The market is dominated by foreign suppliers, as imports account for 71.4% of total market size in 2023. Government drives market demand, with government spending representing 89.0% of total demand in 2023. Turkey has the ninth largest market size for pharmaceuticals regionally, with demand reaching USD21.3 billion in 2023. Abdi Ibrahim Ilaç San ve Tic AS is the largest company in Turkey, generating 4.8% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 16.1% of total production value in 2023. The total number of companies increases in 2023, to 569 units. The costs of the industry increase by 18.1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 42.3% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 29.4% of total production output. With production value of USD5.9 billion, Turkey accounts for 0.9% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Pharmaceuticals in Turkey: ISIC 2423. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pharmaceuticals in Turkey: ISIC 2423 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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