Praava Health

Nearly 170 million people live in Bangladesh, making it one of the world’s most populous countries and densely populated markets. Bangladesh is also one of the fastest growing economies in the world and has been dubbed the next Asian tiger by the World Economic Forum, The Economist, and others. A dynamic, growing middle class of more than 30 million people – 25% of the population – has already propelled Bangladesh to “middle-income” status. As income levels rise, health expenditures increase disproportionately. Middle class families demand and can pay for higher quality services.

Social infrastructure and healthcare are still lagging dramatically behind the rapidly growing economy. The public health system is understaffed and over-stretched, with only 1% private health insurance saturation. Private health facilities are best positioned to fill this gap. But pricing at private facilities in Bangladesh is artificially inflated due to lack of competition, and quality is inconsistent.