BMI View : We expect the Swiss medical device market to contract by 2.5% in US dollar terms in 2016, compared with growth of 4.9% in local currency terms, due to the continued depreciation of the local currency against the US dollar. The market will benefit from an improved economic performance in 2016, as well as accelerating growth in Switzerland's main eurozone trading partners. The country's favourable tax rates, high demand for sophisticated products from healthcare providers, and continued investment in medtech start-ups, will help the medical technology sector to grow over the next few years .
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates And Key Forecasts
We forecast that the market will register a 2014-2019 CAGR of 3.9% in local currency terms, but market growth will be weaker in US dollar terms due to the projected depreciation of the Swiss franc against the dollar. We expect the market to increase from USD3,688.6mn in 2014 to USD4,083.9mn in 2019.
We anticipate that import performance will improve in 2016, given the stable real GDP growth that we forecast for the coming quarters. The depreciation of the Swiss franc will temper growth rates in US dollar terms, however. In the 12 months to April 2016, imports fell by 0.2% to USD4.5bn.
We believe that export performance will strengthen throughout 2016 in US dollar terms, due to accelerating growth in Switzerland's main eurozone trading partners, and stable growth in other developed market trading partners. In the 12 months to April 2016, exports fell by 4.3% to USD10.6bn.
In June 2016, the two medical trade organisations, FASMED and Medical Cluster, decided that they will establish a new association, SWISS MEDTECH, and merge their activities within in it by mid-2017. This will enable the organisations to jointly push for the improvement of market conditions, which will make the business environment more attractive and boost the international competitiveness of the sector.
The Switzerland Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.
Detailed product breakdown for market, trade and production data in Switzerland provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Switzerland Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Switzerland, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Switzerland.
- Target Business Opportunities in the Switzerland Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Switzerland.
- Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.
BMI Industry View
Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.
SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.
Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.
Presents macroeconomic forecasts impacting the medical devices market.
Industry Risk Reward Index
Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.
Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.
Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.
A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.