The labour costs in the medical and dental instruments and supplies sector in Turkey have shown significant growth over the past decade. Starting from 575.63 million New Turkish Liras in 2013, the costs increased steadily, reaching 2110.0 million in 2023. The year-on-year variation has seen fluctuations, with notable peaks in 2016 (25.88%) and 2019 (28.61%), before stabilizing to around 5% in the recent years leading up to 2023. The Compound Annual Growth Rate (CAGR) over the last five years decreased from 22.69% (2019) to 8.5% (2023), indicating a slowdown in growth velocity.

Future trends to watch for:

Expected continuous increase in labour costs, with forecasts showing a steady rise from 2110.0 million in 2023 to 2650.0 million in 2028.
Reduction in the average annual growth rate, as indicated by the forecast 5-year CAGR of 3.55%.
Potential impact of economic factors including inflation, currency fluctuations, and governmental policies on the medical and dental sector.