While Bangladesh’s pharmaceutical sector has exceeded expectations and surpassed many comparator countries, the industry’s reliance on imports for raw materials has long been a limiting factor.
Big pharmaceutical companies in Bangladesh are gradually taking hold of the country’s growing market for herbal medicines as people are opting for higher quality natural remedies with recognisable brand value.
Anti-ulcer drugs are the top-selling medicines in Bangladesh with sales clocking more than 12 per cent growth annually since 2015 driven by unhealthy food habits, use of excess oil and spices in food preparation and food adulteration.