BMI View: We expect t he Swiss medical device market to exhibit below average growth for the Western European region over the 201 4 -201 9 period . Further depreciation of the Swiss franc against the US dollar will be the main factor restri cting growth in US dollar terms . Government technology development programmes, favourable tax rates, quality staff and research have all contributed to wards the growth of the med ical tech nology sector over the last decade .
|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.
With the Swiss franc projected to depreciate in 2016, we anticipate that import performance will be weak in US dollar terms in forthcoming quarters. In the 12 months to October 2015, imports fell by 2.7% to USD4,430.1mn.
With the Swiss franc projected to depreciate in 2016, we expect export performance to be weak in US dollar terms in forthcoming quarters, although a brightening economic outlook in the eurozone, Switzerland's largest export market, could alleviate this to some degree. In the 12 months to October 2015, exports fell by 4.9% to USD10,649.7mn.
In October 2015, the medical device company, Sequana Medical, raised CHF9mn (USD9.3mn) in a series C extension round. Sequana, which develops innovative implantable pump systems, will use the funds to pursue US marketing approvals and to expand business for its fluid management systems through new indications in heart disease.
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.