Turkey Breast Cancer Therapeutics Market Analysis

Turkey Breast Cancer Therapeutics Market Analysis

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Turkey's breast cancer therapeutics market is expected to witness growth from $146 Mn in 2022 to $398 Mn in 2030 with a CAGR of 13.4% for the forecasted year 2022-30 due to rapid advancements in research and development initiatives in Turkey. The market is segmented by therapy, by cancer type, and by distribution channel. EastPharma, Gensenta Pharmaceuticals, and Bristol-Myers Squibb are some of the leading market players in Turkey's breast cancer therapeutics market.

ID: IN10TRPH031 CATEGORY: Pharmaceuticals GEOGRAPHY: Turkey AUTHOR: Parul Choudhary

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Turkey Breast Cancer Therapeutics Market Executive Analysis

Turkey's breast cancer therapeutics market size is at around $146 Mn in 2022 and is projected to reach $398 Mn in 2030, exhibiting a CAGR of 13.4% during the forecast period. In 2020, total health spending in Turkey climbed by 24.3% over the previous year to reach $13,291 Bn. The overall government's health spending increased by 26.3% to $1,056 Bn. The expected cost of healthcare in the private sector was $2,758 Bn, a rise of 17.3%. 2020 saw an increase in current health spending of 23.8% over 2019 to reach $1242 Bn. Investments in healthcare expenses increased by 31.9% to reach $897 Bn.

In Turkey, breast cancer affects more women than any other type of cancer. The incidence of breast cancer varies by region, according to the national data. In the western portion of Turkey, the incidence is 50/100.000, whereas, in the eastern part, it is 20/100.000. In addition, among Turkish women, breast cancer ranks 1 in terms of cancer-related deaths. In Turkey, there isn't a systematic national mammography screening programme. More than 10,000 women between the ages of 40 and 69 participated in Istanbul's Bahcesehir County's first and ongoing coordinated population-based screening programme, which began in 2008. In surgery, the entire breast (mastectomy), the area where the tumour is located, or just the tumour itself (lumpectomy) may be removed. Mastectomy is now viewed as the last resort as lumpectomy is favoured. Neoadjuvant chemotherapy is administered to some patients to minimize tumour burden and simplify surgical procedures. Adjuvant chemotherapy is given to some patients to increase survival and decrease the risk of recurrence after surgery. According to recent studies in Turkey, cryoablation and radiofrequency are also identified as new treatment options for breast cancer.

turkey breast cancer therapeutics market analysis

Market Dynamics

Market Growth Drivers

Leading firms in Turkey are projected to increase their research and development efforts in order to launch a recognised and efficient breast cancer treatment, which will serve as a market driver for Turkey's breast cancer therapeutics market.

Market Restraints

High treatment costs in Turkey and the termination of late-stage clinical studies are anticipated to have a significant negative impact on Turkey's breast cancer therapeutics market.

Competitive Landscape

Key Players

  • Bilim Pharmaceuticals (TUR)
  • Chiesi Farmaceutici (TUR)
  • EastPharma (TUR)
  • Gensenta Pharmaceuticals (TUR)
  • Bristol-Myers Squibb
  • Eli Lilly
  • Halozyme
  • Merck

Healthcare Policies and Regulatory Landscape

There is public health insurance for everyone in Turkey. Free healthcare is available to all inhabitants who have registered with the Social Security Institution (SSI). The Ministry of Health (MoH) controls more than half of hospitals and sets health policies. The SSI contracts with service providers, collects and pools social security premiums, and establishes prices for medical services. Governmental organisations are in charge of other duties like workforce planning and the control of medications and medical devices. For primary, secondary, and tertiary medical services, patients are required to make co-payments at various levels. In order to help low-income individuals with breast cancer pay for their treatment, the government offers financial assistance.

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 Overview Product Applications and Services Recent Developments Partnerships Ecosystem 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

Breast Cancer Therapeutics Segmentation

By Therapy (Revenue, USD Billion):

  • Radiation Therapy
    • Targeted Therapy
      • Ribociclib
      • Abemaciclib
      • Afinitor
      • Everolimus
      • Trastuzumab
      • Olaparib
      • Ado-Trastuzumab Emtansine
      • Palbociclib
      • Pertuzumab
      • Herceptin
      • Tykerb (Lapatinib)
      • Others
  • Hormonal Therapy
    • Selective Estrogen Receptor Modulators (SERMs)
    • Aromatase Inhibitors
    • Estrogen Receptor Downregulators (ERDs)
  • Chemotherapy
    • Taxanes
    • Anthracyclines
    • Anti-metabolites
    • Alkylating Agents
  • Immunotherapy

By Cancer Type (Revenue, USD Billion):

  • Hormone Receptor
  • HER+

By Distribution Channel (Revenue, USD Billion):

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 08 May 2024
Updated by: Anish Swaminathan

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