Turkey Medical Tourism Market is driven on the backbone of easier travel policies, in the forecast period, 2023-2027.
According to TechSci Research report on, “Turkey Medical Tourism Market - By Region, Competition Forecast & Opportunities, 2027”, Turkey medical tourism market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like growing technologies in medical sciences and their availability in the country’s healthcare system.
Surge in the demand for affordable healthcare services aided with the favorable policies and schemes from the government is further driving the growth of the Turkey medical tourism market in the upcoming five years. Increasing instances of chronic diseases and lack of advanced medical services in various countries draws the population to reach countries like Turkey to avail the medical services that is responsible for the growth of the Turkey medical tourism market in the next five years.
Moreover, the government policies that aid various medical procedures that are illegal and invalid in other countries but not in Turkey is also a major driving factor for the growth of Turkey medical tourism market in the future five years.
Availability of numerous advantages which include personalized care, modern devices, improved hospitality, etc., is further expected to bolster the growth of market over the forecast years. The country registered sales gain of over USD2.5 billion in the year 2020 although COVID-19 restrictions were implemented. The factor ensures that the future expansion of the market is also tentative to grow based on these driving factors.
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Government policies, schemes, insurance plans even for the medical tourists also plays a vital role in influencing the industry and is thus responsible for the growth of the Turkey medical tourism market in the forecast period.
The Turkey medical tourism market is segmented by type, treatment type, competitional landscape, and regional distribution.
Based on type, the market is differentiated between inbound and outbound. Inbound medical tourism is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the ground of increased expenditures on the betterment of healthcare in the country.
Moreover, easier regulations from the government and favorable insurance plans for the medical tourists is also influencing the increasing inbound visits of the patients from all around the world thus aiding the growth of the Turkey medical tourism market in the future five years. Outbound medical tourism may also hold significant growth since certain population in the country may require medical attention available in other countries only.
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The outbound travel for the medical purposes may also register significant growth in the upcoming five years on the account of affordable medical procedures in other countries. Though the healthcare facility in the country is very appreciative, but certain medical procedures require in-expensive medical devices and drugs that may not be available in the country thereby multiplying the billing which may not be affordable for certain patients and government aided outbound travel for medical processes gains profit through the same and supports the growth of the Turkey medical tourism market.
Based on treatment type, the market is further bifurcated into orthopedic treatment, gynecological treatment, pediatric treatment, dental treatment, fertility treatment, cosmetic treatment, and others. The cancer treatment segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the ground of increasing instances of cancer among the population.
Orthopedic treatment is the collection of medical procedures that is employed for the any kind of disease, or disorders in the bone structure, spinal cord, and ligament injuries. Rising number of road accidents and sports injuries are aiding the growth of the market segment in the next five years.
Gynecological treatment is the set of medical treatment for the couples who are encountering issues with their pregnancy, and patients struggling with various kinds of urinary, and renal conditions. Rising number of population and the efficacy of the medical procedures that are implemented for the childbirth before and after, is aiding the growth of the significant growth of the gynecological and pediatric treatments.
A partial list of major market players of the Turkey Medical Tourism Market includes:
- The Health Store Turkey
- Dis212 Dental Clinic
- Corlu Vatan Hospital
- CedrusHealth Ltd. Comp.
- Avrupagoz Group
“Turkey benefits most in terms of medical tourism due to its geostrategic position between 3 continents, Asia-Pacific continent, Middle East & GCC countries & European & CIS countries. Within the 4-hour flight distance radius, Turkey has an opportunity to provide health-care services to more than 1.5 billion people. With affordable price, high quality of care and immediate access to world-class treatment, Turkey is flourishing with the inexpensive and lavish healthcare industry. Patients from around the world are inclined toward making a medical procedural trip to the country owing to the advanced healthcare facility of the country. With cost of healthcare as less as 50%-70% lower than the large medical economies like the United States, Germany etc. medical tourism is bound to grow in the upcoming five years. The country also allows visa-free access to the population from over 70 countries that aids the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Turkey Medical Tourism Market By Type (Inbound v/s Outbound) By Treatment Type (Orthopedic Treatment, Gynecological Treatment, Pediatric Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment, Others) By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Turkey medical tourism market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey medical tourism market.
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