Turkey Medical Device Market Analysis and Forecast 2019-2028
- Report ID: 56108
- Date: Dec, 2022
- Pages: 110
- Category: Medical Devices
Turkey Medical Device Market Analysis and Forecast 2019-2028
Turkey medical device market is expected to witness a growth rate of around 3.7% during the forecast period of 2022-2028. With a population of over 82 million, a well-established public and private healthcare system in Turkey is accessible and equitable to every resident. Turkey is one of the prominent markets for medical devices in the Middle East & North Africa (MENA) region. According to the data published by the Turkey Government, around 80% of Turkey’s medical devices are imported, of which nearly 20% are imported from the US.
Strong macroeconomic growth, increasing disposable income, a rapidly growing population, government support through manufacturing and R&D incentives, and technological advancements in medical devices like smart medical devices are some of the key factors propelling the demand for medical devices in Turkey.
In August 2021, Hungarian medical device manufacturer Medicor announced to invest US$ 2.4 million for incubator production in the Turkish capital Ankara. This investment is one of the pioneering steps for economic and trade cooperation between Turkey and Hungary.
Market Segmentation
Turkey medical device market has been analyzed on the basis of type and end use. On the basis of type, the Turkey medical device market is segmented into patient aids, dental products, orthopedics & prosthetics, diagnostic imaging, consumables, and others. The Consumable segment is anticipated to witness considerable growth during the forecast period.
Based on end use the market is categorized into hospitals, clinics, diagnostic centers, research laboratories, and others. Among these, hospital segment is expected to experience significant growth in the coming years. Geographically, the market covers the analysis of North Turkey, South Turkey, West & Central Turkey, and East Turkey.
Market structure and competitive landscape
Turkey medical device market is fragmented in nature with the presence of around 6000 companies in the market including Medium and Large scaled companies, manufacturers, exporters, and suppliers. Some of the prominent players that contribute significantly to the Turkey medical device market include, Medtronic plc, Dentac, Umg Uysal, Ayset Medical Urunler San. A.S., RD Global & Invamed, Oruba Medical Technology, TST Medical Devices, Hegeli Orthopedics Ltd., Tulpar Medical Solutions, and others.
These companies adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships, and collaborations are some of the strategies followed by industry players.
Some of the key developments in the Turkey medical device market include,
• In September 2021, Turkey-based international medical technology firm RD Global & Invamed has completed the buying of orthopedic implant manufacturer Prosim to expand its global operations. The company has expanded its scope by adding orthopedics to its expertise.
Turkey Medical Device Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Turkey Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Medical Device Market Manufacturers
6.3.2. Medical Device Market Suppliers
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Turkey Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Parent Market Overview: Turkey Healthcare Market
