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Life Sciences

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Life Sciences

Healthcare and related industries are considered areas of strategic importance in Turkey. This is particularly true in terms of the social and economic impact of these sectors. Turkey confirmed its commitment to health care reforms in 2004 with the implementation of Healthcare These reforms marked a significant improvement in Turkey's health system, supported by investment in R & D and innovation in health care.

Some key facts and figures in the Turkish pharmaceuticals sector include:

• The Turkish market for pharmaceuticals reached TRY 20.7 billion in 2016 - an increase of 16.5 percent over 2015. Sales increased by 4.7 percent in the same period to reach 2.23 billion units.

• According to reports from IMS and Technavio, Turkey is one of the top 20 "pharmerging" countries

• The Turkish pharmaceutical market is expected to grow at an annual rate of 11 percent between 2016 and 2025, with per-capita pharmaceutical sales rising from $ 97 in 2015 to $ 128 by 2025.

• There are approximately 300 pharmaceutical companies in this sector. Out of the 67 manufacturing sites that meet international standards, 12 are multinationals.

• There are 12 drug producing plants in Turkey, three of which are multinationals.

• Approximately 31,000 people work in the pharmaceuticals sector and more than 11,500 products are manufactured.

• Drug exports were $ 610 million in 2011, up 41.4 percent over the past five years, reaching $ 863 million in 2016.

• Turkish pharmaceutical manufacturers export to more than 170 countries, with EU, MENA and CIS countries accounting for much of this trade.

• The regulations in the sector comply with EU directives.


Some key facts and figures in the Turkish pharmaceutical sector include:

• The market for Turkish medical devices exceeded $ 2.3 billion in 2016.

• There are around 1,000 medical device manufacturers in Turkey. In addition, there are medical device networks in the provinces of Istanbul, Ankara and Samsun.

• The market is expected to grow by 6.7 percent annually between 2016 and 2020 in TRY terms.

• 29 new healthcare campus projects with a total bed capacity of 41,000 will meet growing demand in this area over the next few years.

• The growing medical tourism industry, where the number of tourists rose from 74,000 in 2008 to nearly 1 million in 2016, is expected to further stimulate demand for medical devices.

• The regulations for medical devices comply with EU directives.

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