Turkey’s Plans for Luxury Hospitals

Turkey has become an attractive provider of healthcare services. The Turkish Ministry of Health predicts the number of international patients will increase from 500,000 in 2015 to about 2 million by 2023. Until then it is expecting USD 20 billion in foreign exchange proceeds. Turkey’s largest hospital chain, Medical Park, plans to use its new VM Medical Park brand to provide VIP services for patients with higher requirements. Germany Trade and Invest, the German Federal economic development agency, reports that Turkey’s first luxury hospital will be opened in Kocaeli Province before the end of 2015. Medical Park’s 26 hospitals treat 7 million patients a year, 100,000 of which are international. The growing local demand and the promotion of medical tourism are increasing the demand for modern hospital facilities, medical technology, and consumables. Many of the products will be imported.