Medical Device sector

An Expert's View about Medical, Health and Cosmetics Products in Turkey

Posted on: 27 Nov 2011

The Turkish medical devices and supplies industry is a fast developing sector with recent investments in most fields. In fact, during the past decade the industry has undergone significant changes.

Medical Device sector in Turkey The Turkish medical devices and supplies industry is a fast developing sector with recent investments in most fields. In fact, during the past decade the industry has undergone significant changes. Market overview The number of items produced has increased and at the same time, the quality has improved. The number of manufacturers in the industry has increased as well. Turkish medical devices and supplies industry with the quality of its medical products reached a level, which it can compete with many countries. Turkish medical manufacturers have shown a significant increase in production and have diverse product groups such as medical and surgical instruments and appliances, wadding, gauze, bandages, medical disposables, syringes, needle and catheters, ophthalmic instruments, dental instruments, laboratory diagnostics, wound closure equipment and so on. At present, the industry manufactures thousands of items ranging from the simplest disposables to the most complicated medical equipment. Turkish medical devices and disposables manufacturers comply with international procedures, quality and safety standards such as the GMP (Good Manufacturing Practices), GHP (Good Health Practices), ISO standards and CE marking of the EU. The Turkish healthcare market has great volume due to the country?s population of about 72.5 million and their increasing health concerns. This means that the market is a huge and promising one for international companies who intend to enter into joint ventures and other forms of mutually beneficial cooperation with their Turkish counterparts. The development of private hospitals, clinics, health centres has shown enormous growth in Turkey, particularly for plastic and cosmetic surgery, orthopaedics, and ophthalmology. It is also worthwhile to mention here the Turkish pharmaceutical industry with its present level of development, high production capacity and exports. There are nearly 300 firms in this sector. Among 43 dealing with production, 14 of them are multinational companies. The exports of the pharmaceutical industry totalled US $ 474 million in 2009. Exports The Turkish medical devices and supplies industry fulfils domestic demand for some products and also exports a relatively significant amount. In 2009 exports totalled approximately US $ 187.1 million. Key opportunities ? Harmonisation with the EU and sector modernisation holding considerable potential for the Turkish market ? Significant scope for growth, given the size of the population and the current low consumption rate ? Introduction of universal health insurance coverage ? Potential for generic sector growth, with market demand patterns structured by a cost conscious government and a low-income population ? Export trade to benefit from closer links with the EU, an improvement in local industry standards and an increase in international investment ? Potential site for clinical trials Recent introduction of new research and development (R&D) legislation, designed to facilitate investment Latest export opportunities ? healthcare and Medical Latest export opportunities - Turkey Getting into the market The Turkish Health legislation has been adopted from the EU Legislation. All EU standards have been adapted into the system. More about doing business in Turkey Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ? Ms Asiye Yaman Trade & Investment Adviser British Embassy Ankara - Turkey Tel: +90 312 455 3246 E-mail: Asiye.Yaman@fco.gov.uk. Contact your local international trade team Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Latest events ? Healthcare and medical EXPOMED (Medical and surgical instruments and appliances, laboratory equipment & diagnostics) Fair Istanbul 12-15 April 2012 www.expomedistanbul.com MEDIST (Medical and surgical instruments and appliances, laboratory equipment & diagnostics) Fair, Istanbul 13-16 October 201 2 www.cnrexpo.com Useful links More about OMIS and other UKTI services for exporters
Posted: 27 November 2011

See more from Medical, Health and Cosmetics Products in Turkey

Expert Views    
F.A.Q. About Turkish Chemical Regulations   By CRAD CEVRE LTD.STI.
Medical Device sector   By UK Trade & Investment
Healthcare Sector in Turkey   By UK Trade & Investment
Healthcare sector   By UK Trade & Investment
Pharmaceutical sector   By UK Trade & Investment