Historical data shows the community pharmacy market in Türkiye has experienced slight fluctuations in volume of generics, ranging from a high of 55.5 units in 2019 to a low of 52.2 units in 2015. In 2023, the volume stood at 52.8 units, unchanged from 2022. The compound annual growth rate (CAGR) over the past 5 years up to 2023 indicates a minor decline at -0.56% per year.
Looking forward, forecasts from 2024 onwards project a steady volume, hovering around 52.7 units, with the overall market expected to experience a slight reduction in volume, as indicated by a forecasted 5-year CAGR of -0.04%. The long-term trend suggests a relatively stable market with minor year-on-year variations.
Future trends to watch for include:
- Potential impacts of government policies and healthcare reforms
- Technological advancements and digitalization in pharmacy services
- Changes in consumer behavior and preferences toward generic drugs
- Economic factors influencing healthcare expenditure and pharmaceutical consumption