Pharmaceutical sector of Bangladesh: prospects and challenges
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Date
2014Publisher
BRAC UniversityAuthor
Anesary, Md. Abdul WadudHossain, Md. Jamil
Mamun, Md. Razib Al
Salam, MGA
Rahman, Khandaker Saifur
Morshed, Mohammad Monjur
Rahman, Md. Mahfuzur
Akter, Surya
Md. Waheduzzaman
Kabir, Zobayer Mohsin
Hassan, Sharif
Laboni, Sanjana
Hossain, Md. Israfil
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The pharmaceutical industry is one of the most technologically advanced sectors currently in existence in Bangladesh. It has grown in the last two decades at a considerable rate. The skills and knowledge of the professionals and innovative ideas of the people involved in this industry are the key factors for these developments. About 300 pharmaceutical companies are operating at the moment. Only 3% of the drugs are imported, the remaining 97% come from local companies. Positive developments in the pharmaceutical sector have enabled Bangladesh to export medicine to global markets. By overcoming the underlying obstacles this sector can develop more and can be an effective exporting sector of Bangladesh.