GMEP 2025: What Is the Global Medical Equipment Export Consultation?
GMEP, short for Global Medical Equipment Partnership, is a large-scale B2B consultation program that connects Korean medical device companies with overseas buyers. It is jointly organized by KOTRA and the Korea Medical Devices Industry Association, and each year brings together more than 300 buyers from over 50 countries.
Bangladesh is a core export destination for Korean medical device firms because its medical device market is estimated at USD 800 million and remains about 90% dependent on imports. Through meetings with Bangladeshi buyers at GMEP 2025, Korean suppliers can pursue export openings in diagnostic equipment, imaging systems, surgical instruments, dental devices, and medical consumables.
Bangladesh Medical Device Market Analysis
Bangladesh's medical device market has grown into an estimated USD 800 million sector. Demand is rising at more than 12% annually, supported by public healthcare infrastructure expansion, growth in private hospitals, and the broader push toward universal health coverage. Because domestic manufacturing remains limited, imported equipment continues to dominate across nearly all major product segments.
| Segment | Market Size | Growth | Import Share | Main Sources |
|---|---|---|---|---|
| Imaging Diagnostics (X-ray, CT, MRI) | $200M | 15% | 95% | China, Japan, Korea, Germany |
| In Vitro Diagnostics (IVD) | $120M | 18% | 90% | United States, Germany, China, Korea |
| Surgical Instruments and Consumables | $150M | 10% | 85% | China, India, Pakistan |
| Patient Monitoring | $80M | 12% | 90% | China, United States, Japan |
| Dental Equipment and Consumables | $60M | 15% | 90% | China, Korea, Germany |
| Ophthalmic Equipment | $40M | 12% | 95% | Japan, Korea, Germany |
| Rehabilitation and Physiotherapy | $30M | 15% | 85% | China, Korea, Taiwan |
| Medical Furniture and Fixtures | $120M | 10% | 80% | China, India, Korea |
GMEP 2025 Program Structure
Medical Device Distribution Structure
Export Strategy for Korean Medical Device Companies
Bangladesh's medical device market offers a structural export opportunity defined by 90% import dependence and annual growth above 12%. When systematic buyer matching through GMEP 2025 is paired with a disciplined DGDA registration strategy, Korean medical device companies can accelerate their market entry and build stronger long-term positions in Bangladesh.