Bangladesh Medical Devices Report

Published 14 May 2015

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Bangladesh Medical Devices Report

BMI Industry View: Bangladesh represents a small medical d evice market of just under USD 163 mn, similar in size to Latvia or Serbia. Market size is where the similarity ends , however, as Bangladeshi per capita spending is one of the world's worst, at just USD 1 per capita. The market is almost exclusively supplied by imports.

Headline Industry Forecasts

  • In 2013, the Bangladeshi medical device market was estimated at USD162.7mn, equal to just USD1.0 per capita. The market is projected to expand at a CAGR of 8.4%, which will advance it to a total value of USD243.6mn by 2018.

  • Bangladeshi medical device imports have shown wild fluctuations in recent years; with growth in US dollar terms ranging from a high of 79.5% in 2005 to a low of -10.6% in 2007. In 2013, imports increased by 25.4% to reach a record high USD156.0mn. The running annual import total reached USD176.9mn in the 12 months to December 2014, representing a y-o-y increase of 14.4%.

  • In the absence of any significant medical equipment industry, export totals tend to be very small. In 2013, exports were valued at USD3.7mn. Consequently, Bangladesh runs a negative balance of trade in medical devices - in excess of USD150mn in 2013. The running annual export total amounted to USD5.6mn in the 12 months to December 2014, representing y-o-y growth of 51.6%.

  • Very little domestic manufacturing takes place in Bangladesh, and what does is almost entirely comprised of basic medical supplies. 104 people were employed in eight establishments involved in the manufacture of medical and dental instruments & supplies in Bangladesh in 2012. Gross output by the eight establishments totalled BDT215.6mn (USD2.6mn).

Headline Industry Risk/Reward Index

  • Bangladesh is one of the least attractive markets in the Asia Pacific for commercialising a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). Its score for Q315 of 36.9 out of 100 marked a fall from 38.1 in Q215 and confirms...

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
22
Table: Consumables Market, 2008-2018 (USDmn)
22
Table: Consumables Market, 2009-2018 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
26
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
27
Dental Products Market Forecast
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (USDmn)
29
Table: Dental Products Market, 2009-2019 (USDmn % Change)
30
Orthopaedic & Prosthetics Market Forecast
31
Fixation Devices
31
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
32
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
33
Patient Aids Market Forecast
34
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2008-2018 (USDmn)
35
Table: Patient Aids Market, 2009-2019 (USDmn % Change)
35
Other Medical Devices Market Forecast
36
Table: Other Medical Devices Market, 2008-2018 (USDmn)
38
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
39
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
47
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2013
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, June 2012-December 2014 (USDmn)
59
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
77
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, June 2012-December 2014 (USDmn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Table: Economic Activity (Bangladesh 2010-2019)
88
Industry Risk/Reward Index
89
Table: Asia Pacific Medical Device Risk/Reward Index, Q315
90
Market Overview
91
Medical Device Market Overview
91
Table: Medical Device Market, Key Ratios 2013
91
Table: Medical Device Market By Product Area, 2013
92
Healthcare Overview
93
Health Status
93
Healthcare System
94
Healthcare Funding
95
Healthcare Resources
95
Healthcare Activity
96
Healthcare Personnel
96
Key Healthcare Data
97
Table: Key Healthcare Data, 2009-2014
97
Industry Trends & Developments
99
Regulatory Development
105
Medical Device Regulations
105
Competitive Landscape
106
Domestic Medical Device Production
106
National Medical Device Manufacturers
106
Multinational Medical Device Manufacturers
108
Multinational Market Activity
108
Table: Multinational Market Activity, 2015
108
Medical Device Market Access
109
Distribution
109
Trade Show
110
Methodology
111
Forecast Methodology
111
Trade Code Classifications
112
Table: Used HS Trade Codes
112
Table: Rearranged HS Trade Codes
114
Risk/Reward Index Methodology
117
Table: Medical Devices Risk/Reward Index Indicators
118
Sources
120
Contact
121

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.

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