Turkey Medical Tourism Market 2027

1. 2017 – 2027 Turkey Medical Tourism FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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6. Service Overview

7. Scope of Report Service of Interest (SOI): Medical Tourism Medical tourism (also called health tourism or medical travel) refers to people traveling from one geography to another (internationally or within the country) to receive medical care. Many patients engage in medical tourism because the procedures they seek are cost-effective in other countries. Moreover, the treatments are done without the delay and inconvenience of being put on a waiting list. Additionally, some patients travel to specific destinations to undergo procedures unavailable in their home country. The most common procedures that patients undergo during medical tourism trips are cardiac surgery, elective cosmetic surgery, dentistry, organ transplantation, and orthopedic surgery. Market Segmentation Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range By Type By Region • Marmara Region • Central Anatolia • Eastern Anatolia Region • Southeastern Anatolia Region • Aegean Region • Mediterranean Region • Black Sea Region • Inbound • Outbound By Treatment Type • Cosmetic Treatment • Hair Transplantation Treatment • Dental Treatment • Cardiovascular Treatment • Gynecological Treatment • Orthopedic Treatment • Others( Eye treatment, Cancer treatment, etc. 7

8. Service Overview • Medical tourism and Health Tourism is generally defined as travelling from the place of residence (“departure country”) to another place (“destination country”) in order to acquire health-related services. • Medical tourism is a rapidly growing sector that provides medical treatments and healthcare services to patients traveling from different regions or countries. Medical tourists travel to countries that offer high-quality health care at a lower cost. Turkey is one of the most popular vacation destinations in the world, and now it is a popular medical tourism destination as well. Medical tourism is of two types, i.e., inbound and outbound. • Inbound Medical Tourism is referred to as patients from different countries traveling to Turkey to receive medical treatment or surgeries. • Outbound Medical Tourism is described as patients from Turkey traveling to other nations to get healthcare services and treatments. • Turkey ranks third in medical tourism according to International Medical Travel Journal(IMTJ). People across the world prefer to visit Turkey for healthcare treatments or surgeries. This is ascribed to various reasons, such as advanced healthcare infrastructure, cost-effective medical packages, highly qualified doctors, services, accredited hospitals and clinics, and tourist attractions. • Private, public, and university hospitals are equipped with modern tools and innovative treatment technologies. They provide hi-tech healthcare technologies, such as cyberknife, gamma knife, real beam, IGRT, and Vinci surgery robot. These technologies are used in various areas such as neurosurgery, dentistry, urology, cardiology, obstetrics, and others. In Turkey, there are presently 895 public hospitals, 63 universities, and 575 private hospitals, covering a total of 237,500 hospital beds. The public-private partnership was used to build thirteen new public hospitals, with five more under construction, in what will constitute about 10% of Turkey’s total hospital bed capacity. • Plastic surgeries are prevalent among the masses owing to aesthetic awareness, due to which people prefer to go to Turkey. Not only do women opt for these surgeries, but men also go for breast reduction, dental treatment, and hair transplants. 8

9. Research Methodology

10. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing list of respondents Formulating Questionnaire In-depth secondary research was conducted to determine the overall market size, segmental market size, and top players in the Turkey medical tourism market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Turkey medical tourism market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers • EMIS Source: XXXXX Note: These are dummy figures; please purchase our report for actual data 10

11. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the Turkey medical tourism market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as, affordable cost, no waiting list, geographical location, among others. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Turkey medical tourism market. Methodology Followed for Calculation of Market Size: • Market Size by Value : Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as medical tourism services provider companies, research scientists/scholars, end users, industry experts, and other industry participants. • The team interviewed more than 10 medical tourism service provider companies, 100 end users and 10 industry experts and other value chain stakeholders in the Turkey medical tourism market to obtain the overall market size between 2017 and 2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2017-2021. • Respondents were asked about the current and future market growth rates, market shares by type, by application, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and category-wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the response received from other stakeholders. Source: XXXXX Note: These are dummy figures; please purchase our report for actual data 11

12. Research Methodology Methodology Followed For Calculation of Market Shares: • Market shares by type, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the Turkey medical tourism market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the Turkey medical tourism market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis Source: XXXXX Note: These are dummy figures; please purchase our report for actual data 12

13. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium, and long-term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (with the market size indicated in USD million). 13

14. Industry Brief 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.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 “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. 14

15. Sample Data - Snapshot Turkey Medical Tourism Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 By Value: XXX CAGR 2022E-2027F By Value: XXX Turkey Inbound Medical Tourism Market Share, By Treatment Type, By Value, 2017-2027F Turkey Medical Tourism Market Share, By Type, By Value, 2017-2027F 15

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