Business Monitor International


Bangladesh Medical Devices Report

Published 10 July 2014

  • 137 pages
 
$1,295.00
Bangladesh Medical Devices Report

Espicom Industry View: Bangladesh represents a small medical d evice market of just under US$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 US1.0 9 per capita. The market is almost exclusively supplied by imports.

Headline Industry Forecasts

  • In 2013, the Bangladeshi medical device market was estimated at US$162.7mn, equal to just US$1.0 per capita. The market is projected to expand at a CAGR of 8.4%, which will advance it to a total value of US$243.6mn 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 US$156.0mn.

  • In the absence of any significant medical equipment industry, export totals tend to be very small. In 2013, exports were valued at US$3.7mn. Consequently, Bangladesh runs a negative balance of trade in medical devices - in excess of US$150mn in 2013.

  • Very little domestic manufacturing takes place in Bangladesh, and what does is almost entirely comprised of basic medical supplies.

Headline Industry Risk/Reward Rating

  • Bangladesh is one of the least attractive markets in the Asia Pacific (APAC) for commercialising a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). Despite an improvement from Q214, the country's overall score for Q314 of 36.5 out of 100, still ranks Bangladesh last out of the 16 key markets covered in the APAC region. The APAC average score for Q314 is 60.0, slightly up from 59.9 for Q214.

Headline Healthcare Overview

  • Bangladesh is the world's eighth most populous country and population density is also among the highest. Vital statistics are generally poor, but fast improving (e.g. infant mortality has fallen from 41.3 per thousand live births in 2008 to 31.3 in 2013...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Medical Device Market Forecast
13
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Consumables Market Forecast
19
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
20
Table: Consumables Market, 2008-2018 (US$mn)
20
Table: Consumables Market, 2009-2018 (US$mn % Change)
21
Diagnostic Imaging Market Forecast
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
24
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
25
Dental Products Market Forecast
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2008-2018 (US$mn)
27
Table: Dental Products Market, 2009-2019 (US$mn % Change)
27
Orthopaedic & Prosthetics Market Forecast
29
Fixation Devices
29
Artificial Joints
29
Other Artificial Body Parts
29
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
30
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
30
Patient Aids Market Forecast
31
Portable Aids
31
Therapeutic Appliances
31
Table: Patient Aids Market, 2008-2018 (US$mn)
32
Table: Patient Aids Market, 2009-2019 (US$mn % Change)
32
Other Medical Devices Market Forecast
33
Table: Other Medical Devices Market, 2008-2018 (US$mn)
34
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
35
Annual Medical Device Imports
36
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
40
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
41
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
42
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
43
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
44
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
45
Table: Detailed Medical Device Import Trends By Product Area, 2013
48
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
52
Monthly Medical Device Imports
55
Table: Monthly Medical Device Imports By Product Area, June 2011-December 2013 (US$mn)
55
Annual Medical Device Exports
57
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
61
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
62
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
63
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
65
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2013
69
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
72
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
75
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, June 2011-December 2013 (US$mn)
79
Macroeconomic Forecasts
81
Economic Analysis
81
Investors To Return Amid Renewed Political Stability
82
Resilient Garment Sector To Support Recovery
82
Growth Challenges Remain
82
Table: Economic Activity (Bangladesh 2009-2018)
84
Industry Risk Reward Ratings
85
Table: Asia Pacific Medical Device Risk/Reward Ratings, Q314
86
Market Overview
87
Medical Device Market Overview
87
Table: Medical Device Market, Key Ratios 2013
87
Table: Medical Device Market By Product Area, 2013
88
Healthcare Overview
89
Health Status
89
Healthcare System
89
Healthcare Funding
90
Healthcare Resources
91
Healthcare Activity
91
Healthcare Personnel
91
Key Healthcare Data
91
Table: Key Healthcare Data, 2008-2013
91
Industry Trends & Developments
94
Regulatory Development
96
Medical Device Regulations
96
Competitive Landscape
97
Domestic Medical Device Production
97
National Medical Device Manufacturers
97
Multinational Medical Device Manufacturers
98
Multinational Market Activity
98
Table: Multinational Market Activity, 2014
98
Medical Device Market Access
99
Distribution
99
Trade Show
100
Methodology
101
Medical Device Market Methodology
101
Trade Code Classifications
102
Table: Used HS Trade Codes, 2014
102
Table: Rearranged HS Trade Codes, 2014
104
Risk/Reward Ratings Methodology
107
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
108
Sources
109
Contact
110

The Bangladesh Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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