Building from strength to strength, the pharmaceutical industry has grown from about $25 million in 1982 to about $3 billion as of June 2020. Driven by the increasing purchasing power of the domestic population, the domestic pharmaceutical market is forecasted to exceed USD 6 billion by 2025
At present the industry is serving 97 percent of the domestic market and exporting to more than 100 countries around the world. The Bangladeshi drug market is dominated by production of branded generic drugs, which account for almost 80% of the drugs produced locally, while patented drugs make up the remaining. Currently, there are 271 Allopathic, 205 Ayurvedic, 271 Unani, 32 Herbal and 79 Homeopathic drug producing companies in the country.