International competitiveness of Bangladeshi Pharmaceutical Industry

Abstract

The study was done with 25 individuals from 10 different pharmaceutical companies holding more that 55% share of Bangladeshi pharmaceutical market to identify and evaluate some selected factors that promote and hinder the international competitiveness of Bangladeshi Pharmaceutical industry. Moreover, the apparent competitiveness of the participants’ companies were also evaluated based on some potential factors. The development of Bangladeshi Pharmaceutical Industry started from 1980’s and significant improvement has been seen during this journey. The journey of becoming an exporter from a 100% importing history in pharmaceuticals was not so easy. This study provides the importance of different factors that are currently helping, hindering Bangladesh to shine in the international market. The overall result and discussion provides idea about the competitiveness of Bangladeshi Pharmaceutical Industry in international market which concludes with a statement that is Bangladesh is currently a participator in international market, however, if the factors hindering the international competitiveness can be managed, Bangladesh will become a strong competitor in international market.