A surgical instrument is a tool or device for performing specific actions or carrying out desired effects during a surgery or operation, such as modifying biological tissue, or to provide access for viewing it. Over time, many different kinds of surgical instruments and tools have been invented. Some surgical instruments are designed for general use in all sorts of surgeries, while others are designed for only certain specialties or specific procedures.
Bangladesh Investment Development Authority (BIDA) reveals that the current market size of medical device is estimated at around $442 million and it is flourishing at an annual growth rate of 13 per cent.
Despite having enormous potential for local manufacturing, the country’s surgical device market is heavily dependent on imports, insiders have said.
However, lack of skilled manpower, price competitiveness, high cost of raw materials and limited research & development are some of the key challenges for local manufacturers.
Sources said there are more than four thousand categories of medical devices including 400 types of high-end devices and surgical items used by caregivers such as syringe, infusion set, catheter, surgical mask, pulse oxymeter and glucometer. More than 2,600 medical devices are registered with the country’s regulatory body.
Almost 90 per cent of these required items need to be imported every year, said Md Jasim Uddin, a dealer and importer of medical equipment.
The bulk of surgical supplies are imported from the US, China, South Korea and Europe.
Bangladesh is getting a strong foothold in manufacturing surgical items including mask, gloves, PPE, syringe, gauze, bandage and infusion set, said Md Jasim.
The data available with the Bangladesh Investment Development Authority (BIDA) reveals that the current market size of surgical device is estimated at around $442 million and it is flourishing at an annual growth rate of 13 per cent.
According to the estimation of the Bangladesh Association for Medical Devices & Surgical Instruments Manufacturer and Exporter (BAMDSIME), there is an annual demand for medical devices worth Tk 200 billion which has been growing at around 20 per cent in recent years.
“The sector could become a crucial one for the country’s economy if provided with required support by the government,” said Mr Razzaq also general secretary of BAMDSIME.
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