The Bangladesh government values the significance of health towards building a healthy and productive population. Over time, the country has made great progress in improving life expectancy, reducing infectious disease, infant and maternal mortality. The government is encouraging further development of the sector through favorable incentives. The sector is open to 100 percent FDI with tax holidays being offered to new hospitals who meet a few conditions.
The Bangladesh healthcare sector comprises of hospitals, clinics, diagnostic centers, clinical trials, outsourcing, telemedicine, and medical devices and equipment. Growing at a CAGR of 10.3% percent since 2010, the size of the healthcare industry has reached USD 6.76 billion in 2018 (in terms of spending on the healthcare expenditure), doubling in the last 8 years. The healthcare industry is dominated by private sector with high growth in tertiary hospitals and diagnostics centers. As of the end of 2019, there were 255 public hospitals, 5,054 private hospitals and clinics, and 9,529 diagnostic centers under the registration of Directorate General of Health Services (DGHS). The number of hospital beds available in public hospitals amounted to 54,660, whereas the same figure in private ones amounted to 91,537, bringing the total number of beds to 143,394 at the end of 2019.
Large domestic market with increased affordability
Current low per capita spending combined with increasing spending on healthcare indicates potential for future growth
Increasing acceptability of telemedicine
Increasing life expectancy and aging population
Changing disease profile
Increasing insurance coverage expected in the future