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.
Government funding is low and the country continues to rely on international aid. An unstable political environment tarnished by corruption has made healthcare reform somewhat of an afterthought.
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 2011and 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.
In April 2012, the IMF approved a US$987.0mn Extended Credit Facility for Bangladesh, to be disbursed in seven instalments of US$141.0mn. The first tranche was released immediately, but there are growing indications that the second tranche may be deferred due to the IMF’s dissatisfaction with the country’s lack of progress with economic reforms.
With This Market Report You Can:
- Evaluate the potential of the market
- Assess risks and opportunities on the basis of knowledge
- Profile the market for new product, licences or collaborations
- Understand the operating and regulatory environment
- Gain a complete picture on health expenditure and infrastructure
- Review the competitive environment
Title Index:
- Industry View
- SWOT
- Medical Device Market
- Political
- Economic
- Business Environment
- Industry Forecast
- Medical Device Market Forecast
Consumables Market Forecast
- Bandages & Dressings
- Suturing Materials
- Syringes, Needles & Catheters
- Other Consumables
Diagnostic Imaging Market Forecast
- Electrodiagnostic Apparatus
- Radiation Apparatus
- Imaging Parts & Accessories
Dental Products Market Forecast
- Capital Equipment
- Instruments & Supplies
Table: Dental Products Market, – (US$mn)
Table: Dental Products Market, – (US$mn % Change)
- Orthopaedic & Prosthetics Market Forecast
- Fixation Devices
- Artificial Joints
- Other Artificial Body Parts
Patient Aids Market Forecast
- Portable Aids
Therapeutic Appliances
- Other Medical Devices Market Forecast
- Annual Medical Device Imports
- Monthly Medical Device Imports
- Annual Medical Device Exports
- Monthly Medical Device Exports
- Macroeconomic Forecasts
- Healthcare Overview
- Health Status
- Healthcare System
- Healthcare Funding
- Healthcare Resources
- Healthcare Activity
- Healthcare Personnel
- Key Healthcare Data
Industry Trends & Developments
- Regulatory Development
- Medical Device Regulations
- Competitive Landscape
- Domestic Medical Device Production
- National Medical Device Manufacturers
- Multinational Medical Device Manufacturers
- Multinational Market Activity
Medical Device Market Access
- Distribution
Trade Show
- Methodology
- Medical Device Market Methodology
- Trade Code Classifications
Risk/Reward Ratings Methodology
- Sources
- Contact
Companies Mentioned:
- Abbott Laboratories
- Baxter International
- Boston Scientific
- GE Healthcare
- Hitachi Medical
- Johnson & Johnson
- Philips Healthcare
- Siemens Healthcare
Pricing:
Electronic (Single User): USD 1129
Electronic (Single User): USD 1129
Electronic (Enterprisewide): USD 6772
Electronic (Enterprisewide): USD 6772