Abstract
The Medical Device Market: Bangladesh
Opportunities and Challenges
Bangladesh remains one of the poorest countries in the world and the
healthcare sector relies heavily on international aid. This in-depth market
report provides 5-year market forecasts, analysis of trends, domestic
production, medical imports and exports, health provision and health funding.
Included with the report are 3 free quarterly updated outlook reports,
enabling you to keep up to date with market developments for a year.
Includes 3 quarterly updated outlook reports!
Bangladesh is one of the ten most populous countries in the world. It is also
one of the poorest. Access to even the most basic of healthcare provision
remains sub-standard, despite the ongoing efforts of the government, aided by
considerable international assistance. Adequate secondary or tertiary care is
beyond the reach of all but a very few people. Government hospitals are often
little more than clinics, and suffer from severe shortages of trained staff.
There is a growing private hospital sector, largely based in Dhaka, which
caters for the well-off. It is in the private sector where the most advanced
services are located, and where almost all the demand for advanced equipment
will be found.
Given the country's lack of spending power, the medical equipment market, at
around US$40 million, remains tiny in comparison with the size of the
population. Steadily improving economic performance, combined with a general
determination to boost the quality of healthcare, should lead to steady, if
unspectacular, market growth. Imports in 2003 showed promise, increasing by
over 40% compared to 2002 and the first notable rise in the country's history.
The majority of these comprised electromedical equipment which may herald an
improvement in Bangladeshi facilities. There is very little local production
of medical equipment, so the market is heavily reliant on imports, often
supplied in conjunction with aid projects.
The appointment of a local agent will be necessary to achieve any lasting
presence in the Bangladeshi market. There are a number of these, usually based
in Dhaka. It has also been suggested that suppliers could use Calcutta, just
across the border in India, as a base, although this appears not to be a
popular option at present.
This report comprises four main sections: Medical Device Market Outlook,
Background Data, Healthcare System, and Accessing the Medical Device Market.
The Outlook section provides analysis of the market and five-year forecasts by
technology category, national data projections and key market developments.
Other sections provide a wealth of background and market access information,
including population trends, morbidity and mortality, health expenditure,
organisation & administration, hospital services, ambulatory care, medical
personnel, trade data and essential industry contacts.
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