Our Group Member’s Are….
Name IDAfsana Mahamuda Sharmi BBA 054 16685
Niloy Saha BBA 054 16669
Rimon Khan BBA 054 16679
Sonia Akter Tumpa BBA 054 16690
Faried Chowdhury BBA 054 16671
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The roots of the pharmaceutical industry lie back as far
back as the middle ages.
But the industry as we understand it today really has its
origins in the second half of the 19th century.
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The origins of the Pharmaceutical Industry:
The chemical industries (of the late nineteenth century) in
the upper Rhine Valley of Switzerland.
The drag store was opened by Arabian Pharmacists in
Baghdad in 754 and many more was opened in Islamic
country and Europe .
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Most of today's major pharmaceutical companies were founded in the late 19th and early 20th centuries.
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Pharmaceutical Industry has grown in Bangladesh in the last two decades at a considerable rate. The sector consistently creates job opportunities for qualified people. Like all other sectors in Bangladesh, the pharmaceutical industry was much neglected during Pakistan regime. Most multinational companies had their production facilities in West Pakistan. For several years after liberation, the government could not increase budgetary allocations for the health sector.
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In 1981, there were 166 licensed pharmaceutical manufacturers in the country. But in spite of having 166 local pharmaceutical production units, the country had to spend nearly Tk 300 million on importing finished medicine products. In 2000, there were 261 unani, 161 Ayurveda, 76homeopathic and biochemical licensed manufacturing units. They produced medicines
worth Tk 1.2 billion in 2000. One of the major positive impacts of Drug (Control) Ordinance is the rapid development of local manufacturing capability.
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Market players ..Domestically, Bangladeshi companies including the locally basedMNCs produce 95%-97% of the drugs and the rest are imported.Although about 250 pharmaceutical companies are registered inBangladesh, less than 100 are actively producing drugs.
• Significant contribution on country's economy.
• Substantial development in pharmaceutical sectorenabled us to export our branded generics in theinternational marketing domain.
• Healthy growth is encouraging the pharmaceuticalmanufacturers towards research and developmentfor newer generics of quality drugs at affordableprices.
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• The creation of Active Pharmaceutical
Ingredient Park (API) is one of the most
significant parts of the pharmaceutical
industry as a whole.
• Bangladesh pharmaceutical market is growing
at a fast pace and has a bright future indeed
according to Business Monitor International's.
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Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.
In 2009 Bangladesh got 5 points in Inflation Rate on consumer prices.
Inflation..
What is GDP?GDP stands for Gross Domestic Product.
Gross domestic product is the market value of all officially recognized final goods and services produced within a country in a given period of time.
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Contribution of pharmaceutical industries to GDP of Bangladesh
*exports medicines worth $60 million
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
FY10 FY11 FY12 FY13 FY14 FY15
Contribution of pharmaceutical industries to GDP of Bangladesh
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Pharmaceuticals industry is the core of healthcare sector ofBangladesh. Being part of healthcare sector, its performance isrelated to demographic variables like population growth as well aseconomic growth and healthcare policy. In our country, withimproving demographic characteristics, recent economic growthand favorable policy, the industry has seen good growth.
The following table represents changes in our demographic variables, economicgrowth and performance of Pharmaceuticals industry.
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The Industry exports active pharmaceutical
ingredients (APIs) and a wide range of pharmaceutical
products, covering all major therapeutic classes and dosage
forms, to 79 countries. Along with regular forms like tablets,
capsules and syrups, Bangladesh also exports specialized products like HFA inhalers, CFC inhalers,
suppositories, nasal sprays, injectables, IV infusions,
etc.
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The domestic pharmaindustry, which had clocked a 16.80 per cent growth in 2009..
Analysts expect the domestic pharma space to grow by 20-22 per cent in FY15.
Pharmatical Sector Growth Rate..