Pharmaceuticals

Bangladesh's pharmaceutical business has grown at a compound annual growth rate (CAGR) of 15.6 percent during the last five years. Bangladesh's pharmaceutical market was worth $2.42 billion in 2018, and it was worth $3 billion in 2019. According to ResearchAndMarkets, by 2025, the pharmaceutical market will have grown by 114% and will be worth over $6 billion. Furthermore, during the 2019-20 fiscal year, Bangladesh was able to make 136 million dollars by selling medications to 147 nations around the world.

Bangladesh's pharmaceutical sector is currently vying for a share of the global market of roughly 10%. Six of the country's organizations have already received clearance from important regulatory agencies such as the World Health Organization (WHO), the World Trade Organization (WTO), and the World Intellectual Property Organization (WIPO)."