By 2030, it is anticipated that the Turkey Lung Cancer Therapeutics Market will reach a value of $462 Mn from $238 Mn in 2022, growing at a CAGR of 8.6% during 2022-30. The Lung Cancer Therapeutics Market in Turkey is dominated by a few domestic pharmaceutical companies such as Silanes, Liomont, and PISA. The Lung Cancer Therapeutics Market in Turkey is segmented into different types of cancer and different therapy types. Some of the major factors affecting the Turkey lung cancer therapeutics market are the prevalence of unhealthy lifestyles, demand for targeted therapies, and the presence of highly efficient drugs.
By 2030, it is anticipated that the Turkey Lung Cancer Therapeutics market will reach a value of $462 Mn from $238 Mn in 2022, growing at a CAGR of 8.6% during 2022-30.
Turkey is an upper middle-income, developing transcontinental country located in Southeastern Europe and Southwestern Asia bordering the Black Sea. Lung cancer accounts for 17.6 % of all cancer forms in Turkey. With 41,000 new cases in 2020 and an age-adjusted incidence rate of 41.7 and 8.7 per 100,000 for men and women, Turkey ranks first. The most common subtype is non-small cell histology, which accounts for over 80% of all thoracic malignancies, half of which are adenocarcinomas, and small cell histology accounts for 16.5 %. Lung cancer detection and treatment in Turkey have advanced, as in many other nations throughout the world.
According to the most recent WHO data published in 2020, the number of lung cancer deaths in Turkey reached 35,070, accounting for 9.01 % of all deaths. Turkey ranks third in the world with an age-adjusted death rate of 39.65 per 100,000 inhabitants. Turkey's government spends 4.6% of its GDP on healthcare.
Market Growth Drivers
Currently, 14 Turkish cities have population-based cancer registry facilities, representing 50.2 % of the population. Turkey now has roughly 65,000 lung cancer patients, with a total estimated number of cancer cases related to smoking of approximately 31,000. Furthermore, Turkey benefits from an advantageous geopolitical location as well as a rapid economic rebound following COVID-19, making doing business easier. In 2022, Turkey would have 670 thoracic surgeons (0.79 per 100,000 people) conducting LC surgery in 126 institutions. Medicine prices in Turkey are incredibly low, routinely ranking lower than in several African countries. Radiation oncology is an essential component of the multidisciplinary treatment approach in Turkey. There will be 593 active radiation oncologists by December 2021. These aspects could boost Turkey's Lung Cancer Therapeutics market.
Market Restraints
Diagnostic and therapeutic facilities are not evenly accessible throughout the country, and making modern diagnostic and therapeutic facilities more accessible in rural areas is crucial. Given the high prevalence of lung carcinoma in Turkey, future goals include launching lung cancer screening programmes alongside smoking cessation programmes that are tailored to the country's requirements and resources. The manufacturing sector in Turkey is strongly reliant on imports. These factors may deter new entrants into the Turkey Lung Cancer Therapeutics market.
Key Players
The Turkish Medicines and Medical Devices Agency (TITCK) is the regulatory authority in Turkey in charge of authorising and regulating therapeutic medications. The Turkish Government's Social Security Institution (SSI) reimburses 86 % of the population in the Turkish healthcare system. Turkey boasts one of the world's most admired social security systems, providing its residents with free healthcare and access to a lengthy variety of cutting-edge cancer medications. However, with one of Europe's youngest populations, the system's sustainability is dubious as its exceptionally youthful population ages and cancer incidence rises.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type (Revenue, USD Billion):
By Therapy (Revenue, USD Billion):
By Type of Molecule (Revenue, USD Billion):
By Drug Class (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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