BMI View: We expect the Swiss medical device market to increase by 4.3% in local currency terms in 2017, which will outpace the economy. Growth will be lower in US dollar terms due to local currency depreciation. The market will be constrained by weaker economic growth following the UK ' s decision to leave the EU. However, t he country's favourable tax rates, high de mand for sophisticated products 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 have revised downwards our forecasts and now project that the market will expand by a 2015-2020 CAGR of 3.8% in local currency terms, which will take expenditure to CHF4.1bn in 2020. Market growth in US dollar terms will be lower at a 2015-2020 CAGR of 2.1%, which should see it increase to USD4.0bn in 2020
We anticipate weak import performance in 2016 and 2017, following the downward revision of our GDP growth forecasts. The depreciation of the Swiss franc will also temper growth rates in US dollar terms. In the 12 months to August 2016, imports rose by 1.6% to USD4.5bn.
Following the UK's decision to leave the EU, we expect economic activity in Switzerland's key eurozone trading partners to diminish, which will weaken external demand and negatively impact exports in the coming quarters. In the 12 months to August 2016, exports fell by 1.1% to USD10.7bn.
The 2016 Swiss Medical Technology Industry Report by The Medical Cluster shows that companies are facing a number of challenges caused by the pressure of rising costs. We believe that manufacturers will attempt to reduce production costs as well as continue to develop new products in collaboration with other partners in order to maintain sales growth.
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.