How big is the pharmaceutical industry in Bangladesh?
In 2019, Bangladesh’s pharmaceutical market was valued at USD 3.1bn and is forecasted to grow by 7.6% in 2020 and reach $3.54 billion. This market is dominated primarily by generic drugs which account for 71.4% of the total sales.
How many pharmaceuticals are there in Bangladesh?
257 licensed pharmaceutical
According to Bangladesh Association of Pharmaceutical Industries (BAPI) and Directorate General of Drug Administration (DGDA), approximately 257 licensed pharmaceutical manufacturers are operating in Bangladesh and about 150 are functional1.
What is the current scenario of Bangladesh pharma industry?
The pharmaceutical market of Bangladesh is expected to surpass $6 billion by 2025 with an absolute growth of 114 per cent from its 2019 levels, according to a report from a Dublin-based market insight and analysis firm, Research and Markets.
Which city has highest pharmaceutical industry?
Hyderabad – The Pharma Hub of India It accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports and is considered as the ‘Bulk Drug Capital of India’.
What is the future of pharmacy in Bangladesh?
Bangladesh Pharmaceutical Market Future Opportunity Outlook 2025 Report Highlights: Bangladesh Pharmaceutical Market Opportunity: More Than US$ 6 Billion by 2025. Share Of Local Pharmaceutical Companies: >90% Share of Generics Drugs in Pharmaceutical Market: >75%
Which country has the highest export of medicine in Bangladesh?
At present, Sri Lanka is the number one destination for exported pharmaceutical products from Bangladesh.
Which is the best pharmaceutical company in Bangladesh?
Top 10 Pharmaceutical Companies in Bangladesh
- Square Pharmaceuticals.
- Incepta Pharmaceutical Ltd.
- Beximco Pharmaceuticals LTD.
- Opsonin Pharma Ltd.
- Reneta Limited.
- Eskayef Pharmaceuticals Ltd.
- ACME Laboratories Ltd.
- ACI Pharmaceuticals.
What is the future of pharmaceutical industry?
According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market is at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030.
Why is the pharmaceutical industry growing?
Imarc cites the following reasons for growth in the pharmerging market: The prevalence of chronic diseases and an increase in consumer awareness about treatment. Government actions aimed at lowering the cost of treating chronic diseases. Aging populations that face issues such as cardiac failure and hypertension.
Which public university is best for pharmacy in Bangladesh?
Top Public Universities in Bangladesh for Pharmacy
- University of Dhaka. Accreditation by PCB: Permanent.
- Jahangirnagar University. Accreditation by PCB: Permanent.
- Rajshahi University. Accreditation by PCB but duration is Expired.
- Khulna University.
- Noakhali Science and Technology University.
Which country has highest pharmaceutical industry?
The United States
The United States was the largest pharmaceutical market in 2020, generating roughly 46 percent of total revenues worldwide. China established itself as the second-largest market with a sales share of eight percent (altough the statistic shows the hospital market only for China).