Pharmaceutical in Turkey
The country is one of the top 20 "emerging pharmaceutical markets" and is ranked as the 6th most important market in Europe and 16th worldwide. Turkey is now a Regional Shared Service Center location for the export pharmaceutical industry. However, dependence on imports remains strong: 3.5 billion USD of imports against 900 million USD of exports. The country wants to rebalance its trade balance by increasing its local value-added production and the development of biotechnology, biomaterials and biomedical equipment are at the center of Turkey's priorities.