According to Bangladesh Investment Development Authority (BIDA), the medical equipment and devices sector in Bangladesh currently hold a market size of USD 442 million. It is experiencing a Compound Annual Growth Rate (CAGR) of 13%, and it is projected to expand to USD 820 million by the year 2025.
Between fiscal years 2016 and 2019, Bangladesh’s medical sector saw remarkable annual growth of 14.6%, making it the fastest-growing sector globally during that period.
In Bangladesh, over 4,000 different types of medical devices and equipment are utilized, and approximately 5–7% of them are produced locally within the country.
Over the last five years, the import of medical equipment and devices in Bangladesh has seen a Compound Annual Growth Rate (CAGR) of 10.2%, indicating a substantial increase in the import of such healthcare products.
