Dentistry in Türkiye
Due to its globalization process and EU membership application, Türkiye has been experiencing many changes. In particular, economic and political reforms have provided Türkiye with a new vision and an increased awareness and willingness to follow new developments.
EU membership will boost foreign investment and annual GDP and increase the income of the middle class.
As a result of these developments, the demand for dental services and providers of dental equipment have increased, thus causing an increase in the number of dentists and dental clinics. The estimated market growth rate is 8-10% annually with no import tax.
Currently, there are about 30.000 dentists in Türkiye, with another 2,000 added every year. Serving a population of 78 million, Turkish dentists are eager to implement the latest in technology and materials so they keep up with dental events.
WHY TÜRKİYE?
SUCCESSFUL ECONOMY
Booming economy (USD 230 billion to USD 820 billion GDP from 2002 to 2012) • Sustainable economic growth (5.1 percent annual average real GDP increase for the last 10 years) • 16th largest economy in the world and 6th largest economy compared to the EU area in 2013 • Institutionalized economy fueled by over USD 94 billion of FDI in the last 8 years and ranked as the 15th most attractive FDI destination for 2008-2010 (UNCTAD).
Booming economy (USD 230 billion to USD 820 billion GDP from 2002 to 2012) • Sustainable economic growth (5.1 percent annual average real GDP increase for the last 10 years) • 16th largest economy in the world and 6th largest economy compared to the EU area in 2013 • Institutionalized economy fueled by over USD 94 billion of FDI in the last 8 years and ranked as the 15th most attractive FDI destination for 2008-2010 (UNCTAD).
POPULATION & QUALIFIED LABOR FORCE
A population of 75 million people • Largest youth population compared with the EU (Median age 28.8) • Over 24.7 million young, well-educated and motivated professionals • 5th largest labor force compared with the EU • Approximately 450,000 graduates from circa 150 universities • Around 550,000 high school graduates, including one third from vocational and technical high schools.
A population of 75 million people • Largest youth population compared with the EU (Median age 28.8) • Over 24.7 million young, well-educated and motivated professionals • 5th largest labor force compared with the EU • Approximately 450,000 graduates from circa 150 universities • Around 550,000 high school graduates, including one third from vocational and technical high schools.
LARGE DOMESTIC MARKET
30 million internet users in 2009, up from 4 million in 2002 • 63 million GSM users in 2009, up from 23 million in 2002 • 44.4 million credit card users in 2009, up from 16 million in 2002 • Over 85 million airline passengers in 2009, up from 33 million in 2002 • 27.3 million international tourist arrivals in 2009, up from 13 million in 2002
30 million internet users in 2009, up from 4 million in 2002 • 63 million GSM users in 2009, up from 23 million in 2002 • 44.4 million credit card users in 2009, up from 16 million in 2002 • Over 85 million airline passengers in 2009, up from 33 million in 2002 • 27.3 million international tourist arrivals in 2009, up from 13 million in 2002
CENTRALLY LOCATED
A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets • Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa • Access to multiple markets worth USD 22 trillion of GDP.
A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets • Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa • Access to multiple markets worth USD 22 trillion of GDP.
CUSTOMS UNION WITH THE EU SINCE 1996
Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 16 countries • More FTAs underway o Accession negotiations with the EU since 2005.
Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 16 countries • More FTAs underway o Accession negotiations with the EU since 2005.
For more info visit www.invest.gov.tr
06.09.2014