Medistat - Espicom

Medistat Worldwide Medical Market Forecasts To 2016
BANGLADESH Bangladesh remains one of the poorest countries in the world. Poverty is widespread throughout the
country and GDP is extremely low, despite it being the eighth most populous 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. 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.
Global Market
Value Rank
Per Capita
Value Rank
64
66
National CAGR 5.5
Regional CAGR 5.6
% of Market
Imported
Bangladesh: Basic data
88.4
Patient aids
12.9%
Others
23.3%
Orthopaedic &
prosthetic
17.4%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
© Espicom Business Intelligence, June 2011 143
CAGR
2011-16
Population (millions) 157.8 160.0 162.2 164.5 166.8 169.1 171.5 173.9 176.3 179.3 1.5
% Aged 65+ 4.5 4.6 4.6 4.6 4.7 4.7 4.7 4.8 4.5 4.6 0.7
GDP (US$ billions) 68.5 79.6 89.4 99.8 109.9 120.9 134.5 148.3 165.5 180.7 10.5
GDP Per Capita (US$) 434.3 497.2 550.9 606.4 658.8 715.0 784.3 853.0 938.9 1,007.6 8.9
Bangladesh: Medical Device Market By Category, 2007-16 (US$ millions)
Consumables
19.2%
Dental products
8.4%
Diagnostic imaging
18.9%
Market Breakdown
2011
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
CAGR
2011-16
Consumables 21.2 22.5 28.5 30.4 31.9 33.7 35.5 37.9 40.3 42.1 5.7
Woundcare 5.2 5.9 4.4 4.8 5.1 5.5 5.8 6.3 6.8 7.2 7.2
Syringes, needles & catheters 14.5 15.0 21.7 23.0 23.9 25.0 26.1 27.6 29.1 30.0 4.7
Others 1.4 1.6 2.4 2.7 2.9 3.2 3.6 4.0 4.4 4.9 10.7
Diagnostic imaging 19.0 38.8 33.5 34.6 35.0 35.8 36.4 37.5 38.4 38.7 2.0
Electrodiagnostic apparatus 7.8 15.7 16.4 16.9 17.2 17.6 17.9 18.5 19.0 19.2 2.2
X-ray apparatus 5.7 14.2 10.7 11.0 11.0 11.2 11.3 11.6 11.8 11.8 1.3
Imaging parts & accessories 5.5 8.9 6.4 6.7 6.8 7.0 7.2 7.4 7.7 7.8 2.7
Dental products 1.0 1.4 1.2 1.4 1.6 1.8 2.0 2.4 2.7 3.1 14.4
Drills, chairs and X-ray 0.1 0.2 0.2 0.2 0.3 0.3 0.4 0.5 0.6 0.7 18.9
Instruments & supplies 1.0 1.1 1.0 1.1 1.3 1.5 1.6 1.9 2.1 2.4 13.3
Orthopaedic & prosthetic 3.2 5.5 6.4 7.5 8.6 9.9 11.5 13.6 15.9 18.5 16.7
Splints & other fracture appliances 1.0 2.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.8 5.9
Artificial joints 0.5 1.4 1.7 1.8 2.0 2.1 2.3 2.5 2.7 2.8 7.6
Other artificial body parts 1.7 2.1 3.5 4.3 5.2 6.3 7.7 9.4 11.5 13.8 21.6
Patient Aids 4.5 8.2 8.2 9.2 10.1 11.2 12.4 14.0 15.6 17.1 11.0
Portable aids 1.3 4.6 2.9 3.3 3.6 4.1 4.5 5.1 5.7 6.3 11.9
Therapeutic appliances 3.2 3.7 5.3 5.9 6.5 7.2 7.9 8.8 9.8 10.7 10.5
Others 28.7 37.3 26.8 27.6 28.0 28.6 29.1 30.0 30.7 31.0 2.0
Total 77.6 113.6 104.6 110.7 115.2 121.1 127.0 135.3 143.7 150.4 5.5