Bangladesh Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Bangladesh Medical Devices Report
Product Price
$1,295.00

BMI View: We expect the Bangladeshi medical device market to achieve one of the fastest growth rates in the world, at 1 4. 5% annually, to 2019. With little domestic production, the demand for imported goods continues to drive growth, and positive trade indicators confirm this view. This under-developed market has huge potential, but prospects will hinge upon maintaining political stability and economic growth .

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 196.3 1.2 15,220.1 96.0 77.6
2015 224.6 1.4 17,562.2 109.5 78.2
2016 255.6 1.6 20,359.1 125.5 79.7
2017 292.4 1.8 23,640.7 144.0 80.8
2018 335.3 2.0 27,516.0 165.8 82.1
2019 385.4 2.3 32,100.9 191.3 83.3

Latest Updates And Key Forecasts

  • We forecast the market to expand at a 2014-2019 CAGR of 14.5% in US dollar terms, ranging from 9.9% for other medical devices up to 18.6% for diagnostic imaging. The market is forecast to increase from USD196.3mn in 2014 to USD385.4mn in 2019. The slightly lower growth in US dollar values reflects a projected modest currency depreciation over the period.

  • We expect imports to register growth in H215 on the back of the relative strength of the taka and the restoration of some degree of stability after the political deadlock earlier in the year. Imports of medical devices increased by 6.1% y-o-y in the three months to August 2015 to reach USD49.0mn.

  • Although Bangladesh exports very little in the way of medical devices, we believe there are positive signs that a modest domestic industry is beginning to form. Growth has been recorded in every quarter since the start of 2014 and the latest available trade data reveal that over the three month period ended August 2015, exports increased by 96.9% y-o-y to USD3.3mn.

  • Cancer treatment remains hugely inadequate. The country only has nine government and six private centres offering specialised cancer treatment, when it should have at least 160 cancer treatment centres in order to meet WHO guidelines. The mortality rate from cancer could grow to 13% by 2030, warns the International Agency for Research on Cancer (IARC), representing almost a doubling in the rate since 2005.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates And Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
9
Medical Device Market Forecast
9
Latest Updates
9
Structural Trends
9
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
10
Consumables Market Forecast
15
Latest Updates
15
Structural Trends
15
Bandages & Dressings
15
Suturing Materials
15
Syringes, Needles & Catheters
16
Other Consumables
16
Table: Consumables Market, 2009-2019 (USDmn)
17
Table: Consumables Market, 2010-2019 (USDmn % Change)
18
Diagnostic Imaging Market Forecast
20
Latest Updates
20
Structural Trends
20
Electrodiagnostic Apparatus
20
Radiation Apparatus
20
Imaging Parts & Accessories
21
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
22
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
23
Dental Products Market Forecast
25
Latest Updates
25
Structural Trends
25
Capital Equipment
25
Instruments & Supplies
25
Table: Dental Products Market, 2009-2019 (USDmn)
26
Table: Dental Products Market, 2010-2019 (USDmn % Change)
26
Orthopaedic & Prosthetics Market Forecast
28
Latest Updates
28
Structural Trends
28
Fixation Devices
28
Artificial Joints
28
Other Artificial Body Parts
29
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
30
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
30
Patient Aids Market Forecast
32
Latest Updates
32
Structural Trends
32
Portable Aids
32
Therapeutic Appliances
32
Table: Patient Aids Market, 2009-2019 (USDmn)
33
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
33
Other Medical Devices Market Forecast
35
Latest Updates
35
Structural Trends
35
Table: Other Medical Devices Market, 2009-2019 (USDmn)
36
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
37
Annual Medical Device Imports
39
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
42
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
43
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
44
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
45
Table: Detailed Medical Device Import Trends By Product Area, 2014
49
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
52
Monthly Medical Device Imports
56
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
56
Annual Medical Device Exports
57
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
60
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
61
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
64
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Detailed Medical Device Export Trends By Product Area, 2014
68
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
71
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
74
Monthly Medical Device Exports
77
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
77
Industry Risk/Reward Index
78
Table: Asia Pacific Medical Device Risk/Reward Index, Q216
79
Market Overview
80
Medical Device Market Overview
80
Table: Medical Device Market, Key Ratios 2014
80
Table: Medical Device Market By Product Area, 2014
81
Healthcare Overview
82
Health Status
82
Healthcare System
82
Healthcare Funding
84
Healthcare Resources
85
Healthcare Activity
86
Healthcare Personnel
86
Key Healthcare Data
87
Table: Key Healthcare Data, 2010-2015
87
Industry Trends & Developments
89
Regulatory Development
94
Medical Device Regulations
94
Competitive Landscape
95
Domestic Medical Device Production
95
National Medical Device Manufacturers
96
Multinational Medical Device Manufacturers
97
Multinational Market Activity
98
Table: Multinational Market Activity, 2016
98
Medical Device Market Access
101
Distribution
101
Trade Show
102
Methodology
103
Forecast Methodology
103
Trade Code Classifications
104
Table: Rearranged HS Trade Codes
105
Risk/Reward Index Methodology
108
Table: Medical Devices Risk/Reward Index Indicators
109
Sources
111
Contact
112

The Bangladesh Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Bangladesh provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Bangladesh Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Bangladesh, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Bangladesh.
  • Target Business Opportunities in the Bangladesh Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Bangladesh.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.