New Medical Devices research report from Espicom Business Intelligence is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 09/17/2013 -- 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.
View Full Report Details and Table of Contents
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.
Asian Medical Device Market
The Medical Device Market Australia
The Medical Device Market China
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Medical Devices research reports at Fast Market Research
You may also be interested in these related reports:
- Precision Medical Devices, Inc. - Product Pipeline Analysis
- Varian Medical Systems, Inc. (VAR) - Product Pipeline Analysis, 2013 Update
- SafeStitch Medical, Inc. (SFES) - Product Pipeline Analysis
- Aethlon Medical, Inc. (AEMD) - Product Pipeline Analysis
- BRICS Medical Device Market Reports
- Latin America Medical Device Market Reports
- MediFocus: Medical Devices for the Treatment of Obesity
- Western Europe Medical Device Market Reports
- Beijing Dehaier Medical Technology Co., Ltd. - Product Pipeline Analysis.
- Medical Device Market in Norway - Market Size, Forecasts and Market Players