Bangladesh is a South Asian market of 175 million coming off of nearly two decades of 5-8% annual GDP growth. Historically, the country has underinvested in its healthcare sector with many Bangladeshis still traveling abroad and spending around $3.5 billion per year for medical procedures outside of the country. But with a rapidly growing middle class and per capita GDP that rivals India, there is a growing domestic demand for better quality healthcare treatments in-country and total consumer spending on healthcare is expected to double in the next 5 years. Total Bangladeshi healthcare spending is over $10 billion and has grown by around 10% per annum for the last decade with double digit annual growth in nearly all subsectors such as medical devices and e-health and pharmaceuticals. The Bangladeshi government has plans to for all citizens to be covered by universal healthcare by 2032 which will continue to spur on investment and growth in the sector. Join us on Wednesday, May 1 at 11:00am ET/8:00am PT to hear from Senior Commercial Officer John Fay and Senior Commercial Specialist for the Healthcare sector, Abir Barua, who will provide insight into:
We will also hold a live Q&A following the presentation.
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