The pharmaceutical industry in Bangladesh is one of the most developed technology sectors within Bangladesh. Manufacturers produce insulin, hormones, and cancer drugs. This sector provides 97% of the total medicinal requirement of the local market. The industry also exports medicines to global markets, including Europe. Pharmaceutical companies are expanding their business with the aim to expand the export market.

Currently, the domestic market of pharmaceutical industry in Bangladesh is above Tk 8 billion and international market is more than Tk. The growth rate in this sector is about 5 percent. There are currently 6 government- listed small pharmaceutical factories and 20 allopathic pharmaceuticals private companies in different regions of the country, who are exporting medicines to more than 5 countries around the world, which meets 5 percent of the country’s needs.