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Emerging Pharmaceutical Markets in Turkey, Q3 2014

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Emerging Pharmaceutical Markets in Turkey, Q3 2014
BMI View: Data released by the Turkish drugmakers association for 2013 sales corresponds with our own forecasts. We have also modified our pharmaceutical sales forecast for 2014 and beyond to reflect the volatile exchange rate situation. We now see Turkey’s lustre as an emerging pharmaceutical market regressing over the medium term. We believe that the business environment will continue to impede the industry and see very little scope for the central government to enact business-friendly reform in the sector. In sum, we believe 2014 will be another disappointing and challenging year for the industry.

Headline Expenditure Projections Pharmaceuticals: TRY17.16bn (USD9.00bn) in 2013 to TRY18.79bn (USD8.37bn) in 2014; +9.5% in local currency and -7.1% US dollar terms.

Healthcare: TRY108.64bn (USD57.01bn) in 2013 to TRY118.15bn (USD52.63bn) in 2014; +8.8% in local currency and -7.7% US dollar terms.
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Table Of Contents

BMI Industry View 7
SWOT 9
Political 11
Economic 13
Business Environment 14
Industry Forecast 15
Pharmaceutical Market Forecast 15
Table: Pharmaceutical Sales, Historical Data And Forecasts (Turkey 2010-2018) 17
Healthcare Market Forecast 18
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Turkey 2010-2018) 19
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Turkey 2010-2018) 19
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Turkey 2010-2018) 20
Prescription Drug Market Forecast 20
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Turkey 2010-2018) 22
Patented Drug Market Forecast 22
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Turkey 2010-2018) 23
Generic Drug Market Forecast 24
Table: Generics Drug Market Indicators, Historical Data And Forecasts (Turkey 2010-2018) 25
OTC Medicine Market Forecast 26
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Turkey 2010-2018) 27
Pharmaceutical Trade Forecast 28
Table: Pharmaceutical Trade Data And Forecasts (Turkey 2012-2018) 29
Table: Pharmaceutical Trade Data And Forecasts local currency (Turkey 2012-2018) 29
Key Risks To BMI's Forecast Scenario 29
Macroeconomic Forecasts 31
Table: Turkey - GDP By Expenditure 38
Industry Risk Reward Ratings 39
Central And Eastern Europe Risk/Reward Ratings 39
Turkey Risk/Reward Ratings 46
Rewards 46
Risks 47
Market Overview 48
Industry Trends And Developments 50
Epidemiology 50
Healthcare Sector 51
Healthcare Insurance 52
Healthcare Infrastructure 52
Healthcare Financing 54
Research & Development 55
Clinical Trials 57
Regulatory Development 59
Intellectual Property Regime 60
Market Access Issues 63
Pricing Regime 64
Table: Turkish Pharmaceutical Pricing Decrees 66
Reimbursement Regime 67
Table: Pharmacist Discount Related To Annual Sales Revenue (VAT Excluded) 68
Competitive Landscape 69
Pharmaceutical Sector 69
Domestic Industry 70
Foreign Industry 71
Company Activity 72
Wholesale 73
Pharmaceutical Retail Sector 74
Company Profile 76
Abdi ?brahim 76
Eczaciba?i Healthcare 80
Sanovel Pharmaceuticals 84
EastPharma (Deva) 87
Mustafa Nevzat Ilac Sanayi (MN) Pharmaceuticals 91
Novartis 95
Pfizer 97
Sanofi 100
GlaxoSmithKline 103
Roche 106
AstraZeneca 109
Bayer 111
Merck & Co 113
Demographic Forecast 115
Demographic Outlook 115
Table: Turkey's Population By Age Group, 1990-2020 ('000) 116
Table: Turkey's Population By Age Group, 1990-2020 (% of population) 117
Table: Turkey's Key Population Ratios, 1990-2020 118
Table: Turkey's Rural And Urban Population, 1990-2020 118
Glossary 119
Methodology 121
Pharmaceutical Expenditure Forecast Model 121
Healthcare Expenditure Forecast Model 121
Notes On Methodology 122
Risk/Reward Ratings Methodology 123
Ratings Overview 124
Table: Pharmaceutical Risk/Reward Ratings Indicators 124
Indicator Weightings 125

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