Turkey medical tourism market is anticipated to register significant growth in the forecast period, 2023-2027
Factors such as the presence of affordable medical services in the country and the highest number of US-accredited hospitals are driving the market growth. When a population moves 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 traveler is to fulfill any medical, therapeutic, or surgical needs that are not readily available in the patient's hometown.
Despite a global lockdown caused by the COVID-19 pandemic, the country made USD2.5 billion in 2020 from medical tourism. 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 there. It also plays a significant role in persuading people worldwide to seek medical care in the country, which is expected to drive the growth of the Turkey medical tourism industry over the next five years. Majority of tourists visiting the nation for medical toursim come from different European nations, including Romania, Bulgaria, Romania, Ukraine, Germany, England, etc.
The Turkey medical tourism market is segmented on the basis of type, treatment type, competitive landscape, and regional distribution. Based on the treatment type, the market is divided into orthopedic treatment, cardiovascular treatment, gynecological treatment, dental treatment, fertility treatment, cosmetic treatment, and others.
Orthopedic treatment is expected to capture the highest market share in the forecast period, 2023-2027. Advanced medical treatment facilities and the availability of cost-effective treatment facilities are driving the segment growth in the forecast period.