2013-09-04 19:14:50 - Fast Market Research recommends "The Medical Device Market: Turkey" from Espicom Business Intelligence, now available
OVERVIEW OF THE MEDICAL MARKET IN TURKEY
As part of Turkey's bid to join the EU, national legislation regarding medical device regulation has been aligned with that of the EU, although that process is not yet complete and the two systems are not yet identical. As a result of this alignment, the regulatory environment in Turkey is far more complex and the processes much more comprehensive than elsewhere in the Middle East.
The government has placed an emphasis on developing its healthcare system, with the goal of establishing a Universal Healthcare System by 2013 as part of its ongoing reforms for the healthcare sector. In 2006, the government formed the Social Security Institution (SSI), which effectively merged the various social security (health
insurance) organisations namely SSK, BagKur and Emekli Sandigi.
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Around 86% of the medical device market is supplied by imports, which have risen rapidly in the past decade. In 2012, imports decreased by 4.4% compared with 2011 and by a 2007-2012 CAGR of 3.9%. Half of imports were sourced from the USA, Germany and China. In the 12 months to January 2013, imports decreased by 4.8% to US$1,934.1 million. In this period, the orthopaedic and dental sectors showed some growth but all other categories fell in value.
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Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom's unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
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