Turkey Pharmaceuticals & Healthcare Report

Providing expert analysis, independent forecasts and competitive intelligence on the pharmaceuticals and healthcare industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Pharmaceuticals and Healthcare Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles and Competitive Landscape.

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  • Get a full view of the competitive landscape to assess your market position
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Turkey Pharmaceuticals & Healthcare Report
Product Price
$1,295.00

BMI View: A strong health care sector and more certain drug pricing policy will drive pharmaceutical sales in value terms over the next 10 years and improve the commercial opportunities for pharmaceutical manufacturers. Despite this positive development, cost containment measures will remain a risk, as will the political situation with neighbouring Syria and nearby Russia .

Headline Expenditure Projections

  • Pharmaceuticals: TRY20.81bn (USD7.64bn) in 2015 to TRY23.21bn (USD7.54bn) in 2016; +11.5% in local currency and -1.4% US dollar terms. Forecast unchanged in local curren cy and up in US dollars compared with previous quarter due to revised exchange rate expectations.

  • Healthcare: TRY107.17bn (USD39.38bn) in 2015 to TRY120.16bn (USD39.01bn) in 2016; +2.7% in local currency and -0.9% US dollar terms. Forecast unchanged in local currency and up in US dollars compared with previous quarter due to revised exchange rate expectations.

Headline Pharmaceuticals & Healthcare Forecasts (Turkey 2014-2020)
2014 2015 2016f 2017f 2018f 2019f 2020f
f = BMI forecast. Source: WHO, National Sources, BMI
Pharmaceutical sales, USDbn 8.560 7.622 7.528 7.834 8.451 9.175 9.948
Pharmaceutical sales, % of GDP 1.07 1.07 1.07 1.08 1.08 1.09 1.10
Pharmaceutical sales, % of health expenditure 19.5 19.4 19.4 19.4 19.4 19.4 19.4
Health spending, USDbn 43.788 39.258 38.738 40.305 43.495 47.267 51.334

Risk/Reward Index

In BMI's Q216 Pharmaceutical Risk/Reward Index Turkey is ranked 10th out of the 20 markets in the Central and Eastern European matrix with an improved score of 55.9 compared with the previous quarter (52.6). Turkey scores slightly above the regional average score of 52.6 in Q216. The country's overall Rewards score of 37.4 is considerably higher than the regional average (33.2) despite a lower-than-average Country Rewards due to its large total market size and long-term growth potential. Its overall score is limited by below-regional-average scores for both Industry and Country Risks, due to its continued poor regulatory environment.

Key Trends and Developments

  • In March 2016, it was announced that Indian drugmaker Dr Reddy's had partnered with Turkish TR-Pharma to manufacture biosimilar pharmaceuticals for the Turkish market.

  • In February 2016, it was announced that cancer treatment medicines for patients diagnosed with lung cancer would not be funded by Turkey's social security institution (SGK) if the patient has a smoking habit.

  • In January 2016, the Economic Coordination Council (EKK) announced increases to low-cost medicines which will see an increase of between 10-20%. This is expected to impact the prices of around 4,000 medicines .

BMI Economic View

Turkey will remain on a volatile growth trajectory, with average real growth rates slowing to 3.2% in the next decade, from 5.0% in 2003-2013. Higher spending commitments following the 2015 general election, and overly optimistic official growth forecasts, will see Turkey's budget deficit widen to 2.1% and 2.0% of GDP in 2016 and 2017 respectively. Public debt will remain anchored at relatively low levels in the coming years, although waning economic policy credibility will keep upward pressure on borrowing costs and begin to erode the government's traditionally strong fiscal buffers.

BMI Political View

Russia's intervention in Syria has dealt a devastating blow to Turkey's foreign policy goals and raised the risk of a military confrontation between the two states. On the domestic front, violence between the Turkish government and PKK shows no signs of abating and we see growing risks of fresh elections as President Recep Tayyip Erdogan seeks to bolster his party's majority and pursue constitutional reforms to strengthen the power of the executive office.

