Recently, Bangladesh has made a
tremendous expansion in the world's medicine market. The developed world never
gave medicine to warped Bangladesh after 1971 once, but now drugs from
Bangladesh is exporting to around 160 countries in the world after meeting its own
demand which is around 98 percent. Now, like the RMG industry, the medicine
industry of Bangladesh is being wiped out in Europe and America market.
During the post-independence period,
we have seen the frustrating situation of the country in every sector including
medicine. Capsule cells and ingredients powder was imported separately from and
after filling up, it was sold inside the country. That time the situation was
really dangerous. The capsules were made in the house and people took these
drugs.
From that situation, now the medicines
of Bangladesh have been elevated to such a stage that drugs and medicines made
in Bangladesh are exporting to different countries around the world. At present
in 48 countries of the world, Bangladesh is leading in the pharmaceutical products.
Currently, 24,000 brand drugs are being produced in 257 Pharmaceuticals companies
in Bangladesh.
These factories are manufacturing medicines
and raw materials worth of more than BDT 25,000 Crore per year. There are about
two Lac people are working in this industry. The Active Pharmaceutical
Ingredients (API) Industrial Park will be launched in next year to make this
advancement faster. To establish an environmentally suitable Industrial Park for
Active Pharmaceutical Ingredients, the project is being implemented on 200
acres of land beside Dhaka – Chittagong National Highway (N1) in Baushia,
Gajaria, Munshigonj.
There will be 42 number of plots in
which Pharmaceutical Ingredients Manufacturing Industrial units will be set up.
About 25,000 people will get employment opportunities in the project. All
infrastructural facilities including Common Effluent Treatment Plant (CETP) and
waste Dumping Yard will be available in this zone.
According to the Export Promotion
Bureau (EPB) statistics, presently 46 companies exporting 300 types of
medicines and to the world market. Now Bangladesh is dreaming of earning
billions of dollars foreign remittance from the world medicine market.
The doors of new possibilities have been
opened in the pharmaceutical industry. Medicines discount for Least Development
Countries (LDC) increased for more 17 years. Bangladesh's Medicine Industry has
got a merit discount till 2033. However, the present world market of medicine is
around of 1000 billion US dollars. IQVIA, a multinational company based in United
States is doing health-related information technology and clinical research.
They conducted a survey on 204 approved pharmaceutical company’s drugs and their
sells.
According to the survey of IQVIA, in
2018 the size of the drug market of Bangladesh has increased to BDT 20,512 Crore.
From 2014 to 2018, the market's annual growth was 16.15 percent. The country's
drug market is growing at an annual rate of 16.50 percent which is really
amazing. The size of this market has crossed BDT 20,000 Crore in 2018, and 68
percent of this market is controlling by top 10 medicine companies. Most
selling drugs on the market are antibiotics. Antibiotics are among the
highest-selling medicines.
According to the Department of Drug
Administration, in the last few years the export of medicines from the country has
increased significantly. In 2011, the export was only BDT 426 crore. In the
financial year 2017-18, export earnings were around US$ 10.44 Crore which is
16.03 percent more than the previous year. In 1982, the size of medicine
industry in Bangladesh was BDT 170 crores only. In 2016, only the drug market
in Bangladesh was BDT 15,600 Crores.
According to BSCIC, the work of
setting up the country's first drug industry Park Activated Pharmaceutical
Engineering (API) will be ending in 2020. This will meet the 100% demand of the
country’s medicines. The country's first API Industrial Park is being
established in Gazaria upazila of Munshiganj district, which is situated near
the Meghna River and between the roadway of the Daudkandi and Meghna Bridge.
In order to achieve self-sufficiency
in the production of raw material for the pharmaceutical industry, the
government has taken initiative to establish this industrial park in 2008. To
establish a factory here, 27 companies have been allocated from the Pharmaceuticals
Industry Owners Association. The price of land per acre has been fixed at BDT one
crore. Most of the owners have already paid a portion of the price of the plot
allocated.
The country's pharmaceuticals
industries will be able to start work in this zone within next two years.
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its very informative article . thank's for sharing
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