sources such as DANE and the Ministry of Health were used. The results of the study revealed that the pharmaceutical industry in Colombia faces significant challenges in terms of efficiency and production capacity. Areas for improvement in production technology, staff training, and regulatory harmonization were identified. In addition, innovation and the promotion of effective public policies were found to be key to strengthening the competitiveness of the sector. This study highlights the importance of optimizing the frontiers of production possibilities in the Colombian pharmaceutical industry to ensure access to quality medicines and strengthen the industry at the national level. The implementation of strategies that foster innovation, improve efficiency, and promote public policies that support the sustainable development of the pharmaceutical sector in Colombia is recommended.
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Yahilina Silveira Pérez
Universidad de Sucre
José Ramón Sanabria Navarro
Universidad de Córdoba
William Alejandro Niebles Núñez
Universidad de Sucre