Dhaka, Thursday, 12 December 2019
Bangladesh pharmaceutical industry blooms bigger

Bangladesh pharmaceutical industry blooms bigger

Staff Correspondent:In 2018, the country's domestic pharmaceutical market size stood at Tk20,511.8 crore with 15.6% compound annual growth rate (CAGR) for the last five years. Once largely dependent on imports and multinational companies to meet the local demand, Bangladeshi pharmaceutical industry is growing very fast meeting 98% of domestic demand and posting a 27% growth in export earnings. In 2018, the country's domestic pharmaceutical market size stood at Tk20,511.8 crore with 15.6% compound annual growth rate (CAGR) for the last five years. On top of that, the sector is expected to grow at 15% year-on-year to reach $5.11 billion by 2023, propelled by high investment by local companies as they seek to grab ...