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The Medical Device Market: Bangladesh

Published: Jul 2014 | No Of Pages: 110 | Published By: Espicom

Product Synopsis

 
OVERVIEW OF THE MEDICAL MARKET IN BANGLADESH
 
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.
 
There 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 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. Business Monitor International (BMI) 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.
Espicom Industry View7
SWOT9
Medical Device Market9
Political10
Economic11
Business Environment12
Industry Forecast13
Medical Device Market Forecast13
 
Table: Projected Medical Device Market, 2013-201815
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)16
 
Consumables Market Forecast19
Bandages & Dressings19
Suturing Materials19
Syringes, Needles & Catheters19
Other Consumables20
 
Table: Consumables Market, 2008-2018 (US$mn)20
Table: Consumables Market, 2009-2018 (US$mn % Change)21
 
Diagnostic Imaging Market Forecast23
Electrodiagnostic Apparatus23
Radiation Apparatus23
Imaging Parts & Accessories23
 
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)24
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)25
 
Dental Products Market Forecast26
Capital Equipment26
Instruments & Supplies27
 
Table: Dental Products Market, 2008-2018 (US$mn)27
Table: Dental Products Market, 2009-2019 (US$mn % Change)27
 
Orthopaedic & Prosthetics Market Forecast29
Fixation Devices29
Artificial Joints29
Other Artificial Body Parts29
 
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)30
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)30

Patient Aids Market Forecast31
Portable Aids31
Therapeutic Appliances31
 
Table: Patient Aids Market, 2008-2018 (US$mn)32
Table: Patient Aids Market, 2009-2019 (US$mn % Change)32
 
Other Medical Devices Market Forecast33
 
Table: Other Medical Devices Market, 2008-2018 (US$mn)34
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)35
 
Annual Medical Device Imports36
 
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)40
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)41
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)42
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)43
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)44
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)45
Table: Detailed Medical Device Import Trends By Product Area, 201348
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)52
 
Monthly Medical Device Imports55
 
Table: Monthly Medical Device Imports By Product Area, June 2011-December 2013 (US$mn)55
 
Annual Medical Device Exports57
 
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)61
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)62
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)63
Table: Top 20 Medical Device Destinations, 2013 (US$000s)65
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)66
Table: Detailed Medical Device Export Trends By Product Area, 201369
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)72
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)75
 
Monthly Medical Device Exports78
 
Table: Monthly Medical Device Exports By Product Area, June 2011-December 2013 (US$mn)79
 
Macroeconomic Forecasts81
Economic Analysis81
Investors To Return Amid Renewed Political Stability82
Resilient Garment Sector To Support Recovery82
Growth Challenges Remain82
 
Table: Economic Activity (Bangladesh 2009-2018)84
 
Industry Risk Reward Ratings85
 
Table: Asia Pacific Medical Device Risk/Reward Ratings, Q31486
 
Market Overview87
Medical Device Market Overview87
 
Table: Medical Device Market, Key Ratios 201387
Table: Medical Device Market By Product Area, 201388
 
Healthcare Overview89
Health Status89
Healthcare System89
Healthcare Funding90
Healthcare Resources91
Healthcare Activity91
Healthcare Personnel91
Key Healthcare Data91
 
Table: Key Healthcare Data, 2008-201391
 
Industry Trends & Developments94
Regulatory Development96
Medical Device Regulations96
Competitive Landscape97
Domestic Medical Device Production97
National Medical Device Manufacturers97
Multinational Medical Device Manufacturers98
Multinational Market Activity98
 
Table: Multinational Market Activity, 201498
 
Medical Device Market Access99
Distribution99
Trade Show100
Methodology101
Medical Device Market Methodology101
Trade Code Classifications102
 
Table: Used HS Trade Codes, 2014102
Table: Rearranged HS Trade Codes, 2014104
 
Risk/Reward Ratings Methodology107
 
Table: Medical Devices Risk/Reward Ratings Indicators, 2014108
 
Sources109
Contact110
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