10. Segmental Analysis
10.1. Turkey Medical Device Market by Type
10.1.1. Segment Overview
10.1.1.1. Patient aids
10.1.1.2. Dental Products
10.1.1.3. Orthopedics & Prosthetics
10.1.1.4. Diagnostic Imaging
10.1.1.5. Consumables
10.1.1.6. Others (Blood Pressure Monitors, Endoscopy Apparatus, etc.)
10.2. Turkey Medical Device Market by End Use
10.2.1. Segment Overview
10.2.1.1. Hospitals
10.2.1.2. Clinics
10.2.1.3. Diagnostic Centers
10.2.1.4. Research Laboratory
10.2.1.5. Others (Pharmaceutical Companies etc.)
10.3. Turkey Medical Device Market by Region
10.3.1. North Turkey
10.3.2. South Turkey
10.3.3. West and Central Turkey
10.3.4. East Turkey
11. Regional Analysis
11.1. North Turkey Medical Device Market Analysis and Forecast 2019-2028
11.1.1. Regional Market Overview and Key Takeaways
11.1.2. North Turkey Medical Device Market by Type
11.1.3. North Turkey Medical Device Market by End Use
11.2. South Turkey Medical Device Market Analysis and Forecast 2019-2028
11.2.1. Regional Market Overview and Key Takeaways
11.2.2. South Turkey Medical Device Market by Type
11.2.3. South Turkey Medical Device Market by End Use
11.3. West and Central Turkey Medical Device Market Analysis and Forecast 2019-2028
11.3.1. Regional Market Overview and Key Takeaways
11.3.2. West and Central Turkey Medical Device Market by Type
11.3.3. West and Central Turkey Medical Device Market by End Use
11.4. East Turkey Medical Device Market Analysis and Forecast 2019-2028
11.4.1. Regional Market Overview and Key Takeaways
11.4.2. East Turkey Medical Device Market by Type
11.4.3. East Turkey Medical Device Market by End Use
12. Competitive Landscape
12.1. Competition Dashboard
12.1.1. Turkey and Regional Market Share Analysis
12.1.2. Market Structure
12.2. Competitive Benchmarking
12.3. Key Strategy Analysis
12.4. Manufacturers Cluster Analysis
12.5. Company Profiles
12.5.1. Medtronic plc
12.5.1.1. Company Overview
12.5.1.2. Product/Service Offerings
12.5.1.3. Key Financials
12.5.1.4. Recent Developments
12.5.2. Stryker Corp.
12.5.2.1. Company Overview
12.5.2.2. Product/Service Offerings
12.5.2.3. Key Financials
12.5.2.4. Recent Developments
12.5.3. GE Healthcare
12.5.3.1. Company Overview
12.5.3.2. Product/Service Offerings
12.5.3.3. Key Financials
12.5.3.4. Recent Developments
12.5.4. 3M Co.
12.5.4.1. Company Overview
12.5.4.2. Product/Service Offerings
12.5.4.3. Key Financials
12.5.4.4. Recent Developments
12.5.5. Dentac
12.5.5.1. Company Overview
12.5.5.2. Product/Service Offerings
12.5.5.3. Key Financials
12.5.5.4. Recent Developments
12.5.6. Umg Uysal
12.5.6.1. Company Overview
12.5.6.2. Product/Service Offerings
12.5.6.3. Financials
12.5.6.4. Recent Developments
12.5.7. Ayset Medical Urunler San. A.S.
12.5.7.1. Company Overview
12.5.7.2. Product/Service Offerings
12.5.7.3. Financials
12.5.7.4. Recent Developments
12.5.8. Oruba Medical Technology
12.5.8.1. Company Overview
12.5.8.2. Product/Service Offerings
12.5.8.3. Financials
12.5.8.4. Recent Developments
12.5.9. TST Medical Devices
12.5.9.1. Company Overview
12.5.9.2. Product/Service Offerings
12.5.9.3. Financials
12.5.9.4. Recent Developments
12.5.10. Hegeli Orthopedics Ltd
12.5.10.1. Company Overview
12.5.10.2. Product/Service Offerings
12.5.10.3. Financials
12.5.10.4. Recent Developments
12.5.11. Dehas Medical Co
12.5.11.1. Company Overview
12.5.11.2. Product/Service Offerings
12.5.11.3. Financials
12.5.11.4. Recent Developments
12.5.12. Altan Industrial and Laboratory Appliances Trd
12.5.12.1. Company Overview
12.5.12.2. Product/Service Offerings
12.5.12.3. Financials
12.5.12.4. Recent Developments
12.5.13. TULPAR Medical Solutions
12.5.13.1. Company Overview
12.5.13.2. Product/Service Offerings
12.5.13.3. Financials
12.5.13.4. Recent Developments
12.5.14. Ortpar Orthopedic Parts Industry Co. Ltd
12.5.14.1. Company Overview
12.5.14.2. Product/Service Offerings
12.5.14.3. Financials
12.5.14.4. Recent Developments
12.5.15. Imicryl Dental
12.5.15.1. Company Overview
12.5.15.2. Product/Service Offerings
12.5.15.3. Financials
12.5.15.4. Recent Developments
12.5.16. Dünya Dental
12.5.16.1. Company Overview
12.5.16.2. Product/Service Offerings
12.5.16.3. Financials
12.5.16.4. Recent Developments
12.5.17. Promida Dental
12.5.17.1. Company Overview
12.5.17.2. Product/Service Offerings
12.5.17.3. Financials
12.5.17.4. Recent Developments
12.5.18. XERA
12.5.18.1. Company Overview
12.5.18.2. Product/Service Offerings
12.5.18.3. Financials
12.5.18.4. Recent Developments
12.5.19. MetaMed
12.5.19.1. Company Overview
12.5.19.2. Product/Service Offerings
12.5.19.3. Financials
12.5.19.4. Recent Developments
12.5.20. RD Global & Invamed
12.5.20.1. Company Overview
12.5.20.2. Product/Service Offerings
12.5.20.3. Financials
12.5.20.4. Recent Developments
13. Disclaimer
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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