The residential nursing care facilities sector in Turkey has demonstrated remarkable growth from 2013 to 2023, where the number of employees increased from 641 to 3520. The year-on-year growth rate peaked at 51.18% in 2013, then gradually stabilized, with an 8.35% increase between 2022 and 2023. The latest five-year CAGR from 2023 stands at 15.16%, reflecting a consistent growth trend. Notably, the period from 2018 to 2023 showed a lower, yet steady growth rate, indicating a maturing market.
Future trends to watch for:
- Technological advancements in nursing care enhancing workforce efficiency.
- Aging population driving demand for nursing care services.
- Government policies and investments in healthcare infrastructure impacting employment.
Going forward, from 2024 to 2028, the sector is forecasted to grow with a 5.01% five-year CAGR, leading to a 27.67% cumulative growth, indicating sustained but slower growth compared to the previous decade.