Turkey Medical Tourism Market to Grow Due to Technological Advancement until 2027
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.
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.
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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.
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 UAE syringe pumps market
includes
·
The Health
Store Turkey
·
Dis212
Dental Clinic
·
Dentway
·
DentOdream
·
Corlu
Vatan Hospital
·
CedrusHealth
Ltd. Comp.
·
Avrupagoz
Group
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“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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