Import of instruments and appliances used in dentistry to Turkey stood at 58.776 million USD in 2023, reflecting a year-on-year growth of 2.49%. From 2022 to 2023, the market has shown a steady increase of 0.6% and 2.49% respectively which indicates consistent demand. Over the past five years, the compound annual growth rate (CAGR) has been approximately 3.4%, showing a moderate growth trend. Notably, between 2018 and 2020, the market experienced fluctuating changes, with a significant decline of 7.46% in 2018 but recovery trends are visible thereafter.
Future trends to watch for include:
- The forecast from 2024 to 2028 indicates a slower growth rate with an estimated CAGR of 1.71%.
- Given the historical data, the market may experience moderate but stable increments, possibly due to advancements in dental technology and increasing healthcare demands.
- Policy changes, economic conditions, and technological innovations will be pivotal factors influencing the future market dynamics.