Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
Turkey Pharmaceutical Market Report by Type (Pharmaceutical Drugs, Biologics), Nature (Organic, Conventional), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A24198
Year End
sale
Buy Now
Turkey Pharmaceutical Market Overview:
The Turkey pharmaceutical market size reached US$ 7.81 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.23 Billion by 2032, exhibiting a growth rate (CAGR) of 4.50% during 2024-2032. The market is primarily driven by the expanding healthcare sector due to easy access to healthcare services, rising demand among the growing geriatric population, advancements in medical technology, and strategic investments by local and international pharmaceutical companies across the region.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
|
Market Size in 2023
|
US$ 7.81 Billion |
|
Market Forecast in 2032
|
US$ 12.23 Billion |
| Market Growth Rate 2024-2032 | 4.50% |
Turkey Pharmaceutical Market Trends:
The Growing Aging population:
The demographic patterns in Turkey including population growth and an aging population, are influencing the pharmaceutical industry in Turkey. According to the Turkish Statistical Institute press release stating that 6,895,385 people were 65 years of age or older in 2017. This group increased by 22.6% during the next five years, to reach 8,451,669 individuals by 2022. The percentage of the population that is old grew throughout this time, rising from 8.5% in 2017 to 9.9% in 2022. In 2022, there were 44.4% men and 55.6% women among the old population. Moreover, the population forecasts indicate that the percentage of old people will likely continue to rise, reaching 12.9% by 2030, 16.3% by 2040, 22.6% by 2060, and 25.6% by 2080. These projections are escalating the demand for pharmaceutical products tailored to chronic disease management, geriatric care, and the overall healthcare needs of the geriatric population. This demographic shift has prompted pharmaceutical companies to innovate and develop medications that address age-related conditions such as cardiovascular diseases, diabetes, and arthritis.
Increased Access to Healthcare:
The Turkish pharmaceutical industry has been greatly influenced by the growth of healthcare services. According to ilac Endustrisi iseverenler Sendikasi (IEIS), pharmaceutical manufacturer of Turkiye, the value of Turkey's combined pharmaceutical and healthcare product market including sales from pharmacies and hospitals increased to TRY 121.6 billion in 2022, a noteworthy 78.8% growth. The market increased by 8.6% in terms of unit sales, reaching 2.82 Billion units. Additionally, a variety of products authorized by the Ministry of Health are available in the healthcare market, including prescription drugs, foods specifically designed for health, and conventional herbal remedies. Moreover, the expansion was further aided by goods that were authorized by the Ministry of Agriculture and Forestry, including food supplements, vitamins, and formulae, thus contributing to the market growth. According to the most current statistics available, the healthcare market had a 7.1% increase in units and a 28.8% increase in value in 2021, demonstrating strong expansion across several industry areas. Hence, there the easy availability of pharmaceuticals is increasing the need for pharmaceutical items, ranging from specialty drugs to basic therapies across Turkey.
Turkey Pharmaceutical Market News:
- 20 November 2023: Abdi İbrahim, the leading pharmaceutical company in Turkey, announced a landmark technology transfer agreement with mAbxience, a leading biosimilar developer. This collaboration will enable Abdi İbrahim to locally manufacture a biotech pharmaceutical for the first time in Türkiye, specifically a cancer treatment previously imported. Under the brand AbdiBio, Türkiye's largest biotech facility, this initiative aims to produce a monoclonal antibody used in treating metastatic colorectal cancer, cervical cancer, and glioblastoma multiforme. Abdi İbrahim seeks to enhance healthcare accessibility, mitigate supply chain issues, and bolster Türkiye's position in the global biotechnology sector by localizing production from cell cultivation to final product.
- 30 January 2024: Turkish Cargo, renowned as a leading partner in the global air cargo sector, continues to elevate standards in pharmaceutical and medical logistics. It introduced three new products, TK Pharma Standard, TK Pharma Extra, and TK Pharma Advanced. This dynamic brand aims to exceed customer expectations with flexible solutions tailored to various categories of pharmaceutical and medical shipments.
Turkey Pharmaceutical Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type and nature.
Type Insights:
- Pharmaceutical Drugs
- Cardiovascular Drugs
- Dermatology Drugs
- Gastrointestinal Drugs
- Genito-Urinary Drugs
- Hematology Drugs
- Anti-Infective Drugs
- Metabolic Disorder Drugs
- Musculoskeletal Disorder Drugs
- Central Nervous System Drugs
- Oncology Drugs
- Ophthalmology Drugs
- Respiratory Diseases Drugs
- Biologics
- Monoclonal Antibodies (MAbS)
- Therapeutic Proteins
- Vaccines
The report has provided a detailed breakup and analysis of the market based on the type. This includes pharmaceutical drugs, (cardiovascular drugs, dermatology drugs, gastrointestinal drugs, genito-urinary drugs, hematology drugs, anti-infective drugs, metabolic disorder drugs, musculoskeletal disorder drugs, central nervous system drugs, oncology drugs, ophthalmology drugs, and respiratory diseases drugs) and biologics, (monoclonal antibodies (mabs), therapeutic proteins, and vaccines.
Nature Insights:
- Organic
- Conventional
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes organic and conventional.
Regional Insights:
- Marmara
- Central Anatolia
- Mediterranean
- Aegean
- Southeastern Anatolia
- Blacksea
- Eastern Anatolia
The report has also provided a comprehensive analysis of all the major regional markets, which include Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, Eastern Anatolia.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Turkey Pharmaceutical Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Billion US$ |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Types Covered |
|
| Natures Covered | Organic, Conventional |
| Regions Covered | Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, Eastern Anatolia |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Turkey pharmaceutical market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Turkey pharmaceutical market?
- What is the breakup of the Turkey pharmaceutical market on the basis of type?
- What is the breakup of the Turkey pharmaceutical market on the basis of nature?
- What are the various stages in the value chain of the Turkey pharmaceutical market?
- What are the key driving factors and challenges in the Turkey pharmaceutical?
- What is the structure of the Turkey pharmaceutical market and who are the key players?
- What is the degree of competition in the Turkey pharmaceutical market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Turkey pharmaceutical market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Turkey pharmaceutical market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Turkey pharmaceutical industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More