Why Bangladesh

According to Lightcastle Partners Bangladesh Business Condence Index, Healthcare is touted as one of the most promising sectors and healthcare spending is expected to grow to USD 11.1bn by 2024 from USD7.4bn in 2019.

Healthcare sector was given the highest priority owing to the current pandemic situation and post pandemic times with 23.44% additional allocation (as compared to last fiscal year) and incentives were announced by the Bangladesh government.

Bangladesh’s medical devices and equipments market is expected to achieve one of the fastest growth rates in the world in the next 5 years. The size of Bangladesh’s medical device market in 2020 was TK 200 billion.

The medical equipment industry in Bangladesh is highly importoriented. 85% of the medical supplies are imported from the USA, India, China, South Korea and the European countries.