Pharmaceutical companies in Bangladesh make insulin, hormones, and cancer drugs. This sector covers 97% of the total pharmaceutical needs of the local market.
The industry also exports drugs to global markets, including Europe. Pharmaceutical companies in Bangladesh are expanding their businesses with the aim of expanding the export market.
Furthermore, the pharmaceutical industry in Bangladesh is one of the most developed technology sectors in the country.
Top drug manufacturers in Bangladesh
There are 5 types of drug manufacturers in Bangladesh;
- Allopathic Drug Manufacturer
- Ayurvedic Drug Manufacturer
- Unani Drug Manufacturer
- Herbal Drug Manufacturer
- Drug Manufacturer Homeopathic and Biochemical Drug Manufacturer
Regulations of the Pharmaceutical Market in Bangladesh
The Bangladesh Association of Pharmaceutical Industries (BAPI) is the umbrella organization representing pharmaceutical companies in Bangladesh.
Since its inception in 1972, BAPI has played a key role in developing the pharmaceutical sector in the country to promote access to affordable medicines.
The association promotes the understanding of good manufacturing practice (GMP) and the correct implementation to ensure the quality of medicinal products for industry and regulatory authorities.
Role of BAPI
- Since its inception in 1972, BAPI has played a key role in developing the pharmaceutical sector in the country to promote access to affordable medicines.
- Working closely with industry and regulators, the association promotes the understanding of Good Manufacturing Practices (GMPs) and their correct implementation to ensure the quality of medicines.
- It actively negotiates with the government and other relevant agencies to protect the interests of the industry, ultimately for the benefit of ordinary people.
- BAPI organizes awareness programs, workshops, and seminars on evolving regulation and compliance issues, counterfeit and adulterated medicines, the role of generic drugs in healthcare, technological advances in the industry, the global pharmaceutical landscape, and various other topics.
- It also organizes roadshows and exhibitions and participates in international events and exchange programs to promote our pharmaceutical industry in the world market.
Bangladesh is emerging as a generic drug hub in the region, now ideally positioned to meet the contract manufacturing needs of global multinationals through its generic drug competitiveness. BAPI has played a leading role in taking Bangladesh’s pharmaceutical industry out into the world, for the greater benefit of people on every continent, by promoting access to affordable generic medicines.
Pharmaceutical Companies in Bangladesh
Here is a list of some of the pharmaceutical companies operating in Bangladesh:
- AFC AGRO BIOTECH LTD.
Address: 214/D, Gulshan-Tejgaon Link Road, Navana Osman Dhaka, 1208 Bangladesh
Phone: +880-8802957200
Website: click here
Revenue: $5.33 million
Sales Growth: -18.26%
- AMBEE PHARMACEUTICALS LIMITED
Address: 184/1, Tejgaon Industrial Area Dhaka, 1208 Bangladesh
Phone: +880-28870788
Website: visit
Year Started: 1978 Incorporated: 1978
- AMIN MANUFACTURING CO. LTD.
Address: Henolux Center 3/1, Purana Paltan Dhaka, 1000 Bangladesh
Phone: +880-7701121
Employee: 49
- APEX PHARMA LTD
Address: House -06, Block – SE (D) Road 137 Dhaka, Dhaka, 1212 Bangladesh
Phone: +880-29863026
Website: click here
Year Started: 1988 Incorporated: 1988
- ARISTOPHARMA LTD.
Address: Plot No 16,17,19,20,21 & 22 Road No 11 & 12, Shampur – Kadamtali I/A Dhaka, Dhaka, 1204 Bangladesh
Phone: +880-29351691
Year Started: 1986 Incorporated: 1986
- BEST HOLDINGS LIMITED
Address: 49, Kazi Benzir Sarani Nikunja-2 Khilkhet Dhaka, Dhaka, 1229 Bangladesh
Phone: +880-28900095
Website: visit
Year Started: 2006 Incorporated: 2006
- BEXIMCO PHARMACEUTICALS LIMITED
Address: 19 Dhanmondi Residencial Area Road No. 7 Dhaka, Dhaka, 1205 Bangladesh
Phone: +880-258611001
Website: visit here
Revenue: $346.99 million
Year Started: 1976 Incorporated: 1976
- BIL CONSORTIUM LIMITED
Address: 02nd Floor 146/2 255/5, Shantibagh Dhaka, 1217 Bangladesh
Phone: +880-29358444
Year Started: 1998 Incorporated: 1998
- CENTRAL PHARMACEUTICALS LIMITED
Address: 2nd Floor 2-A/1, South-West Darus Salam Road Dhaka, 1216 Bangladesh
Phone: +880-258056079
Year Started: 1975 Incorporated: 1975
- DEW INTERNATIONAL LIMITED
Address: House No. 22 Road No. 8 Dhaka, 1229 Bangladesh
Phone: +880-1819284154
Website: click here
Year Started: 2017 Incorporated: 2017
- DRUG INTERNATIONAL LIMITED
Address: Khwaja Enayetpuri (R) Tower 17, Bir Uttam K.M. Shafiullah Road (Green Road) Dhaka, Dhaka, 1205 Bangladesh
Phone: +880-29662611
Website: click here
Year Started: 1974 Incorporated: 1974
- EDRUC LIMITED
Address: Hossain Tower 6th Floor 116, Box Culvert Road Dhaka, Dhaka, 1000 Bangladesh
Phone: +880-1711541804
Website: click here
Year Started: 1948 Incorporated: 1948
- EON PHARMACEUTICALS LTD.
