Forecast: Community Pharmacy Market in Türkiye (Turkey)

Between 2013 and 2023, the Community Pharmacy Market in Türkiye exhibited fluctuations with an overall declining trend. Notably, the market value in 2023 stood at 30.6 units of generics in value. The year-on-year variations highlight significant declines in 2015 (-12.68%) and 2020 (-7.95%), while there were minor growths in 2016 (6.08%) and 2019 (3.81%). The CAGR over the last five years up to 2023 illustrates a slight annual decrease of -0.58%. The forecasted period from 2024 to 2028 suggests a continued marginal decline, with an estimated 5-year CAGR of -0.07%, indicative of market stabilization rather than significant growth or decline.

Future trends to watch for include:

  • Potential impacts of healthcare policies and regulations on the generic medicine market.
  • Adoption of digital health technologies and their influence on pharmacy operations.
  • Evolving consumer preferences towards over-the-counter and personalized medications.

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