Turkey Medical Devices Report

Published 18 December 2015

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

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Turkey Medical Devices Report
Product Price
$1,295.00

BMI View: We expect t he Tur kish medical device market to fall by a CAGR of 0.7 % in US dollar terms over the 201 4 -201 9 period, although growth will be stronger, at 6.3%, in local currency terms. T he 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, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 2,609.9 34.4 5,709.8 75.3 2.2
2015 2,294.9 29.9 6,081.4 79.3 2.7
2016 2,242.4 28.9 6,446.8 83.2 2.9
2017 2,308.3 29.5 6,867.1 87.8 3.0
2018 2,412.7 30.6 7,298.5 92.5 3.0
2019 2,521.1 31.7 7,752.4 97.4 3.1

Latest Updates and Key Forecasts

  • We forecast that the market will register a 2014-2019 CAGR of 6.3% in local currency terms, which is lower than the 2009-2014 CAGR of 16.1%. In US dollar terms, the 2014-2019 CAGR will be lower at 0.7%, due to the projected depreciation of the Turkish lira against the dollar over the forecast period. We expect the market to increase from USD2,609.9mn in 2014 to USD2,521.1mn in 2019.

  • We expect import growth to remain negative in US dollar terms in 2015, due to the worsening economic performance and depreciation of the Turkish lira. In the 12 months to September 2015, imports fell by 18.8% to USD447.9mn.

  • Due to the depreciation of the Turkish lira, the ongoing weakness in key Middle Eastern trading partners and deteriorating relations with Russia, we believe that medical device export performance in US dollar terms will remain poor throughout 2015. In the 12 months to September 2015, exports fell by 3.2% to USD90.6mn.

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BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
14
Operational Risk
15
Industry Forecast
17
Medical Device Market Forecast
17
2014-2019 Performance
17
Table: Projected Medical Device Market, 2014-2019
18
2009-2014 Performance
18
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
19
Consumables Market Forecast
24
Bandages & Dressings
24
Suturing Materials
24
Syringes, Needles & Catheters
25
Other Consumables
25
Table: Consumables Market, 2009-2019 (USDmn)
25
Table: Consumables Market, 2010-2019 (USDmn % Change)
26
Diagnostic Imaging Market Forecast
29
Electrodiagnostic Apparatus
29
Radiation Apparatus
29
Imaging Parts & Accessories
30
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
30
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
32
Dental Products Market Forecast
34
Capital Equipment
34
Instruments & Supplies
34
Table: Dental Products Market, 2009-2019 (USDmn)
35
Table: Dental Products Market, 2010-2019 (USDmn % Change)
36
Orthopaedics & Prosthetics Market Forecast
38
Fixation Devices
38
Artificial Joints
38
Other Artificial Body Parts
38
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
39
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
39
Patient Aids Market Forecast
41
Portable Aids
41
Therapeutic Appliances
41
Table: Patient Aids Market, 2009-2019 (USDmn)
42
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
42
Other Medical Devices Market Forecast
44
Table: Other Medical Devices Market, 2009-2019 (USDmn)
45
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
46
Annual Medical Device Imports
48
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
53
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
54
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2014
59
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
63
Monthly Medical Device Imports
67
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
67
Annual Medical Device Exports
68
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
74
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
76
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
77
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
78
Table: Detailed Medical Device Export Trends By Product Area, 2014
81
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
85
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
88
Monthly Medical Device Exports
92
Table: Monthly Medical Device Exports By Product Area, June 2012-June 2015 (USDmn)
92
Macroeconomic Forecasts
94
Economic Analysis
94
Table: Economic Activity (Turkey 2010-2019)
103
Industry Risk/Reward Index
104
Industry Risk Reward Index
104
Table: CEE Medical Device Risk/Reward Index, Q415
105
Market Overview
106
Medical Device Market Overview
106
Table: Medical Device Market, Key Ratios, 2014
107
Table: Medical Device Market By Product Area, 2014
107
Healthcare Overview
108
Health Status
108
Healthcare System
109
Private Healthcare Provider
114
Healthcare Funding
114
Healthcare Resources
118
Table: Medical Device Technology By Type, 2006-2013 (Units)
120
Table: Medical Device Technology By Type, 2006-2013 (Per mn Population)
121
Healthcare Activity
121
Healthcare Personnel
123
Key Healthcare Data
123
Table: Key Healthcare Data, 2009-2014
123
Industry Trends & Developments
126
Regulatory Development
133
Medical Device Regulations
133
Competent Authority
133
Regulations
133
Medical Device Pricing & Reimbursement
134
Reimbursement
134
Procurement
134
Competitive Landscape
136
Domestic Medical Device Manufacturing
136
National Medical Device Manufacturers
136
Multinational Market Activity
138
Table: Multinational Market Activity, 2015
138
Medical Device Market Access
140
Market Environment
140
Distribution
140
Trade Association
140
Table: SADER Member Companies, 2015
141
Trade Fair
142
Methodology
143
Forecast Methodology
143
Trade Code Classifications
144
Table: Rearranged HS Trade Codes
145
Risk/Reward Index Methodology
148
Table: Medical Devices Risk/Reward Index Indicators
149
Sources
151
Contact
152

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.