BMI Industry 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, with other medical devices and consumables registering the highest growth during this period. Further depreciation of the Swiss franc against the US dollar will be the main factor restricting growth in US dollar terms during the early part of the forecast period. Over the last 15 years the Swiss medical technology sector has grown faster than almost any other sector in the country. Government technology development programmes, favourable tax rates, quality staff and research have all contributed.
Headline Industry Forecasts
In local currency terms, we expect the medical device market to grow by a projected 2014-2019 CAGR of 3.9%, but market growth will be weaker in US dollar terms due to the projected depreciation of the Swiss franc against the dollar over the next couple of years. We forecast a 2014-2019 CAGR of 2.1% to take the market to USD4,083.9mn in 2019.
Over 80% of the medical device market is supplied by imports. In the 12 months to July 2015, imports fell by 0.7% to USD4,471.5mn. With the Swiss franc projected to depreciate in 2015-2016, we anticipate that import performance will be weak in US dollar terms in forthcoming quarters.
In the 12 months to July 2015, exports fell by 3.0% to USD10,832.9mn. Due to the depreciation of the Swiss franc, we expect export performance to be weak in US dollar terms in the coming quarters, although a brightening economic outlook in the eurozone could alleviate this to some degree.
The Swiss market provides high quality products and has a reputation for innovation. Domestic manufacturing is very strong, particularly in the orthopaedics sector, where Switzerland is one of the world's leading exporters. We estimate domestic medical device production to be around USD10bn.
Headline Industry Risk/Reward Index
Switzerland is the fourth...
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.