Turkey Events - Eurasia Healthcare & Medical Technologies Coffee Series
Join the Eurasia Healthcare & Medical Technologies Coffee Series
The Eurasia Healthcare & Medical Technologies Coffee Series will highlight opportunities for U.S. businesses to enter the growing markets of Georgia and Uzbekistan. Participants will receive a market briefing from U.S. commercial officials and enjoy a lively panel discussion with U.S. companies that have entered the market as well as local distributors. The cost to attend each event is $25. Grab a cup of coffee and join us to learn more about the next international market for your company!
Virtual Coffee with Azerbaijan - Register Here
Azerbaijan, a country with a population of 10.3 million, has been transforming its healthcare system and renovating its healthcare infrastructure since 2010. There are 569 public and a similar number of private hospitals in the country. In 2021, universal healthcare insurance was introduced for all citizens covering all inpatient and outpatient treatments. Alongside this effort, some of the basic elements of digital health are also being introduced in the forms of electronic health records and e-prescription. Azerbaijan is a net importer of pharmaceuticals and medical devices. Its major trading partners are the U.S., Turkey, Germany, Japan, and France. According to the UN Comtrade database, Azerbaijan imported $377 million worth of pharmaceuticals in 2020. According to local sources, imports of medical devices (excluding radiology & radiation oncology equipment) was approximately $100 Million; U.S. companies had a 10% in this trade, indicating room for growth.
Virtual Coffee with Georgia - Register Here
The Republic of Georgia, with a population of five million people, is still an untapped market for U.S. medical technologies companies. The country’s healthcare system has undergone numerous reforms since the early 1990s. Since 2013, it has employed an almost-universal healthcare system, although services are provided by the private sector. In 2020, total healthcare expenditure in Georgia amounted to $1.3 billion, accounting for eight percent of the country’s GDP. Georgia imported $143 million worth of medical devices and U.S. companies supplied only three percent of this total. There is a strong interest from Georgian hospitals for U.S. technologies, and U.S. companies can easily take market share from competitors from other countries if they have strong distributors in this market.
Virtual Coffee with Uzbekistan - Register Here
With a population of 34 million, Uzbekistan has the potential to become one of the largest healthcare markets in Central Asia. The Uzbekistani government has introduced various healthcare reforms since 2017 to improve the quality of healthcare services, to encourage private sector involvement in infrastructure, and to initiate a telemedicine system to reach distant parts of the country. In 2020, healthcare expenditure in the country reached $1.9 billion; close to 10 percent of this total was spent on procurement of pharmaceuticals and medical devices. According to the U.S. Census, the U.S. exported $4.8 million worth of medical technologies to Uzbekistan in 2020—166 percent growth in just two years, which places the U.S. in fourth position in the market.
Interested in joining all events? – Register Here
Questions? Please email ebru.olcay@trade.gov and/or andrew.glass@trade.gov
