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 Industry 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 medical device 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 1.8% y-o-y in the three months to June 2015 to reach USD44.6mn.

  • 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 June 2015, exports increased by 62.3% y-o-y to USD2.4mn.

  • The 7 th Five Year Plan, (2015-16 to 2019-20) has been announced, setting out targets for widening access to healthcare services and improving the country's key health indicators. Whilst access to healthcare should improve, we believe that the impact upon the medical device market will be limited.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
14
Medical Device Market Forecast
14
Table: Projected Medical Device Market, 2014-2019
14
Performance 2009-2014
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
16
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedic & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
50
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, November 2012-May 2015 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
71
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
74
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
75
Table: Detailed Medical Device Export Trends By Product Area, 2014
78
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
81
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
84
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, November 2012-April 2015 (USDmn)
87
Macroeconomic Forecasts
89
Economic Analysis
89
Industry Risk/Reward Index
94
Table: Asia Pacific Medical Device Risk/Reward Index, Q415
95
Market Overview
96
Medical Device Market Overview
96
Table: Medical Device Market, Key Ratios 2014
96
Table: Medical Device Market By Product Area, 2014
97
Healthcare Overview
98
Health Status
98
Healthcare System
99
Healthcare Funding
100
Healthcare Resources
100
Healthcare Activity
101
Healthcare Personnel
101
Key Healthcare Data
102
Table: Key Healthcare Data, 2009-2014
102
Industry Trends & Developments
104
Regulatory Development
110
Medical Device Regulations
110
Competitive Landscape
111
Domestic Medical Device Production
111
National Medical Device Manufacturers
111
Multinational Medical Device Manufacturers
113
Multinational Market Activity
113
Table: Multinational Market Activity, 2015
113
Medical Device Market Access
114
Distribution
114
Trade Show
115
Methodology
116
Forecast Methodology
116
Trade Code Classifications
117
Table: Rearranged HS Trade Codes
118
Risk/Reward Index Methodology
121
Table: Medical Devices Risk/Reward Index Indicators
122
Sources
124
Contact
125

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.