TechNavio today launched its report Pharmaceuticals Market in Turkey 2011-2015 based on an in-depth study focusing exclusively on Turkey. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said; ”The industry standards of the Pharmaceuticals market in Turkey are in line with the European Union (EU) norms. This has resulted in increasing investments in the market by several multinationals and companies from Europe and the Middle East. Presently, the Pharmaceuticals market in Turkey is concentrated in the Istanbul, Kocaeli, and Tekirdag regions, because of the better infrastructure, easier availability of workforce, and other amenities in these regions. Since the market is growing at an excellent CAGR, several foreign companies are showing interest in investing in the market, and more companies are expected to enter the market during the forecast period. This would also result in an increase in exports. This trend has a high impact on the overall market.”
According to the report, in Turkey, there has been a steep increase in the incidence of various diseases such as cardiovascular disease (CVD), diabetes, arthritis, cancer, respiratory diseases, thyroid, neurological diseases, and several heart diseases. Moreover, the diseases are becoming more prevalent among the aged population in Turkey. This could create a significant demand for various pharmaceutical products. Thus, the increase in prevalence of diseases has a strong impact in the market.
Further, the report also discusses that although patent expiration will give rise to the growth of the Generic Drugs market, the sales of patented drugs would remain stable or reduce.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/i1TyL
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TechNavio Announces the Publication of its Report – Pharmaceuticals Market in Turkey 2011-2015
