The medical and dental practice activities sector in Turkey has shown robust and consistent growth. From 2013 to 2023, the sector increased from 5.7 billion New Turkish Liras to 19.43 billion. The most notable growth occurred between 2016 and 2018, with annual increases exceeding 14%. However, the year-on-year growth rate slowed down to 7.02% by 2023. The compound annual growth rate (CAGR) also decreased over the same period, indicating a stabilization in the sector's expansion.
Looking ahead to 2028, the sector is anticipated to grow at a CAGR of 4.38%, showing a projected total growth rate of 23.92% over the next five years. This forecast indicates a steady but moderated growth trend for the upcoming years.
Future trends to watch for:
- Continued investments in healthcare infrastructure and technology.
- Increasing public and private healthcare spending.
- Potential impact of regulatory changes and economic fluctuations.
- Rising demand for specialized medical and dental services.
- Advancements in telemedicine and digital health services.
