Inpatient Care - Turkey

Turkey

The Inpatient Care market in Turkey is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$5.22bn in 2024.
This growth is expected to continue with an annual growth rate (CAGR 2024-2029) of 2.79%, resulting in a market volume of US$5.99bn by 2029.
When compared to other countries, it is important to note that in the United States is expected to generate the highest revenue in the Inpatient Care market.
In 2024, the revenue in the United States is projected to reach a staggering US$731.40bn, showcasing its dominant position in the global market.
Turkey's inpatient care market is experiencing a rising demand for private hospitals due to increasing healthcare tourism.

Key regions: India, Canada, Japan, United Kingdom, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for healthcare services in Turkey has been on the rise in recent years, with the country's population growing and aging. As a result, the Inpatient Care market in Turkey has been experiencing significant growth.

Customer preferences: Turkish consumers are increasingly seeking high-quality healthcare services that are affordable and accessible. They are looking for hospitals that offer modern facilities and equipment, as well as experienced and well-trained medical staff. Patients also want personalized care that takes into account their individual needs and preferences.

Trends in the market: One of the key trends in the Inpatient Care market in Turkey is the increasing use of technology. Hospitals are investing in state-of-the-art medical equipment and digital health solutions to improve patient outcomes and reduce costs. Another trend is the growing popularity of private hospitals, which offer more personalized care and shorter wait times than public hospitals.

Local special circumstances: Turkey's healthcare system is undergoing significant reforms aimed at improving access and quality of care. The government has been investing in new hospitals and healthcare facilities, as well as implementing new regulations to improve patient safety and quality of care. The country's growing middle class is also driving demand for private healthcare services.

Underlying macroeconomic factors: Turkey's economy has been growing steadily in recent years, which has led to increasing disposable incomes and greater access to healthcare services. The country's aging population is also driving demand for healthcare services, particularly for chronic disease management and long-term care. However, rising healthcare costs and a shortage of medical professionals are among the challenges facing the Inpatient Care market in Turkey.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.