The turnover in the hospital activities sector in Turkey has shown a consistent upward trend from 2013 to 2023, increasing from 13.35 billion to 50.04 billion New Turkish Liras. In 2023, the turnover stood at 50.04 billion. Year-on-year growth has seen notable variability, with peaks in 2018 and 2019 at 21.55% and 22.12%, respectively. In recent years, growth has slightly decelerated, showing a 9.97% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 13.96%, indicating steady growth despite fluctuations.
Looking forward, the forecasted data from 2024 to 2028 predicts a more moderate growth rate with a 5.68% CAGR, aiming for a turnover of 71.85 billion New Turkish Liras by 2028. This tempered growth suggests a stabilization in the market after years of rapid expansion.
Future trends to watch for:
- Impact of new healthcare policies and reforms on hospital activities.
- Technological advancements and digital transformation in hospital operations.
- Growing demand for specialized healthcare services due to an aging population.
- Economic factors influencing healthcare funding and investment.
