Rising disposable income for quality healthcare is driving the growth of the Turkey Diagnostic Labs Market, in the forecast period, 2023-2027F.
Growing healthcare expenditures and increasing diagnostic tests demand is also supporting the growth of the Turkey diagnostic labs market in the next five years. Increasing investments from the government along with private investments and development of the healthcare infrastructure like hospitals, clinics, diagnostic labs etc. are also aiding the growth of the Turkey diagnostic labs market in the future five years.
Consistent research and technological advancements have led to the surging demands for the advanced medical devices for the diagnosis purposes and other tests have surged the demand for well-equipped diagnostic labs, and thus substantiate the growth of the Turkey diagnostic labs market in the forecast years until 2027.
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Growing concerns among the health-conscious population have increased demand for the diagnostic tests, regular health check-ups, blood tests & urine tests etc. also aid the growth of the Turkey diagnostic labs market in the forecast period. Moreover, demand for decreasing the patient burdens on hospitals and clinics for diagnosis of the appearing symptoms is further aiding the growth of the Turkey diagnostic labs market in the next five years.
The Turkey diagnostic labs market is segmented by provider type, test type, end user, competitional landscape, and regional distribution. Based on provider type, the market is bifurcated into hospital, stand-alone center, diagnostic chains. Hospital sub-segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of rapidly increasing number of patients suffering from various diseases in the country.
Rapidly growing demands for early diagnosis of the diseases or abnormal conditions such that effective treatment can be provided to the patient is further aiding to the growth of the Turkey diagnostic labs market in the next five years. Stand-alone diagnostic centers are also anticipated to register significant growth in the future five years on the grounds of increasing investments in the development of the stand-alone centers. Moreover, increasing demand to decrease the patient burden from the hospitals further aid the growth of the Turkey diagnostic labs market in the forecast years.
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On the basis of test type, the market segment is differentiated between radiology and pathology. Radiology segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of technological advancement in the medical devices utilized to conduct the radiology diagnosis test. CT scans, magnetic resonance imaging, x-ray test, etc. all are rapidly increasing in instances, due to increasing patient counts.
Surging cases of cardiovascular diseases, oncological diseases, application of radiology tests in obstetrics and gynecology, are all further aiding the growth of the Turkey diagnostic labs market in the next five years. Technological advancements like 3D imaging, mobile and portable systems, along with increased service offerings are also anticipated to drive market growth. Pathology segment is further anticipated to register significant growth in the future five years on the account of increasing instances of infectious diseases and a recent situation of pandemic due to widespread COVID-19 virus.
A partial list of major market players of the Turkey diagnostic labs market includes:
- Synevo Medical Laboratories
- Duzen Laboratories Group
- Istanbul Laboratory & Screening Center
- Hekimoglu Imaging Center
- Synlab Laboratories
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“Market segments on the basis of end user, is further fragmented into corporate clients, walk-ins, and referrals. Corporate clients may generate largest revenue shares of the market and dominate the end user segment in the upcoming five years on the grounds of increasing demands from the corporate companies. Increasing industrialization ha brought in global giants of various industries, that are effective toward maintaining their employee health plans. They provide investments, insurance policies, etc. to further aid the growth of healthcare plans for their employee. To maintain such plans, insurance companies demand a no-health issue certificate, that demands for diagnostics tests and thus indirectly substantiates the growth of the Turkey diagnostic labs market in the forecast years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Turkey Diagnostic Labs Market By Provider Type (Hospital, Stand-Alone Centre, Diagnostic Chains), By Test Type (Radiology v/s Pathology), By End User (Corporate Clients, Walk-ins, Referrals), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Turkey diagnostic labs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey diagnostic labs market.
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