Market Overview

Overall Imports (in USD million)

Category

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019 (b)

 Medical & Pharma

178.7

212.4

201.8

216.9

348.2

372.2

378.3

380.5

459.8

525.8

520.0

532.0

552.6

Sri Lanka Medical Imports

  • Nearly 80% of Sri Lanka’s medical and pharmaceutical requirements are imported
  • US$ 552.6 million worth medical and pharmaceutical imports 2019

Medical Devices

  • In 2019, Sri Lanka imported optical & medical instruments worth US$ 23 million from the US
  • Demand for medical devices in Sri Lanka was expected to grow to US$ 165 million at a growth rate of 9.5% in 2018.

Sri Lanka Hand Sanitizer Market

  • Huge demand for sanizers in public places like hospitals, offices and shopping centres
  • Demand is offset by steady rise in prices of key components and ingredients

Healthcare Spends

  • Private healthcare spending reached USD 1.9 bn in 2019. It is expected to rise to USD2.4 bn by 2024, showing a five-year CAGR of 10.4%
  • Non-communicable chronic diseases (NCD) like diabetes, cancer and cardiovascular diseases are rising. Limited supply of medicaons and medical specialists will see increased imports of required pharmaceucal medicines, diagnosc equipment and ancillary support supplies.

Sri Lanka: Healthcare Market Forecast (LKRbn)