Turkey Medical Tourism Market to grow at a CAGR of 12.23% to reach USD2,979.41 Million by 2027
Advancing healthcare services and favorable government
policies are expected to drive the demand for Turkey medical tourism market in
the forecast period, 2023-2027.
According to TechSci Research report, “Turkey Medical Tourism - By Region, Forecast and Opportunities, 2017-2027”, the Turkey Medical Tourism stood at USD1497.07 million in 2021 and is
expected to grow at the rate of 12.23% during the forecast period. The increasing
number of medical cities in Turkey, rising technological advancements in
healthcare system, the rising rate of affordable medical services in the
country and government support for medical facilities are the primary factors
driving the demand for the Turkey Medical Tourism market. Most healthcare
professionals are fluent in foreign languages, and many doctors are involved in
academic collaboration with the United States and European countries and
contribute to writing of various studies and international guidelines and
standards. In addition, due to this rapid expansion of the hospitals and
facilities, the market dramatically pushed up the demand for healthcare tourism
facilities, including flight packages. This significantly increased the rate of
medical tourism in Turkey.
However, the advancement of technology in medical
facilities, several agencies/companies provide medical tourism packages that
have a variety of services, such as spas, accommodations, food and drinks,
personal guide, and others, which plays a crucial role in facilitating the
growth of the market. These packages ensure a pleasant stay even after the
necessary course of treatment for rehabilitation and recovery, which provides
an opportunity for patients to rest. Thus, supporting the growth of the medical
tourism market in Turkey enhanced the growth of the market in the forecast
period.
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The Turkey Medical
Tourism market can be segmented by type, treatment type, and region.
Based on type, the market can
be bifurcated into Inbound and Outbound. The Inbound market segment dominated
the market. This can be ascribed due to the high-quality US accredited
hospitals and best medical facilities in affordable cost.
In terms of treatment type,
the market can be split into Cosmetic Treatment, Hair Transplantation
Treatment, Dental Treatment, Cardiovascular Treatment, Gynecological Treatment,
Orthopedic Treatment, and Others. The cosmetic treatment segment dominated the
market in 2021 with an overall share of 23.84% on account of its high precision
and appropriate affordable cost.
By region, the market can be
categorized into Marmara Region, Central Anatolia, Eastern Anatolia Region,
South-Eastern Anatolia Region, Aegean Region, Mediterranean Region, Black Sea
Region. Marmara region segment dominated the market in 2021 with an overall
share of 28.88% because many medical tourisms supporting agencies are easily
accessible at Marmara region.
Major companies operating
in Turkey Medical Tourism market include:
- Remed Health
- Doc's Health Tourism Agency
- ROMOY Health Tourism & Consulting
- MediTRAVE List
- MedicAbroad
- The Health Store Turkey Ltd.
- Dis212 Dental Group
- Dentway International
- DENTODREAM LTD. UK
- CORLU VATAN HOSPITALS
- Avrupagoz Group
- Clinic Spots
- Vaidam Health
- Body Expert
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“Turkey Medical Tourism market is
expected to witness significant growth during the forecast period on account of
increasing medical city and services in the country. An increase in number of medical
tourism supporting agencies and their rising medical services further supports
the demand for Medical tourism market in Turkey. Additionally, increase in
number of medical tourisms support the lucrative growth of healthcare system for
the market growth in the next few years.” 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
(Cosmetic Treatment, Hair Transplantation Treatment, Dental Treatment,
Cardiovascular Treatment, Gynecological Treatment, Orthopedic Treatment &
Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth
potential of Turkey Medical Tourism 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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