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Medical Device
Building a Future-Ready Medtech Industry
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annual market demand, growing at 20% per year
local market for syringes, gloves, catheters
projected medical device market size by 2030
cagr in healthcare spending since 2010
Bangladesh’s medical device sector is poised for sustained growth, with the market projected to nearly double from USD 442 million in 2020 to USD 820 million by 2025. This momentum is underpinned by demographic trends—particularly an aging population and the rising prevalence of non-communicable diseases—as well as an expanding network of healthcare facilities.
While over 85% of medical equipment is currently imported, the policy landscape is evolving. Bangladesh is taking deliberate steps to strengthen domestic manufacturing capabilities, offering fiscal incentives and leveraging cost advantages in labor and precision assembly. With transferable expertise from the ready-made garments (RMG) sector and a maturing healthcare ecosystem, the country is increasingly positioned to serve as a competitive base for regional medical device production. Priority segments include diagnostic imaging, home healthcare solutions, wearable devices, and low-cost innovations tailored to rural markets.
Growth Drivers
Medtech and Digital Health Surge
The medtech and digital health segment is poised for strong growth by 2025, driven by rising demand for telemedicine, wearable technologies, and point-of-care diagnostics.
Expanding Healthcare Ecosystem
Bangladesh has over 5,000 public and private hospitals, with healthcare spending expected to reach USD 14 billion by 2025. Infrastructure upgrades and rural healthcare expansion are driving device adoption.
Manufacturing Advantage from RMG
Bangladesh’s RMG sector provides a transferable skill base for cleanroom and precision manufacturing—paving the way for scalable, cost-effective device assembly.
Rising Demand for Devices
The growing burden of non-communicable diseases (NCDs)—diabetes, cardiovascular issues, and cancer—is fueling strong demand for diagnostic tools and medical equipment. Diabetes cases alone are projected to reach 43 million by 2030.
KEY PLAYERS
- 10-year corporate tax exemption for hospitals outside Dhaka, Narayanganj, Gazipur, and Chattogram.
- 10-year corporate tax exemption for healthcare training institutes (nursing, pharmacy, etc.).
- 50% tax exemption on export income.
- No VAT on exports.
- 10% cash incentive on export value.
- Reduced import duties on raw materials for medical equipment.
- Full duty waivers on PPE, face masks, and sanitizers (COVID-19 response).
- Bangladesh Digital Health Strategy 2023–2027.
- National Health Policy 2011.
- Health Care Financing Strategy (HCFC).
- Directorate General of Drug Administration (DGDA)
- Bangladesh Standards and Testing Institution (BSTI)
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