The pharmaceutical industry imports in Türkiye have shown a steady increase in the forecasted period from 2024 to 2028. In 2023, the actual import value was USD 8.25 billion. The forecasted data indicates a year-on-year growth with the following percentage increases: - 2024: 9.2%- 2025: 8.9%- 2026: 8.1%- 2027: 7.3%- 2028: 6.8%The Compound Annual Growth Rate (CAGR) over the forecasted 5-year period stands at 8.06%, demonstrating a robust upward trend in pharmaceutical imports.
Future trends to watch for include the impact of global economic conditions on import capacity, changes in healthcare policies, domestic pharmaceutical production capabilities, fluctuations in currency exchange rates, and the potential for increased demand driven by aging population and expanded healthcare access.
