Sales of medical devices in Bangladesh could be as high as Tk 20,000 crore but local manufacturers can meet only 4 per cent of the annual demand while the rest is imported.
A medical device can be any instrument, apparatus, implement, machine, appliance, implant, reagent for in vitro use, software or material used for a medical purpose, according to the World Health Organisation. Today, there are an estimated 2 million different kinds of medical devices on the world market, categorised into more than 7,000 generic device groups, it added.
Over 30,000 types of devices are used in Bangladesh, according to industry insiders. In addition, the country has to import most of its high-tech medical devices such as x-ray films and nebulizers. The bulk of medical supplies are imported from the US, China, South Korea and Europe. Medical devices are very high-tech and require large investment. Companies that make devices also have their own research and development wings. But there is scope for medical supplies which is also a big market.
And we see investment coming in this area. Bangladesh needs to import almost all kinds of devices to meet the local demand as local companies manufacture very few items.
Korea have a large industry for Medical software and medical instruments. Partner companies and business firms looking for expansion or const optimization can explore the available opportunities that keep presenting with time. We can work jointly as part our initiative to support and enhance the cooperation on multiple areas of Medical software and medical instruments.
We welcome firms to send enquiries and explore with us on various options.
Technology and trade are binding the world together. Globalization over the last few decades has pulled many nations out of poverty. Industrialization has propelled few countries as international powerhouses.
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