ANNOUNCEMENTS

2017 Turkish Pharmaceutical Sector Report by QuintilesIMS Turkey was announced by CPhI Istanbul recently. According to the report, Turkey's pharmaceutical market grew by 17 percent compared to 2015, and 2 billion boxes of medicines were sold in Turkey in 2016. The drug market has grown by 12 percent annually over the past 5 years, all sector was excited by foresight of that Turkey will have the position of being the world's 14th largest pharmaceutical market in 2020.

In 2010, pharmaceutical exports stood at 603 million USD. Yet within 6 years, they had surged by 43.1%, bringing figure to 863 million USD. In the same period, the total exports of Turkey grew by 25.2%, bringing the national contribution of the pharmaceutical industry from 0.53% to the 0.60% level.