Turkey Medical Tourism market
stood at USD1497.07 million in 2021 and is expected to grow at steady rate of 12.23%
during the forecast period.
The major factors contributing to the
increasing demand for medical tourism market include increasing rate
of medical cities in Turkey, rising technological advancements in healthcare
system, surging rates of affordable medical services in the country,
growing number of US-accredited hospitals and the support (incentives) by
Regional Government for medical facilities. When people migrate from one
location to another in search of medical care, it is referred to as medical
tourism. Medical tourism is necessary because certain healthcare systems and
nations are better developed, more accessible, or more convenient for patients
seeking treatment. The main goal of the population is to fulfill any medical,
therapeutic, or surgical needs that are not readily available in the patient's
hometown.
The sudden outbreak and spread of the COVID-19 pandemic significantly
impacted the Medical Tourism Market in Turkey. The imposition of lockdown and
restriction on movement reduced the footfall of medical tourists in Turkey. Turkey
is expected to become a recognized global brand for medical tourism in a few
years. The use of technologically improved medical gadgets, modern healthcare
infrastructure, ongoing research and development activities in the country, and
the developing pharmaceutical industry are making the government heavily invest
in the expansion of healthcare services. The nation, which ranks 23 in terms of
the caliber of its facilities and services, has a significant impact on medical
tourism. It also plays
a significant role in persuading people worldwide to seek medical care there,
which is expected to drive the demand for the Turkey medical tourism industry
over the next five years.
Increasing rate of Medical Cities in
Turkey
The various medical cities are
growing, such as Bilkent Medical City, Göztepe Medical City, and others which
have emerged and are emerging in the country. One of Turkey's major medical
towns, known as "The Medical City of Basaksehir," was established in
Istanbul in 2020. It is set to be considered one of the largest medical cities
in the world. According to data by the Turkish Ministry of Health, it is
estimated that approximately 552,000 foreign patients benefited from Turkish
health-care tourism opportunities in 2018 while on an average 40
million tourists visited Turkey same year to avail healthcare facilities.
Rising Technological Advancements in
Healthcare System
The high-quality hospitals in Turkey
are growing due to evolution in technology for various treatments and
surgeries, such as ophthalmic surgeries, plastic surgery, bariatric and
metabolic surgery, transplantation, and oncologic treatments. Technological
advancements and changing consumer behavior and demands, have led to various
changes in the healthcare sector. Also, to better assist citizens in ensuring
that they obtain high-quality healthcare services and to streamline service
delivery, it is necessary to digitalize and optimize the processes utilizing
information. The continuous advancements in hospitals and other health
facilities or tools are boosting Turkish medical tourism market through 2028.
Rising Rate of Affordable Medical
Services in the country
The medical treatment costs
in Turkey are very much affordable such as 70%-90% less than the prices in
Europe, North America, and the UK. For example, heart valve replacement
surgery costs USD170,000 - USD200,000 in the USA while it costs around USD17,000
in experienced hands in Turkey, and Rhinoplasty, or nose job costs around USD1,800
in Turkey as compared to USD5,400 in United States. In addition to the
available high-quality facilities, medical tourists have access to thermal spas
and health care programs that incorporate five-star hotel accommodation into
their package. Most of the Turkey’s hospitals have local and international
accreditations, including the JCI (Joint Commissions International), JACHO
(Joint Commission on Healthcare Organizations Accreditation), ISO
(International Organization for Standardization), and Western medical
associations and facilities affiliations. Additionally, the hospitals have
experienced medical staff and specialists who have performed numerous
operations. Moreover, the treatments performed are as per the standards set by
the medical communities, which, in turn, is expected to positively influence
the growth of the medical tourism market in Turkey.
Growing Number of
US-accreditation
According to Turkish
Ministry of Health, around 55 percent of Turkey’s 1,200 hospitals have
US-accreditation whereas rest are being owned by universities, private
companies, and well-known foreign entities. Most of the medical staff,
including doctors and nurses, is certified by the Turkish Medical Association
along with the associations depending on specializations, including the Turkish
Dental Association, Turkish Plastic Reconstructive & Aesthetic Surgery
Society, Turkish Society of Cardiovascular Surgery, and other associations.
Incentives and Support
by Regional Government
The Turkish government
promote and boost health tourism with new regulations and incentives for the
sector, while bringing additional investment incentives for the private sector
within the framework of the field. In Turkey, the government has unveiled new
incentives, and investment has also been increasing, fostering the medical
tourism sector. Additional incentives are being provided to private companies
for their medical tourism investments. Various taxes are exempted, such as VAT
and customs tax.
Geographical Benefits in
EMEA & Eurasia region
Turkey shares a strong geostrategic
position between 3 continents which is easily accessible from all airlines
coming from Europe. According to statistical data, the total of more than 300
flights came from various countries and arrive in one of Turkey’s five major
airports daily. Turkey is a central hub that takes only 2-3 hours to travel
from major cities in the Middle East and Europe. Hence, Turkey provides
healthcare facilities to more than 1.5 billion people. Moreover, it has always
been a global, cultural, commercial, and political center, which in turn, is
strengthening the growth of the market.
Download Free Sample Report
Market
Segmentation
Turkey Medical Tourism Market is
segmented based on type, treatment type, and region. Based on the type, market
is segregated into inbound and outbound. In terms of treatment type, market is
split into cosmetic treatment, hair transplantation treatment, dental
treatment, cardiovascular treatment, gynecological treatment, orthopedic
treatment and others.
Market Players
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 etc. are some of the
leading companies operating in the Turkey medical tourism market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Market Size in 2021
|
USD 1497.07
Million
|
|
CAGR
|
12.23%
|
|
Historic Data
|
2017 –
2021
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2022
– 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
By Type
·
By Treatment Type
|
|
Regional scope
|
Marmara Region, Central
Anatolia, Eastern Anatolia Region, South
Eastern Anatolia Region, Aegean Region, Mediterranean Region, Black Sea
Region
|
|
Key companies profiled
|
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
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Turkey Medical Tourism market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
·
Turkey Medical Tourism Market, By Type:
o Inbound
o Outbound
·
Turkey
Medical Tourism Market, By Treatment Type:
o
Cosmetic
Treatment
o
Hair
Transplantation Treatment
o
Dental
Treatment
o
Cardiovascular
Treatment
o
Gynecological
Treatment
o
Orthopedic
Treatment
o Others
·
Turkey Medical Tourism, By Region:
o
Marmara
Region
o
Central
Anatolia
o
Eastern
Anatolia Region
o
South-Eastern
Anatolia Region
o
Aegean
Region
o
Mediterranean
Region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Turkey Medical Tourism market
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information:
- Detailed analysis and profiling of additional market players (up to five).