Bangladesh Healthcare Market Set to Surge to $23 Billion by 2033 Amid Rising Demand and Trust Challenges
News Summary
Bangladesh’s healthcare market is projected to grow from $14B to $23B by 2033, driven by rising demand and non-communicable diseases. CEO Malik Talha Ismail Bari highlights $5B annual outflow abroad due to trust issues, calling for reforms, investment, and stronger regulation.
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Bangladesh's healthcare sector is poised for explosive growth, with projections showing the market expanding from its current $14 billion valuation to $23 billion by 2033, according to United Hospital CEO Malik Talha Ismail Bari.
Speaking at a recent industry event, Bari attributed the anticipated boom to surging demand for quality healthcare services and the increasing prevalence of non-communicable diseases like diabetes and cardiovascular conditions. "This growth trajectory underscores the urgent need for systemic improvements," he emphasized.
However, Bari highlighted a critical pain point: nearly $5 billion flows out of the country annually as patients seek treatment abroad due to persistent issues with diagnostics accuracy, billing transparency, and overall service quality. He called for comprehensive reforms, including greater private and public investment, alongside stronger regulatory oversight to rebuild trust and retain medical tourism revenue domestically.
Industry experts echo Bari's views, noting that addressing these gaps could not only capture outbound spending but also position Bangladesh as a regional healthcare hub. As the population ages and lifestyle diseases rise, stakeholders are urged to prioritize digital health innovations, standardized protocols, and ethical practices to unlock the sector's full potential.
