Turkey's Bioinformatics market is projected to grow from $122.8 Mn in 2022 to $425.34 Mn by 2030, registering a CAGR of 16.80% during the forecast period of 2022-30. The main factors driving the growth would be the growing biotechnology industry, government support, and increasing demand for precision medicine. The market is segmented by technology and by application. Some of the major players include Erlab Technology (TUR), Iontek (TUR), Seven Bridges Genomics, Qiagen, and Bruker Corporation.
Turkey's Bioinformatics market is projected to grow from $122.8 Mn in 2022 to $425.34 Mn by 2030, registering a CAGR of 16.80% during the forecast period of 2022-30. In 2019, national healthcare spending in Turkey as a percentage of GDP was 4.34% achieving $396 per capita. In Turkey, health spending per person increased from 154 US dollars in 2001 to 571 US dollars in 2008, but between 2008 and 2019, it decreased by an average of 1.81% year.
Bioinformatics is the management and analysis of biological data using computer technology. It entails gathering, analyzing, and disseminating biological data. In order to determine the functions of genes and proteins, identify evolutionary relationships, and predict the three-dimensional forms of proteins, computer programs are used. The bioinformatics market in Turkey is still relatively small and developing compared to established markets like the US and Europe.
Market Growth Drivers
The Turkey bioinformatics market is expected to be driven by factors such as the growing biotechnology industry, government support, and increasing demand for precision medicine. Moreover, Turkey's expanding patient population and use of electronic health records may result in more data being available for bioinformatics study and analysis, which could in turn drive the growth of bioinformatics in the country.
The factors which are limiting the growth of the bioinformatics market in Turkey are a shortage of skilled professionals and a lack of infrastructure and resources for bioinformatics. Also, large patient data sets may not be readily available in Turkey for bioinformatics research and analysis, which would hinder the sector's expansion.
December 2021: Erlab announced the acquisition of Noroit, a french manufacturer of biological safety cabinets, laminar airflow enclosures, etc. With this acquisition, customers can expect ERLAB to introduce an unprecedented range of new filtration technologies, providing a holistic product offering spanning across multiple scientific disciplines like chemistry, biochemistry, healthcare, and environmental pollution. This acquisition signals the company's commitment to innovation, safety, and quality, which it will continue to uphold.
The comprehensive healthcare system in Turkey is governed by a number of laws and rules. The Ministry of Health, which is in charge of the system's general management and administration, oversees the Turkish healthcare system. The government provides access to healthcare services for all citizens under the universal coverage principle that underpins the healthcare system. The public hospital system, primary care clinics, and specialty clinics form the backbone of the healthcare system. The healthcare services offered by private hospitals and clinics are likewise subject to government regulation.
The requirements for medical education and the procedures for healthcare provider accreditation are among the policies and guidelines that the Ministry of Health establishes for the healthcare system. The Ministry is also in charge of setting the rates for medicines, medical equipment, and other health-related goods. It is also in charge of paying for citizens' medical bills.
The Ministry of Health also controls how medical information is used and handled, including the security and privacy of patient data to be used for bioinformatics. The Ministry is also in charge of enforcing the Medical Devices and Pharmacy Act, which governs the licensing of pharmacies, the production of medications, and the registration, import, and distribution of medical devices.
In Turkey, the Ministry of Health is largely responsible for providing healthcare services. The government also controls how healthcare services are reimbursed. In Turkey, the Social Security Institution (SSI) is primarily in charge of paying for medical treatments. Prescription medications, preventive services, inpatient and outpatient care, and a wide range of other services are all covered. Patients are asked to provide a small co-payment for some services; however, the SSI pays for the majority of the expenditures. Turkish citizens can also purchase private health insurance, which can pay for extra services not covered by the SSI.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 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)
220.127.116.11 Product Applications and Services
18.104.22.168 Recent Developments
22.214.171.124 Partnerships Ecosystem
126.96.36.199 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Technology (Revenue, USD Billion):
By Application (Revenue, USD Billion):
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