Why Bangladesh

Bangladesh meets nearly 98 percent of its domestic demand for pharmaceutical products, with a market size of approximately $3 billion. Bangladesh Investment Development Authority (BIDA) reveals that the current market size of medical device is estimated at around $442 million and it is flourishing at an annual growth rate of 13%. The import of Bangladesh medical devices has been growing at a CAGR of around 10%, significantly higher than the global industry growth of 4-6%. The market was estimated to be over USD 500 million in June 2021.