What can we expect from Turkiye’s health sector?

Persistent economic instability remains a key constraint.

Turkiye’s healthcare expenditure is projected to reach $133.7b (TRY5.08b) by 2029 at a compound annual growth rate (CAGR) of 24.2%, according to BMI.

However, due to the lira’s continued depreciation, health spending is expected to grow at a slower 6.8% CAGR in USD terms, reaching $52.4b during the same forecast period.

Persistent economic instability and weaknesses in external financing remain key constraints, potentially limiting funding for healthcare initiatives and delaying planned infrastructure and service upgrades.

“The situation has been further complicated by recent political instability, particularly following the arrest of Istanbul Mayor and opposition candidate for the 2028 presidential elections Ekrem İmamoğlu on March 19,” the report said.

Meanwhile, reforms in medical tourism regulations are expected to support long-term improvements, as Turkiye attracted around 1.5 million health tourists in 2024, generating around  $3b in revenue.

The government aims to increase this figure to 2.3 million medical tourists by 2028, targeting up to $20b in total revenue.

TRY1 = $0.03