Market Size of Turkey Health and Medical Insurance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Turkey Health and Medical Insurance Market Analysis
Turkey's Health and Medical Insurance Market has generated gross revenue of USD 1.5 Billion in the current year and is poised to achieve a CAGR of more than 2.5% for the forecast period. To support the Universal Health Insurance (UHI) initiative, Turkey is developing its private health insurance sector, which presently accounts for only 2% of the overall health insurance coverage.
During the COVID-19 pandemic, healthcare systems are under extreme pressure. While the global pandemic had an impact on many industries, COVID-19 has surged growth in the Turkey Health and Medical Insurance sector. The health and medical insurance industry of Turkey has demonstrated its importance by offering COVID-19-specific health insurance plans and providing assistance to policyholders. Health insurance plan sales increased benefiting both customers and insurers. Health insurance providers with exclusive facilities and benefits observed a continuous rise in demand during the period.
More than 99% of Turkey's population have access to public health insurance which covers around 70% of the healthcare expense of the population. Private players are entering the market to provide a shorter waiting time for the people combined with different packages including travel health insurance, Children and family healthcare, and other medical services.