Address: 304, Tejgaon Industrial Area Dhaka, Dhaka, 1208 Bangladesh
Phone: +880-29830915
Website: visit here
Year Started: 2000
Incorporated: 2000
- ESSENTIAL DRUGS CO. LTD.
Address: 395-397, Tejgaon Industrial Area Dhaka, Dhaka, 1208 Bangladesh See other locations
Phone: +880-29130489
Website: click here
Year Started: 1962 Incorporated: 1983
- GENTRY CORPORATION LIMITED
Address: 82 Lake Drive Road, Sector 7, Uttara Dhaka, 1230 Bangladesh
Phone: +880-28931056
Year Started: 2012
Incorporated: 1984
- GLOBE PHARMACEUTICALS GROUP OF COMPANIES LTD.
Address: Plot No. 3/KA (New) Tejgaon I/A Dhaka, Dhaka, 1208 Bangladesh
Phone: +880-28879300
Year Started: 1991
Incorporated: 1991
- INCEPTA PHARMACEUTICALS LIMITED
Address: 40, Shahid Tajuddin Ahmed Sarani Tejgaon Industrial Area Dhaka, Dhaka, 1208 Bangladesh
Phone: +880-28891688
Website: visit
Year Started: 1999 Incorporated: 1999
- GLOBEX PHARMACEUTICALS LTD.
Address: 26 / 2 Principal Abul Kashem Road (Former Darussalam Road), Mirpur – 1 Dhaka, Dhaka, 1216 Bangladesh
Phone: +880-28031378
Year Started: 2009 Incorporated: 2009
- JAYSON PHARMACEUTICALS LIMITED
Address: 232-234, Tejgaon I/A Dhaka, Dhaka, 1208 Bangladesh
Phone: +880-29137038
Website: click here
Year Started: 1956 Incorporated: 1972
- KHAN & DEEN TRADERS
Address: Concord Tower Suite 904, Level 9, 113 Kazi Nazrul Islam Avenue Dhaka, 1000 Bangladesh
Phone: +880-29343419
Year Started: 1972 Incorporated: 1974
- LIBRA INFUSIONS LTD.
Address: I/7 Mirpur Industrial Estate Rupnagar, Section-2 Dhaka, Dhaka, 1216 Bangladesh
Website: visit here
Revenue: $2.34 million
Fiscal Year End: JUN
Year Started: 1985
Incorporated: 1976
- MEEKA FINE CHEMICALS CORP.
Address: House No 8/A/KA 5th Floor Road No 13 (New) Dhaka, Dhaka, 1209 Bangladesh
Phone: +880-29141480
Website: visit
Employees: 25
- NAAFCO PHARMA LTD.
Address: Suvastu Tower 12/A 69/1 Bir Uttam Kazi Nuruzzaman Road, Dhaka, Dhaka, 1205 Bangladesh
Phone: +880-29641216
Year Started: 2008 Incorporated: 2008
- NOVARTIS (BANGLADESH) LIMITED
Address: AHN Tower 7th Floor 13 Biponon C/A, Old Sonargaon Road, Tongi Industrial Area Dhaka, Dhaka, 1711 Bangladesh
Phone: +880-9606300133
Year Started: 1973 Incorporated: 1973
- OPSONIN PHARMA LIMITED
Address: Opsonin Building 30, New Eskaton Road Dhaka, 1000 Bangladesh
Phone: +880-248311900
Website: click here
Year Started: 1976
Incorporated: 1976
- ORION INFUSION LIMITED
Address: Orion House, 2nd Floor 153-154 Tejgaon Industrial Area, Dhaka, Dhaka, 1208 Bangladesh
Phone: +880-29897806
Website: click here
Year Started: 1989
Incorporated: 1983
- PASTEUR PHARMATECH SOLUTIONS
Address: 2nd Floor Road: 06, Sector: 01 Dhaka, Dhaka, 1230 Bangladesh
Phone: +880-28959686
Website: visit
Year Started: 2012
Incorporated: 2012
- PHARMA AIDS LIMITED
Address: 1st Floor No: 345 Dhaka, Dhaka, 1000 Bangladesh
Phone: +880-29337740
Revenue: $3.30 million
Sales Growth: 3.98%
Year Started: 1984
Incorporated: 1984
- PHARMASIA LTD.
