Turkey Connected Healthcare Market Report 2022 to 2030

Turkey Connected Healthcare Market Analysis

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The Turkey-connected healthcare market is projected to grow from $530.88 Mn in 2022 to $4045.94 Mn by 2030, registering a CAGR of 28.9% during the forecast period of 2022 - 2030. The main factors driving the growth would be growing healthcare expenditure, a large and ageing population and government initiatives. The market is segmented by type, function and by application. Some of the major players include Turkcell, Arcelik Healthcare, Acibadem Healthcare Group, Siemens Healthineers, Medtronic and GE Healthcare.

ID: IN10TRHS004 CATEGORY: Healthcare Services GEOGRAPHY: Turkey AUTHOR: Neha Davda

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Turkey Connected Healthcare Market Executive Summary

The Turkey-connected healthcare market is projected to grow from $530.88 Mn in 2022 to $4045.94 Mn by 2030, registering a CAGR of 28.9% during the forecast period of 2022 - 2030. Spending on national health care as a percentage of GDP in Turkey in 2019 was 4.34% or $396 per person. Turkish health spending per person increased from $154 in 2001 to $571 in 2008, but between 2008 and 2019 it decreased by an average of 1.81% annually.

Turkey's healthcare industry has seen substantial changes recently as a result of the nation's strong economic expansion and rising demand for healthcare services. The growing use of connected healthcare technologies is an important trend in the Turkish healthcare industry. The use of digital tools and technologies to enhance healthcare delivery and results is referred to as connected healthcare technologies. These technologies include electronic health records (EHRs), telemedicine, remote monitoring tools, mobile health apps, and more.

With projects like the eHealth Turkey project, which seeks to digitise the nation's healthcare system and enhance patient outcomes, the Turkish government has contributed to pushing the adoption of connected healthcare technologies.

Turkey Connected Healthcare Market

Market Dynamics

Market Growth Drivers

The Turkey-connected healthcare market is expected to be driven by factors such as:

Growing healthcare expenditure- Turkey has experienced a consistent rise in healthcare spending over the years, which may be attributed to a number of causes including rising income levels, an increase in the prevalence of chronic diseases, and government initiatives to enhance healthcare services. This has made it easier for connected healthcare technology to be adopted since healthcare providers are more ready to spend money on cutting-edge methods of enhancing patient outcomes
Large and ageing population- Turkey has a population of about 80 million people, and by 2023, 10% of the population will be over the age of 65. The need for remote monitoring and telemedicine systems that can deliver practical and reachable healthcare services is being driven by this ageing population
Government initiatives- With programs like the eHealth Turkey project, the Turkish government has been investing in the digitization of the healthcare industry. The encouragement given to healthcare practitioners to use digital solutions has helped to establish an environment that is favourable for the adoption of connected healthcare technologies

Market Restraints

The following factors are expected to limit the growth of the connected healthcare market in Turkey:

Cost and reimbursement issues- Although Turkey has made great strides in recent years to increase access to healthcare services, there is still a sizable access gap between urban and rural areas. This may restrict the spread of connected healthcare equipment in rural locations, where access to dependable internet and mobile connectivity may be limited
Data privacy and security concerns- Concerns concerning patient data security and privacy have been raised by the use of connected healthcare technologies. Although the Turkish government has created rules and standards for using these technologies, if data privacy and security issues are not sufficiently addressed, their use may be constrained
Limited access to healthcare in rural areas- Although while Turkey has made great strides in recent years to increase access to healthcare services, there is still a sizable access gap between urban and rural areas. This may restrict the spread of connected healthcare equipment in rural locations, where access to dependable internet and mobile connectivity may be limited

Competitive Landscape

Key Players

Turkcell (TUR)- Turkcell is a telecom business that has entered the healthcare industry. The business offers telemedicine services, remote monitoring tools, and digital health platforms as solutions
Arcelik Healthcare (TUR)- Imaging systems, lab tests, and digital health solutions are some of the connected healthcare solutions offered by Siemens Healthineers, a leading provider of medical technology worldwide
Acibadem Healthcare Group (TUR)- Leading Turkish healthcare organisation Acbadem Healthcare Group has created a number of connected healthcare solutions, such as telemedicine services and cloud hospital
Siemens Healthineers- Imaging systems, lab tests, and digital health solutions are some of the connected healthcare solutions offered by Siemens Healthineers, a leading provider of medical technology worldwide
Medtronic- An international leader in healthcare technology, Medtronic provides cutting-edge approaches to connected healthcare. Medical gadgets, patient monitoring systems, and digital health solutions are among its product offerings
GE Healthcare- Medical technologies and solutions are offered by GE Healthcare, a market leader. Healthcare IT solutions, patient monitoring systems, and medical imaging systems are among its products

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Connected Healthcare Market Segmentation

By Type (Revenue, USD Billion):

Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription

MHealth services
mHealth Devices
E- Prescription

By FunctionType (Revenue, USD Billion):

Remote patient monitoring
Clinical monitoring
Telemedicine
Others (Assisted Living)

By Application Type (Revenue, USD Billion):

Diagnosis and Treatment
Monitoring Application
Wellness and Prevention
Healthcare management
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.