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South Asia Medical Device Market Reports

  • January 2014
  • -
  • Espicom Business Intelligence

Highlights from the Region

Bangladesh has virtually no domestic manufacturing industry and only produces a negligible number of low-tech medical items Almost all medical goods have to be imported
In 2012, the Bangladeshi medical device market was estimated at US$148 5 million, equal to just US$0 9 per capita The per capita spending rate is one of the lowest in the world, similar to Indonesia
After a sharp rise in 2010, Bangladesh’s medical imports increased by just 1 1% to US$129 1 million in 2011 Data up to September 2012 however, reveals a decrease in imports over the previous 12 months, with a fall of 9 1% to US$109 5 million over the period

Future increased demand for medical equipment and supplies will come mainly from private sector hospitals and medical centres
Government proposals to boost health insurance cover from 25% to 75% by 2017 will be hampered by a lack of healthcare infrastructure in India Given the lack of healthcare infrastructure, the government’s plans mark an opportunity for private investors, and manufacturers of medical devices, as new facilities are constructed and existing ones are upgraded
Detailed regulation of medical devices is still under consideration In October 2005, a number of in vivo medical devices were added to the Drugs and Cosmetics Act, bringing them into regulatory control New guidelines for sterile medical devices came into force on 1st March 2006 In March 2009, clarification was published, which provided a list of additional sterile medical devices to be included under the provisions of the Drugs and Cosmetics Act and Rules In October 2012, the government was working on the revision of rules in recognition of the need to consider medical devices as a separate category The new regulations will be published as the Drugs, Cosmetics and Medical Device bill

The healthcare sector is poorly funded by the government and the private sector is only affordable to a small minority of the population Total spending on healthcare is equal to around 2 0% of GDP, which is considered low by world standards With the Ministry of Health dismantled in 2011, responsibility for healthcare was devolved to provincial governments meaning there are regional disparities in the quality of care
Hospital and health centre facilities are rudimentary and poorly equipped in the majority of cases Medical equipment are often imported, second-hand, from developed countries and operated by untrained personnel, limiting their effective use The primary sector is underused and per capita medical personnel levels are low
Surgical instruments make up the bulk of a limited domestic manufacturing sector This takes place in facilities in the Punjab region of Sialkot and equipment is of a high standard, although the majority is destined for export overseas
The medical device market is heavily supplied by imports, which account for over two-thirds of the market Imports have grown very strongly in recent years, rising by 19 4% in 2011, and by 9 7% in CAGR terms between 2007 and 2011 The actual figure may be higher, as many items of second-hand equipment are imported as scrap, only to be reassembled and sold as new or nearly new devices

These Quarterly Updated Reports Analyse the Issues

South Asia Medical Device Market Reports are published by Espicom Each report provides an individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access The reports are available individually or as a discounted collection, and the price includes 4 completely updated reports sent quarterly and details of local medical equipment distributors

Table Of Contents

South Asia Medical Device Market Reports
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