Turkey's pharmaceutical industry forecast to reach $5.53 billion by 2020; report

18 August 2016

The pharmaceutical market in Turkey is set to rise from $5 billion in 2015 to $5.53 billion by 2020, representing a compound annual growth rate of 2%.

According to research and consulting firm GlobalData’s latest report, Turkey’s pharmaceutical market has changed extensively over the past decade due to the Health Transformation Program – introduced by the government in 2003 – and has become one of the country’s most progressive sectors.

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