Turkey Hospitals Market is dominated by General Hospital Segment Through 2028

Increasing medical tourism and rise in healthcare needs in Turkey are driving the growth of the Turkey Hospitals Market in the forecast period, 2024-2028.

According to the TechSci Research report, “Turkey Hospitals Market - By Region, Competition, Forecast, and Opportunities, 2028”. Turkey Hospitals Market is projected to increase at an impressive rate in the forecast period, 2024-2028. Turkey has a growing population, which translates to a higher demand for healthcare services. The country's population is estimated to reach 100 million by 2050, according to the United Nations. Also, Turkey has become a popular destination for medical tourism due to the country's high-quality healthcare services and affordable prices. This has led to the development of specialized hospitals, particularly in areas like plastic surgery, dentistry, and ophthalmology. Furthermore, the need for healthcare services develops as the Turkish population ages and the prevalence of chronic diseases rises. The private sector has been increasingly investing in healthcare in Turkey, particularly in major cities like Istanbul, Ankara, and Izmir. This has resulted in the growth of private hospitals and healthcare facilities, providing more choices for patients, driving the expansion of the hospital market in Turkey.

However, factors hampering the overall growth of the Hospitals Market are insufficient infrastructure and resources, fragmented healthcare system, and rising healthcare costs. With an aging population, chronic diseases such as diabetes and hypertension may become more prevalent, increasing the need for hospital services. Additionally, the hospital market in Turkey is highly competitive, with many public and private hospitals offering a range of services. This competition can drive innovation and improve the quality of care, but it can also impact pricing and profitability.

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The Turkey Hospitals Market is segmented based on type, type of service, and bed capacity.

Based on type, the market is categorized into general, multispecialty, and specialty. The General hospital category is expected to increase at a high CAGR in the Turkey Hospitals Market. Turkey is a large country with a dispersed population, and many small hospitals are in rural areas which provide medical care to residents who live far from major urban centers. These small hospitals play a critical role in providing healthcare services to local communities. General hospitals are often less expensive to operate than specialty hospitals, which means they can offer more affordable healthcare services to patients.

This is particularly important in a country like Turkey, where many people may not have access to comprehensive health insurance. Small hospitals in Turkey are dominating due to their ability to provide localized, affordable healthcare services to residents in rural areas. With government support and investments in healthcare infrastructure, small hospitals are expected to continue playing an important role in Turkey's healthcare system.

Based on type of service, the market is divided into in-patient services and out-patient services. The in-patient services segment is expected to hold the largest market share in the forecast period, 2024-2028 owing to the high demand for medical tourism in Turkey. In-patient services refer to medical care that requires an overnight stay in a hospital or healthcare facility. On the contrary, the expansion of telemedicine and remote consultation procedures has opened the door for the out-patient market, which is anticipated to expand in the future because of advancements in communication technology. Outpatient services are now a more attractive market for hospital service providers due to shorter patient stays and greater medical costs for inpatients.

Based on bed capacity, the market is divided into above 500 beds, 100-500 beds, upto 100 beds. Upto 100 beds segment holds largest market share in the Turkey Hospital market. Small hospitals with less than 50 beds make up most hospitals in Turkey, with more than 60% of all hospitals falling into this category. These small hospitals are often located in rural areas and provide basic medical care to local population. However, larger hospitals with bed capacities of over 100 beds are available in urban areas and provide specialized medical services.

Major companies operating in the Turkey Hospitals Market are:

          ·         liV Hospital

          ·         Anadolu Hastaneler Grubu

          ·         NPİSTANBUL Brain Hospital

          ·         Medical Park Hospital Group

          ·         Medipol Hospital

          ·         Memorial Hospital

          ·         Medicana Hospital

          ·         NP Istanbul Brain Hospital

          ·         Medical Park

          ·         Dunyagoz Hospital Group

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“Turkey has been promoting itself as a medical tourism destination due to its competitive prices, high-quality healthcare services, and strategic location. This presents an opportunity for hospitals to expand their services and cater to an increasing number of international patients. Turkey has a growing private healthcare sector, which provides opportunities for hospitals to collaborate with private providers to improve access to healthcare services for patients. With the advancement of technology, there is an opportunity for hospitals to invest in digital health technologies, telemedicine, and other innovative solutions to improve the quality of care and enhance patient outcomes. Overall, the hospital market in Turkey presents several opportunities for growth and development, particularly in the areas of technology, innovation, preventive medicine, and specialized services. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Turkey management consulting firm.

“Turkey Hospitals Market By Type (General, Multispecialty, Specialty), By Type of Services (In-Patient Services v/s Out-Patient Services), By Bed Capacity (Above 500 beds, 100-500 beds, up to 100 beds)), By Company and By Region, has evaluated the future growth potential of Turkey Hospitals 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 the Turkey Hospitals Market.”

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