The market is dominated by foreign suppliers, as imports account for 67.4% of total market size in 2023. Investments drive market demand, with investments representing 54.4% of total demand in 2023. Turkey has the eighth largest market size for medical and surgical equipment regionally, with demand reaching USD4.5 billion in 2023. Bicakcilar Tibbi Cihazlar San ve Tic AS is the largest company in Turkey, generating 2.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.5% of total production value in 2023. The total number of companies increases in 2023, to 8,566 units. The costs of the industry increase by 23.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 28.0% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 29.7% of total production output. With production value of USD2.3 billion, Turkey accounts for 1.7% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Medical and Surgical Equipment in Turkey: ISIC 3311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Medical and Surgical Equipment in Turkey: ISIC 3311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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