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: The Turkish medical device market will grow moderately over the 2015-2020 forecast period, but it will contract in US dollar terms due to local currency depreciation . Market growth will be constrained by falling investment and weaker economic growth as President Recep Tayyip Erdogan tight ens his grip on power. T he UK's vote to leave the EU has also slowed eurozone growth . However, t he expa nsion of healthcare facilities such as the city hospital complexes will help to drive market growt h .

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 2,322.5 29.5 6,325.3 80.4 2.7
2016 2,315.1 29.1 6,852.7 86.1 3.0
2017 2,325.7 28.9 7,314.4 91.0 3.1
2018 2,305.4 28.4 7,780.6 96.0 3.4
2019 2,277.7 27.9 8,256.7 101.1 3.6
2020 2,246.7 27.3 8,761.9 106.5 3.9

Latest Updates And Key Forecasts

  • We maintain our forecast that the market will expand by a 2015-2020 CAGR of 6.7% in local currency terms, which will take expenditure to TRY8.8bn in 2020. Market growth in US dollar terms will be lower at a 2015-2020 CAGR of -0.7%, which should see it fall to USD2.2bn in 2020.

  • Slow economic growth in the aftermath of the failed coup and the depreciation of the Turkish lira will hinder import growth in US dollar terms in 2017. In the 12 months to August 2016, imports fell by 10.8% to USD1.9bn.

  • We believe that export growth will slow in US dollar terms, as the UK's decision to leave the EU worsens already weak growth in the eurozone, Turkey's largest export market. A significant slowdown in UK growth will also lead to a drop in demand. In the 12 months to August 2016, exports fell by 1.4% to USD368.2mn.

  • The European Bank for Reconstruction and Development (EBRD) is preparing to finance four infrastructure PPP projects for hospital complexes located in Kocaeli, Izmir, Bursa and Gaziantep. In providing loans amounting to EUR785mn (USD844.1mn) for the four projects, the EBRD will enable developments to take place that may otherwise struggle to attract funding. The EBRD is also backing a EUR288mn (USD309.7mn) denominated bond to finance a hospital campus in Elazig.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2010-2020 (USDmn)
20
Table: Consumables Market, 2011-2020 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
25
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
28
Table: Dental Products Market, 2010-2020 (USDmn)
29
Table: Dental Products Market, 2011-2020 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
34
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2010-2020 (USDmn)
38
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
40
Table: Other Medical Devices Market, 2010-2020 (USDmn)
41
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
48
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, Year Ending March 2016 (USDmn)
61
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
67
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
68
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2014
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
76
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, Year Ending March 2016 (USDmn)
83
Industry Risk/Reward Index
84
Industry Risk Reward Index
84
Table: CEE Medical Device Risk/Reward Index, Q316
85
Market Overview
86
Medical Device Market Overview
86
Table: Medical Device Market, Key Ratios, 2015
87
Table: Medical Device Market By Product Area, 2015
87
Healthcare Overview
88
Health Status
88
Healthcare System
89
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
105
Medical Device Regulations
105
Competent Authority
105
Regulations
105
Medical Device Pricing & Reimbursement
106
Reimbursement
106
Procurement
106
Competitive Landscape
108
Domestic Medical Device Manufacturing
108
National Medical Device Manufacturers
108
Bi-akcilar
108
Cagdas Elektronik Medikal
108
Detaysan
109
Sesinoks
109
Set Medikal
109
Multinational Market Activity
111
B
111
Boston Scientific
111
Fresenius Medical Care
111
General Electric
112
Johnson & Johnson
112
Medtronic
112
Philips Healthcare
113
Siemens
113
Smith & Nephew
114
Toshiba
114
Medical Device Market Access
115
Market Environment
115
Distribution
115
Trade Association
115
Trade Show
115
Methodology
116
Forecast Methodology
116
Trade Code Classifications
117
Table: Rearranged HS Trade Codes
118
Risk/Reward Index Methodology
121
Table: Medical Devices Risk/Reward Index Indicators
122
Sources
124
Contact
125

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.