Address: Sonartori Tower 10Th Floor 12 Sonargaon Road Dhaka, Dhaka, 1000 Bangladesh
Phone: +880-28913024
Year Started: 2014
Incorporated: 2006
- POPULAR INFUSIONS LTD
Address: 164, tongi industrial Area Tongi Dhaka, Dhaka Bangladesh
Phone: +880-29101731
Website: Click here
Year Started: 2003
Incorporated: 2003
- QUALITY PHARMACEUTIALS LTD
Address: 1st Floor 8/3, Segun Bagicha Dhaka, Dhaka, 1000 Bangladesh
Phone: +880-1714072282
Employees: 44
- RADIANT EXPORT IMPORT ENTERPRISE
Address: House: 474, Lubdhok Road: 03, Sector: 12, 04th Floor Priyanka City Dhaka, Dhaka, 1230 Bangladesh
Phone: +880-29612481
Website: click here
Employees: 40
- RENATA LTD.
Address: Plot No. 1 Milk Vita Road Dhaka, Dhaka, 1216 Bangladesh See other locations
Phone: +880-28001450
Website: click here
Revenue: $352.61 million
Year Started: 1972
Incorporated: 1972
- SHARIF PHARMACEUTICALS LIMITED
Address: Sharif Plaza House 15/C (New) Road: 15 (New), 33 (Old) Dhaka, Dhaka, 1209 Bangladesh
Phone: +880-27315161
Website: visit here
Year Started: 2011
Incorporated: 2003
- SQUARE CEPHALOSPORINS LIMITED
Address: Square Centre 48, Mohakhali C/A Dhaka, Dhaka, 1212 Bangladesh
Phone: +880-29859007
Website: click here
Year Started: 2006 Incorporated: 2006
- TWININGS OVALTINE BANGLADESH LIMITED
Address: Shanta Western Tower Level 13 186 Tejgaon Industrial Area Dhaka, Dhaka, 1208 Bangladesh
Phone: +880-28878800
Year Started: 2017 Incorporated: 2017
- UNITED PHARMA & HEALTHCARE LTD
Address: House 23-26, Road 90 Dhaka, 1212 Bangladesh
Phone: +880-1951155116
Employees: 200
- ZISKA PHARMACEUTICALSLIMITED.
Address: Green City Edge 3rd Floor 89 Kakrail C/A Dhaka, Dhaka, 1000 Bangladesh
Phone: +880-28300667
Year Started: 1989
Incorporated: 1989
Pharmaceutical Market: The Next Frontier:
The global pharmaceutical market is expected to grow by three to six percent between 2018 and 2022, with the highest growth expected in the “pharmaceutical markets”: developing countries where the use of drugs is rapidly increasing.
Experts at IQVIA, a global leader in advanced analytics, technology solutions, and contract research services for the life sciences industry, forecast a compound annual growth rate (CAGR) of 6 to 9 percent in emerging pharmaceutical markets, a GDP per capita threshold of $25,000 and spending growth of more than $1 billion from 2012 to 2016.
According to a report by IQVIA (Institute of Health Informatics), pharmaceutical markets spent the most money on therapy marketing in 2018 for therapies for pain, antibiotics, hypertension, cancer, and diabetes.
Pharmaceutical markets were classified into three tiers based on the level of economic growth. Tier I includes China, which dominated the global pharmaceutical market due to high government spending on healthcare.
Tier II consists of Brazil, India, and Russia, all of which have rapidly aging populations, increased consumer awareness, and favorable government policies. Tier 3 includes Thailand, Mexico, Turkey, Egypt, Vietnam, Bangladesh, and South Africa.
Major players in the pharmaceutical market include Huadong Medicine Co.Ltd., Sun Pharmaceutical Industries Ltd., Tata Consultancy Services Ltd., LUPIN, GlaxoSmithKline Plc., AstraZeneca, Teva Pharmaceutical Industries Ltd., Johnson and Johnson, Novartis AG, Merck and Co. Inc.F.Hoffmann-La Roche Ltd., Koninklijke Philips NV, and Abbott Laboratories, as of April 2017, according to a report by Transparency Market Research.1
People in emerging markets are reported to consume more than half of the medicines used worldwide, consistent with the fact that half of the world’s population lives in these areas. Bangladeshi pharmaceutical companies can become global players by taking advantage of this opportunity.
Bangladesh offers significant manufacturing cost advantages due to lower labor costs. The large generics hubs of India and China are losing cost advantages.
Labor costs in Bangladesh are 3 to 4 times lower than in China and India. The price of medicines in Bangladesh is currently among the lowest in the world. This gives Bangladesh the ability to export more pharmaceutical products than India and China.
Conclusion
The pharmaceutical industry in Bangladesh leads with great potential since 98% of the country’s total drug requirements are met by these companies.
There are currently about 257 pharmaceutical companies in Bangladesh, producing about 80 percent of generic drugs.
Currently, national companies like Square, Beximco, Reneta, and Opsonin dominate the pharmaceutical market in Bangladesh.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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