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The medical item industry is currently at a nascent stage with 85 percent of items being imported. The size of Bangladesh market was estimated to be valued at USD 442 million in June 2020 and is expected to reach approximately USD 820 million in 2025, growing at a CAGR of 13%.
According to USAID research, however, Bangladesh remains largely dependent on import for almost 85% of the demands of medical equipment in terms of value with import amounting to over USD 400 million in FY 2019-20.
The top event organizer in Bangladesh Eco Expo believes that, the market currently is dominated by the instruments/ appliances segment and diagnostic imaging equipment in terms of value, which are expected to grow steadily. There are many other items rehabilitation items, that Bangladesh imports from different countries.
Rehabilitation items such as herbal tea, endotracheal tube, closed inspiratory tube, ventilator circuit, respiratory filter, blood ketone, blood glucose, blood uric acid analyzer, piezoelectric automizer, otolaryngology, dental medical equipment, wheelchair, health mattress, special slitting machine for medical consumables, pharmaceutical packaging machinery, in fusion workstation, medical isolation eye mask and other eye and face protective articles, pearl powder, etc. According to the best event organizer Eco Expo, these items are also necessary as medical related item.
There is a wide market for medical related rehabilitation items. Because these items are of immense importance in the medical system. These are essential products in the medical field. Since Bangladesh imports 85 percent of medical related products from abroad, the best event organizer in Bangladesh Eco Expo believes that, Bangladesh is a lucrative market for the outside world in this sector.
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