Turkey Neurology Clinical Trials Market Analysis

Turkey Neurology Clinical Trials Market Analysis

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The Turkey Neurology Clinical Trials market is projected to grow from $41.8 Mn in 2022 to $66.7 Mn by 2030, registering a CAGR of 6% during the forecast period of 2022 - 2030. The market will be driven by the rising frequency of neurological illnesses such as Alzheimer's, Parkinson's, and stroke and rising investment in research facilities. The market is segmented by phase, by study design & by indication. Some of the major players include Pfizer Inc., Novartis AG & Abdi İbrahim.

ID: IN10TRCT005 CATEGORY: Clinical Trials GEOGRAPHY: Turkey AUTHOR: Vidhi Upadhyay

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Turkey Neurology Clinical Trials Market Executive Summary

The Turkey Neurology Clinical Trials market is projected to grow from $41.8 Mn in 2022 to $66.7 Mn by 2030, registering a CAGR of 6% during the forecast period of 2022 - 2030. According to data provided by clinicaltrials.gov, 903 clinical studies were launched in Türkiye between September 1, 2021, and September 1, 2022. Neurology has the highest proportion (105), followed by oncology (95) and orthopaedics (71). Alzheimer's and dementia fatalities in Turkey reached 17,308 in 2020, accounting for 4.45% of total deaths, according to the most recent WHO statistics. Turkey ranks 69 in the world with an age-adjusted death rate of 19.07 per 100,000 inhabitants. In Turkey, around 81,500 new acute ischemic strokes (AIS) were reported in 2019. IS was responsible for 65.1% of all strokes. 14.1% of those with IS were under the age of 50, 55.7% were under the age of 70, and 54.3% were women.

In recent years, the area of neurology clinical trials in Turkey has grown substantially. Turkey has become an increasingly desirable site for clinical trials, especially those in the area of neurology. The Turkish government has also developed measures to assist clinical research, such as attempts to enhance R&D funding and improve regulatory procedures. This has made it simpler for researchers in the nation to conduct clinical trials and has encouraged more industrial partners to participate in research initiatives. Many studies are underway, including those for the treatment of Alzheimer's disease, Parkinson's disease, multiple sclerosis, and epilepsy, including stroke by healthcare facilities such as Istanbul University, Istanbul Medical Faculty, Ankara University, Faculty of Medicine, Acıbadem Healthcare Group, Koç University Hospital & Istanbul Florence Nightingale Hospital.

Turkey Neurology Clinical Trials Market

Market Dynamics

Market Growth Drivers

The country's rising investment in research facilities and resources is one of the primary factors. Turkish medical institutes and research institutions are drawing renowned researchers from all over the globe, and they are outfitted with cutting-edge equipment and technology to facilitate innovative clinical trials. Another major driver is Turkey's huge and diversified patient population, which is especially useful for clinical trials requiring a high number of participants or targeting certain communities. Moreover, due to its geographical position, Turkey is a good place for clinical trials involving patients from Europe, Asia, and the Middle East. The Turkish government has also developed measures to assist clinical research, such as attempts to enhance R&D funding and improve regulatory procedures. This has made it simpler for researchers in the nation to conduct clinical trials and has encouraged more industrial partners to participate in research initiatives.

Market Restraints

One of the most significant issues is a shortage of qualified clinical research workers, which may cause delays in trial execution and data processing. Also, increased patient knowledge and education regarding clinical trials are required, as well as more public-private collaborations to aid in the development of novel treatments and cures. Researchers may have limited access to funding for clinical investigations, limiting market development. Such factors may slow down the growth of the Neurology clinical trials market in Turkey.

Competitive Landscape

Key Players

  • Pfizer Inc.
  • Novartis AG
  • Sanofi
  • AstraZeneca
  • Abdi İbrahim (TUR)
  • Deva Holding A.S. (TUR)
  • Mustafa Nevzat (TUR)

Healthcare Policies and Regulatory Landscape

The Turkish Medicines and Medical Devices Agency, or TMMDA, is the primary regulatory organisation engaged in clinical trials. The agency's duty is to monitor and analyse human medicine clinical trials to ensure that they are safe and in accordance with international standards and guidelines. The research must also be approved by the ethics committee. A single ethics committee from a participating location is enough to approve the whole trial. This kind of ethics committee serves as a central ethics committee, approving research designs that adhere to sound clinical practises and suitable ethical norms.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation 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)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation

6. Methodology and Scope

Neurology Clinical Trials Market Segmentation

By Phase (Revenue, USD Billion):

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

By Study Design Outlook (Revenue, USD Billion):

  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others

By Indication Outlook (Revenue, USD Billion):

  • Interventional
  • Observational
  • Expanded Access

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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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Stage III: Interpretation and Presentation

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 14 March 2023
Updated by: Vidhi Upadhyay

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