The pharmaceutical industry in Bangladesh is one of the most developed technology sectors within the country. Manufacturers produce insulin, hormones, and cancer drugs. This sector provides 97% of the total medicinal requirement of the local market. The local market size of pharma is expected to surpass US$ billion by 2025. The industry also exports medicines to global markets, including Europe. Pharmaceutical companies are expanding their business with the aim to expand the export market.
There are 5 types of medicine manufacturing companies in Bangladesh.
The industry continues its strong research orientation in generic formulation development and has already proven its skills with successful development of specialized, high-tech formulations which are very difficult to imitate. Leading companies have focused on specialized dosage delivery systems to create strong differentiation and successfully developed metered dose inhaler (MDI), dry powder inhaler (DPI), lyophilized injectables, sterile ophthalmic, prefilled syringes, oral thin films, multi-layer tablets, biological products, including insulin, vaccines etc.
|FY Year||Export Performance|
Top 10 Pharmaceuticals Exporting Destination in FY2020-2021
|Rank||RaName of the Export Destinationnk||FY 2020-21|
|1||MM: Myanmar||22.24 M|
|2||LK: Sri Lanka||20.56 M|
|3||US: United States||14.98 M|
|4||PH: Philippines||13.76 M|
|5||KE: Kenya||9.39 M|
|6||AF: Afghanistan||7.63 M|
|7||CO: Cambodia||6.90 M|
|8||NP: Nepal||5.51 M|
|9||VE: Venezuela||5.49 M|
|10||VN: Vietnam||5.05 M|