SWOT Bangladesh

PHARMACEUTICAL INDUSTRY IN BANGLADESH

SWOT-2007


Strengths
Weaknesses
îî More than 240 Manufacturing Industries in Bangladesh including some world class manufacturing industries that are providing 97% of the total medicine requirement of the local market.
îî 80% Raw Materials are imported; Most of them are from India & China. Some are from others countries like- Spain, Germany, South Korea, French, Thailand, USA, UK, Portugal etc.
îî Local Market Size is Tk- 5000 crores in which Top 10 Contributors are -
Square (615.35 crores), Beximco (390.05 crores), Incepta (262.06crores) Acme (191.95 crores), Skyef (165.74crores), Drug International (158.80crores), Renata (137.62crores), Opsonin (135.48 crores), Sanofi-Aventis (130.66 crores) & Aristopharma (128.14 crores)
îî Only 20% Raw Materials are manufactured by the Local Companies, like-
Square, Beximco, Skyef, Drug International, Opsonin, & Gonoshastha Pharmaceuticals.
îî Day by day increasing export of Finished Goods & some raw materials. Last Fiscal year export revenue was $14.24 million & Exporting countries were 70.
îî Local Market Size is Tk- 5000 crores in which Multinational Companies enjoy about 13% market share, like- Sanofi-Aventis, Novartis etc.
îî Some renowned Companies achieved UK MHRA & EU Certificates and Some are practicing USFDA, UK MHRA, EU & TGA Australia to achieve respective Certificates.
îî Lack of –
Þ Hi tech Quality control Laboratory
Þ Establishment of API Park by the Govt.
Þ Necessary action for Process Loss of API
by the Govt.
îî Bangladesh Govt. declare this Sector as “Thirst Sector” for 2006-2009 & EPZ declares as the “Export Product of the year 2007”

Opportunities
Threats
îî Bangladesh Embassy is helping this sector to explore market size in the different countries of the World including USA, Middle East & other European Countries.
îî Price Hike of Raw materials.
îî Recently few new industries have been established with hi tech equipments and professionals
îî Patent Law, which is valid up to 2016 for Least Developed Countries like Bangladesh.