Bangladesh Medical Device Market – 2015 Report

Research and Markets has announced the addition of the “The Medical Device Market: Bangladesh” report to their offering.

Bangladesh remains one of the poorest countries in the world. Poverty is widespread throughout and GDP is extremely low, despite it being the eighth most populous country on earth. Frequent large scale flooding also remains a constant threat.

medicine-640There is a marked disparity in the standard of healthcare between rural and urban areas. The capital city Dhaka enjoys a higher standard of primary care, and is home to a modest but growing private sector while healthcare coverage in remote regions remains insufficient.

Bangladesh has virtually no domestic manufacturing industry and only produces a negligible number of low-tech medical items. Almost all medical goods have to be imported.

In 2013, the Bangladeshi medical device market is estimated at US$145.8mn, equal to just US$0.9 per capita. The per capita spending rate is one of the lowest in the world, similar to Indonesia.

After a sharp rise in 2010, Bangladesh’s medical imports increased by just 1.1% to US$129.1mn in 2011 and then fell by 18.4% to US$105.3mn in 2012.

The Bangladeshi economy is developing at a fast pace. Real growth of 6.3% is expected in 2013 and is forecast to remain at this rate up to 2018. This report estimates GDP at U$S127.1bn in 2013, a per capita rate of US$823. This per capita rate marks out Bangladesh as one of the poorest countries in the world. Agriculture remains an important element of the economy and the largest employer. In the manufacturing sector, textiles and footwear play a crucial role, accounting for close to 50% of exports.

Companies Mentioned:

Abbott Laboratories

Baxter International

Boston Scientific

GE Healthcare

Hitachi Medical

Johnson & Johnson

Philips Healthcare

Siemens Healthcare

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