Turkey Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
×

Sign up to download the Turkey Medical Devices Report

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Turkey Medical Devices Report
Product Price
$1,295.00

BMI View: We expect the Turkish medical device market to fall by 3.9 % in US dollar terms in 2016, compared with growth of 7.9% in local currency terms, due to the depreciation of the local currency against the US dollar . The expansion of healthcare facilities is helping to drive market growth but this will be tempered by poor economic performance. Increasing social tensions and security risks are negatively affecting the economy and Russia has imposed a number of economic sanctions against Turkey.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 2,313.7 29.4 6,302.0 80.1 2.7
2016 2,222.4 27.9 6,797.3 85.4 3.1
2017 2,245.0 27.9 7,296.3 90.7 3.3
2018 2,344.2 28.9 7,794.4 96.1 3.3
2019 2,458.7 30.1 8,298.2 101.6 3.4
2020 2,575.6 31.3 8,821.6 107.2 3.4

Latest Updates And Key Forecasts

  • We forecast the market to register a 2015-2020 CAGR of 7.0% in local currency terms, lower than the 2010-2015 CAGR of 15.4%. In US dollar terms, the 2015-2020 CAGR will be weaker at 2.2%, due to the projected depreciation of the Turkish lira against the dollar over the forecast period. We expect the market to increase to USD2.6bn in 2020.

  • Due to weakening economic performance and the depreciation of the Turkish lira, we expect import growth to remain negative in US dollar terms in 2016. In the 12 months to December 2015, imports fell by 11.1% to USD2.0bn.

  • Due to the ongoing weakness in key Middle Eastern trading partners and deteriorating relations with Russia, we believe that export performance in US dollar terms will remain weak throughout 2016. In the 12 months to December 2015, exports fell by 3.1% to USD368.8mn.

  • The government's city hospitals project continues to attract private investment. In February 2016, the European Bank for Reconstruction and Development (EBRD) announced that it is co-financing the development of a EUR318mn (USD341.9mn) high-tech hospital in Konya, as part of the PPP project. Hospital services in the Anatolian region will improve from 2019 when the 838-bed facility is due to become operational.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
11
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
16
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
17
Table: Consumables Market, 2010-2019 (USDmn % Change)
18
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
21
Radiation Apparatus
21
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
22
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
26
Table: Dental Products Market, 2009-2019 (USDmn)
27
Table: Dental Products Market, 2010-2019 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
31
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
33
Table: Patient Aids Market, 2009-2019 (USDmn)
35
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
35
Other Medical Devices Market Forecast
37
Latest Updates
37
Structural Trends
37
Table: Other Medical Devices Market, 2009-2019 (USDmn)
38
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
39
Annual Medical Device Imports
41
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
44
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
45
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
46
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2014
50
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
54
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending September 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
63
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
64
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
65
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2014
69
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
73
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
76
Monthly Medical Device Exports
80
Table: Monthly Medical Device Exports By Product Area, Year Ending September 2015 (USDmn)
80
Industry Risk/Reward Index
81
Industry Risk Reward Index
81
Table: CEE Medical Device Risk/Reward Index, Q116
82
Market Overview
83
Medical Device Market Overview
83
Table: Medical Device Market, Key Ratios, 2014
84
Table: Medical Device Market By Product Area, 2014
84
Healthcare Overview
85
Health Status
85
Healthcare System
86
Private Healthcare Provider
90
Healthcare Funding
91
Healthcare Resources
92
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Units)
93
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Per mn Population)
94
Healthcare Activity
95
Healthcare Personnel
95
Key Healthcare Data
96
Table: Key Healthcare Data, 2010-2015
96
Industry Trends & Developments
98
Regulatory Development
104
Medical Device Regulations
104
Competent Authority
104
Regulations
104
Medical Device Pricing & Reimbursement
105
Reimbursement
105
Procurement
105
Competitive Landscape
107
Domestic Medical Device Manufacturing
107
National Medical Device Manufacturers
107
Multinational Market Activity
109
Table: Multinational Market Activity, 2015
109
Medical Device Market Access
111
Market Environment
111
Distribution
111
Trade Association
111
Table: SADER Member Companies, 2015
112
Trade Fair
113
Methodology
114
Forecast Methodology
114
Trade Code Classifications
115
Table: Rearranged HS Trade Codes
116
Risk/Reward Index Methodology
119
Table: Medical Devices Risk/Reward Index Indicators
120
Sources
122
Contact
123

The Turkey Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Turkey provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Turkey Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Turkey, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Turkey.
  • Target Business Opportunities in the Turkey Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Turkey.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.