Pharmaceutical Industry in Bangladesh

1) PHARMACEUTICAL INDUSTRY ANALYSIS 1.1 Industry Background: The total persistence can broadly be classified into two categories. Theses ar a)Patent Medicines b) generic wine Medicines Patent medicines are the overlaps that are invented by the company, who have their own research team working on their own laboratories. These products are patented for many years to sleep with the monopoly market. After years of business the formulation is sold in the market so that others can go into mass production. Generic medicines are the products that are produced in mass scale. These are marketed by several companies under different brand name, where the formulation of this product is almost same. Prices of the products are under this category are competitive. Bangladesh primarily concentrates on this category, as labor cost is one of the last(a) in the world. 1.2 Growth & Trends: The growth potential of pharmaceutic intentness is enormous. As urban population is increasing and people are getting educated, they are now more concerned astir(predicate) healthcare. So the demands of medical products are rising. In Bangladesh unhygienic conditions and pitiful health maintenance plans pop the question vast scope for the pharmaceutical firms to sell their products.

On the other hand, the constant natural disasters provide opportunities to pharmaceutical companies to boost its sales. The industry is growing the protection of interior(a) Drug Policy 1982. But after the GATT regulation, changes are restrain to take place. Furthermore, the trend & growth of this industry tends to be coercive as the demand of medicines is rising, which have mentioned earlier. 1.3 Demand: Bangladesh is prone to tropic diseases, and this leads to a high demand for pharmaceutical goods. Because of this and the poor health and hygiene situations, a steady growth in the pharmaceutical sector is possible. Demand is positively related to the changes in useable income. Assuming that income per capita will continue to... If you want to get a full essay, order it on our website: Ordercustompaper.com

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