Electromedical & Imaging Equipment Manufacturing in Turkey - Market Research Report (2014-2029)

Driven by the increasing demand for high-tech medical devices for diagnostic and treatment purposes, the Electromedical and Imaging Equipment Manufacturing industry has seen reasonably strong demand in recent years. The industry continues to benefit from the ageing of the European population, with more individuals requiring medical attention and advanced healthcare services. Furthermore, poor lifestyle choices like a lack of exercise or poor eating habits are leading to issues like obesity, inflating demand for medical services. Manufacturers’ reliance on foreign trade, particularly with emerging markets in China, India and Brazil, has also been key in driving revenue, despite challenges posed by fluctuating exchange rates. Supply chain disruptions following the COVID-19 outbreak meant many manufacturers faced delays in deliveries of vital components in the production of imaging equipment, especially computer chips. Revenue is anticipated to fall at a compound annual rate of 4.2% over the five years through 2024 to €37.9 billion, including a forecast dip of 4.2% in 2024.