Pharmaceutical Industry of Bangladesh : Progress and Prospects

Abstract

Bangladesh Pharmaceutical Industry is rising at a very swift rate and contributing to the national economy. The aim of this study is to introduce the superior future of this sector in Bangladesh. It is known as the fastest growing industry in the world. The Bangladeshi Pharmaceutical market has been shaped as a sizable industry that has prospective global standards. This industry has anticipated exporting its products to foreign market with bigger success. This study has been tried to identify the critical success factors with projection of the market growth with particular reasons. The major companies created a great impact that the economy is not being import dependent country anymore with 97% dominance by local firms. This study has also tried to find out the recent development toward the industry such as TRIPS facility, API Park and others. It has also identified the export trend till 2015.