BMI Industry View
7
Table: Headline Pharmaceuticals & Healthcare Forecasts (Turkey 2014-2020)
7
SWOT
9
Industry Forecast
11
Pharmaceutical Market Forecast
11
Table: Pharmaceutical Sales, Historical Data And Forecasts (Turkey 2012-2020)
13
Healthcare Market Forecast
14
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Turkey 2012-2020)
15
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Turkey 2012-2020)
16
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Turkey 2012-2020)
16
Prescription Drug Market Forecast
17
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Turkey 2012-2020)
18
Patented Drug Market Forecast
19
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Turkey 2012-2020)
20
Generic Drug Market Forecast
21
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Turkey 2012-2020)
22
OTC Medicine Market Forecast
23
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Turkey 2012-2020)
24
Pharmaceutical Trade Forecast
25
Table: Pharmaceutical Trade Data And Forecasts (Turkey 2014-2020)
26
Table: Pharmaceutical Trade Data And Forecasts local currency (Turkey 2014-2020)
27
Industry Risk/Reward Index
28
Central And Eastern Europe Risk/Reward Index
28
Turkey Risk/Reward Index
34
Rewards
34
Risks
35
Regulatory Review
36
Intellectual Property Regime
36
Pricing Regime
39
Reimbursement Regime
40
Market Overview
41
Healthcare Sector
42
Table: Healthcare Resources (Turkey 2010-2015)
45
Table: Healthcare Personnel (Turkey 2010-2015)
45
Table: Healthcare Activity (Turkey 2010-2015)
46
Research & Development
46
Clinical Trials
47
Epidemiology
48
Competitive Landscape
51
Pharmaceutical Sector
51
Research-Based Industry
52
Generic Drugmakers
53
Table: Multinational Market Activity
55
Pharmaceutical Distribution
56
Pharmaceutical Retail
57
Company Profile
58
Abdi -brahim
58
EastPharma (Deva)
62
Eczaciba-i Healthcare
65
Mustafa Nevzat Ilac Sanayi (MN) Pharmaceuticals
68
Sanovel Pharmaceuticals
71
Demographic Forecast
74
Table: Population Headline Indicators (Turkey 1990-2025)
75
Table: Key Population Ratios (Turkey 1990-2025)
75
Table: Urban/Rural Population & Life Expectancy (Turkey 1990-2025)
76
Table: Population By Age Group (Turkey 1990-2025)
76
Table: Population By Age Group % (Turkey 1990-2025)
77
Glossary
79
Methodology
81
Pharmaceutical Expenditure Forecast Model
81
Healthcare Expenditure Forecast Model
81
Notes On Methodology
82
Risk/Reward Index Methodology
83
Index Overview
84
Table: Pharmaceutical Risk/Reward Index Indicators
84
Indicator Weightings
85

The Turkey Pharmaceuticals & Healthcare Report features BMI Research's forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Turkey Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Turkey pharmaceutical and healthcare industry.

Key Benefits

  • Benchmark BMI's pharmaceutical and healthcare market forecasts for Turkey, to test other views - a key input for successful budgeting and strategic business planning in the Turkish pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Turkish pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Turkey.
  • Assess the activities, strategy and market position of your competitors using our company profiles (including SWOTs, KPIs and latest activity) and competitive landscape tables.

Coverage

BMI Industry View

An at-a-glance perspective on the latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The pharmaceuticals and healthcare SWOT outlines strategic factors that affect the basic assumptions underpinning BMI’s forecast analysis, and taken together with BMI’s political, economic and business environment SWOTs, it gives a complete overview of market climate.

BMI Industry Forecast Scenario

Industry forecasts to end-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Healthcare: Total healthcare expenditure (USDbn), healthcare expenditure (% of GDP), healthcare expenditure per capita (USD), hospital beds, doctors, and birth & mortality rates (all per ‘000 population).
  • Pharmaceutical Market: Drug expenditure in USDbn, % of GDP and per capita (USD).
  • Patented Drug Market: Prescription drug sales (USDbn & % of total sales).
  • Generic Drug Market: Generic product sales (USDbn), generic sales (% of total sales).
  • OTC Drug Market: OTC sales (USDbn & % of total sales).
  • Macroeconomic Forecasts: Nominal and real GDP, % real GDP growth, % private consumption growth, % industrial output growth, % consumer price index, % GDP price deflator, exports, imports, trade balance, current account balance, foreign direct investment, exchange rate against USD, government expenditure and external debt.

BMI’s Pharmaceuticals and Healthcare Risk Reward Index

BMI’s Risk Reward Index provides investors (both national and multinational) looking for opportunities in the region with a clear country-comparative assessment of the market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Summary

A snapshot of key market characteristics, including total size of the pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape

Industry 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.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as analysis of the overall regulatory burden.

Competitive Landscape

The competitive landscape section provides comparative company analyses and index by USD sales and % share of total sales – for the total pharmaceutical sector, as well as the OTC, generics and distribution sub-sectors.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.