Turkey Radiotherapy Market Analysis

Turkey Radiotherapy Market Analysis

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By 2030, it is anticipated that the Turkey Radiotherapy Market will reach a value of $91 Mn from $55 Mn in 2022, growing at a CAGR of 6.5% during 2022-2030. The Radiotherapy Therapeutics Market in Turkey is dominated by a few domestic players such as Tecnologia en Radioterapia, Medical Plus, and Grupo Gamma. The radiotherapy market in Turkey is segmented into different types, technologies, procedures, applications, and end-users. The major risk factors associated with awareness of radiotherapy shortage of skilled staff, government initiatives, and reimbursement policy. The demand for Turkey Radiotherapy is increasing on account of the rise in cancer cases in the country.

ID: IN10TRPH043 CATEGORY: Pharmaceuticals GEOGRAPHY: Turkey AUTHOR: Dr. Vishwa Modhia

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Turkey Radiotherapy Market Analysis Summary

By 2030, it is anticipated that the Turkey Radiotherapy Market will reach a value of $91 Mn from $55 Mn in 2022, growing at a CAGR of 6.5% during 2022-30.

Turkey is an upper middle-income, developing transcontinental country located in Southeastern Europe and Southwestern Asia bordering the Black Sea. Acibadem is a well-known name in Turkish medicine. According to the most recent WHO figures, there will be 2,33,834 new cancer cases in Turkey in 2020. The cancer registry conducts epidemiological studies on behalf of the Ministry of Health and creates Turkey's cancer control policies and national programs.

Turkey boasts one of the most well-known social security systems in the world, with free healthcare and access to cutting-edge cancer treatments. Turkey's government spent 4.6% of its GDP on healthcare in 2020.

Turkey Radiotherapy Market Analysis

Market Dynamics

Market Growth Drivers Analysis

The Ministry of Health established the National Cancer Control Program with the purpose of avoiding cancer, finding it early, delivering high-quality treatment, and enhancing the quality of life of cancer patients. Radiation oncology is an important component of the multidisciplinary treatment strategy in Turkey. There will be 593 active radiation oncologists by December 2021. With an increasing number of patients seeking high-quality, low-cost cancer care, Turkey has become a popular medical tourism destination. These aspects could boost Turkey's, Radiotherapy Market.

Market restrains.

In general, Turkey's radiation oncology facilities are developing, with more radiotherapy centres and precise technology than ever before, however, there is a large regional disparity in equipment distribution. Oncology surgeries in Turkey cost an average of $65,250. The high cost of the treatment may limit its affordability and accessibility among patients. Diagnostic and therapeutic facilities are not evenly spread throughout the country, and it is vital to provide access to modern diagnostic and therapeutic facilities in rural areas. These factors may deter new entrants into the Turkey Radiotherapy Market.

Competitive Landscape

Key Players

  • Asel-Tek Medical - Asel-Tek Medical is a Turkish company that specializes in the design, manufacture, and installation of radiation therapy equipment such as linear accelerators and CT simulators
  • Meditek Elektronik - Meditek Elektronik is a Turkish company that produces and distributes medical equipment, including radiation therapy equipment such as linear accelerators and brachytherapy systems
  • Genmed Medical - Genmed Medical is a Turkish company that offers a range of medical equipment, including radiation therapy equipment such as linear accelerators and CT simulators
  • TESAN - TESAN is a Turkish company that produces and distributes medical equipment, including radiation therapy equipment such as linear accelerators and brachytherapy systems

Notable Recent Deals

April 2023: Acibadem Healthcare Group, Turkey's leading cancer treatment provider, proudly unveils the ground-breaking ETHOS radiation therapy device. This cutting-edge linear accelerator uses artificial intelligence (AI) to improve radiotherapy precision, adaptability, and efficiency. Acibadem, the first healthcare provider in Turkey and the area to offer ETHOS therapy continues to set the standard for innovative cancer treatment.

Healthcare Policies and Reimbursement Scenarios

In Turkey, the regulations and reimbursement of radiotherapy are overseen by the Ministry of Health and the Social Security Institution (SSI). The Turkish Society for Radiation Oncology (TROD) is the main professional organization for radiation oncologists in Turkey and works closely with the Ministry of Health to develop guidelines and standards of practice for radiotherapy. The SSI is responsible for administering the public healthcare system in Turkey, including reimbursement for radiotherapy services.

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

Radiotherapy Segmentation

By Type (Revenue, USD Billion):

  • External Beam Radiation Therapy
  • Linear Accelerators
  • Compact Advanced Radiotherapy Systems
  • Cyberknife
  • Gamma Knife
  • ?Tomotherapy
  • Proton Therapy
  • Cyclotron
  • ?Synchrotron
  • Internal Beam Radiation Therapy
  • Brachytherapy
  • Seeds
  • Applicators and Afterloaders
  • Electronic Brachytherapy
  • Systemic Radiation Therapy
  • ?Others

?By Technology (Revenue, USD Billion):

  • External Beam Radiotherapy
  • Intensity-Modulated Radiation Therapy (IMRT)
  • Image-Guided Radiation Therapy (IGRT)
  • Stereotactic Radiation Therapy (SRT)
  • 3D Conformal Radiation Therapy (3D-CRT)
  • Particle Therapy
  • Internal Beam Radiotherapy
  • Brachytherapy
  • High-Dose Rate Brachytherapy
  • Low-Dose Rate Brachytherapy
  • Image-Guided Brachytherapy
  • Pulse-Dose Rate Brachytherapy
  • Systemic Radiation Therapy
  • Intravenous Radiotherapy
  • Oral Radiotherapy?

By Application (Revenue, USD Billion):

  • Breast Cancer
  • Cervical Cancer
  • Colon and rectum Cancers
  • Stomach Cancer
  • Lung Cancer
  • Prostate Cancer
  • Skin Cancer
  • Liver Cancer
  • Other types of cancer

By End User (Revenue, USD Billion):

  • Hospitals
  • Radiotherapy Centers & Ambulatory Surgery Centers
  • ?Cancer Research Institutes

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

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

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

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This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 25 October 2023
Updated by: Shivam Zalke

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