The Market for Rubber Medical Devices in Turkey (April 2013)

165 pages. Turkey has seen rapid social and economic developments in recent years. Between 2007 and 2011, its economy grew by a CAGR of 4.6%. The country is currently ranked as an upper-middle income country by the World Bank, with GNI per capita estimated at USD10,830 in 2012. It has a relatively large population of around 75 million, which grew at 1.3% per year between 2007 and 2011. Rising affluence, an ageing population and increasing awareness of healthcare needs in line with European standards are viewed as major contributing factors to the increasing demand for quality healthcare services and products, including rubber medical devices, in the country. As most of the rubber medical devices in Turkey are imported, these are positive indicators for Malaysian exporters and manufacturers. The overall market for these products is expected to expand by a CAGR of 9.3% for the forecasted period of 2012-2015. This report examines the market potential for rubber medical devices in Turkey including the market size, domestic production and trade in rubber medical devices in the country. The report also includes relevant information on the development of the rubber medical devices industry, distribution channels, regulatory environment and procurement policies.