Market drivers, restrictions and opportunities for health and medical tourism in Switzerland until 2028
DUBLIN, December 6, 2021 / PRNewswire / – The “Swiss Health and Medical Tourism Market Size, Share and Trend Analysis Report by End Consumption (Private Supply, Public Supply), by Service (Radiology, Aesthetic Medicine) and Segment Forecasts, 2021-2028” Report was added to ResearchAndMarkets.com to offer.
the Switzerland Healthcare and Medical Tourism market size is expected to reach $ 90.3 billion by 2028, based on a new report from the publisher. The market is expected to grow with a CAGR of 6.7% from 2021 to 2028.
The high quality of care, the expansion of the service portfolio by service providers and initiatives to promote medical tourism should stimulate market growth in the forecast period.
As medical tourism is a major contributor to market growth, the government is making efforts to improve the quality of care. The total number of tourists who came to. travel Switzerland for medical treatment is increasing rapidly. Even if the costs of medical care are high compared to other European countries, Switzerland has always been a popular destination for medical tourism.
This is due to the well-established health infrastructure with the presence of trained health workers, high quality and patient protection standards and beautiful locations.
The COVID-19 pandemic has had a negative impact on the medical tourism industry. Due to travel restrictions and fear of contracting infected people, many patients postponed their plans and / or had to seek treatment in their own country. Many wellness resorts and hospitals saw a decline in overnight stays due to the pandemic.
Partnerships and collaborations in care enable service providers to compete with other players and to assert themselves in the market.
Swiss Health and Medical Tourism Market Report Highlights
- Switzerland is becoming a rising star in medical tourism. It is among the leading European countries in terms of the number of international visitors. The health care providers focus on delivering a healthy medical tourism experience that combines medical treatment with luxurious nature resorts, mountain resorts and spa traditions
- In terms of end use, public care led the market in 2020. Private care is expected to grow the fastest in the forecast period. Compared to public hospitals, private hospitals are in Switzerland offer inpatient hospital treatment at a much cheaper rate, increasing the propensity for private hospitals amid the cost of medical care in the country
- Based on the service, the aesthetic medicine segment is expected to show the fastest growth rate over the forecast period due to the availability of products and increasing awareness of cosmetic treatments
- The industry is seeing product launches and business expansion initiatives. For example in September 2018, SIS Medical launched three balloon catheters. NIC Nano hydro, NIC 1.1 hydro and EasyT, which are used to expand closed and narrow vessels during interventional cardiology. Efforts to innovate products will help meet demand for cardiovascular treatments and improve the quality of care
- After the first COVID-19 positive case was discovered in February 2020, the government in Switzerland declared a “special situation” according to the Epidemics Act. In the first quarter of 2020, the COVID-19 pandemic abruptly brought international travel to a standstill and severely affected it Switzerland Medical tourism industry. However, the gradual easing of COVID-19 restrictions and the opening of clinics and hospitals to international patients are factors that are likely to spur market growth in the years to come
Key topics covered:
Market variables, trends & scope
- Outlook on the market line
- Outlook for the mother market
- Penetration and growth perspective mapping
- analysis
- Market dynamics
- Market driver analysis
- High quality of care
- Initiatives to promote medical tourism
- Analysis of market reluctance
- Local labor shortages & overworked employees
- Market opportunity analysis
- Analysis of the market challenges
- Sector analysis for health and medical tourism in Switzerland – Porter’s
- Bargaining power of buyers: low
- Suppliers’ negotiating power: high
- Competitive rivalry: high
- New entrant threat: low
- Threat from substitutes: low
- Industry analysis for health and medical tourism in Switzerland – PEST
- Political & legal landscape
- Economic landscape
- Social landscape
- Technology landscape
- Qualitative analysis: Effects of COVID-19 on the Swiss health and medical tourism market
Health market Switzerland: end-use analysis
Health market Switzerland: performance analysis
Medical tourism market Switzerland: country analysis
Mentioned companies
- Hirslanden Clinic, Zurich
- Swiss Medica XXI Century SA
- Biological aesthetics DentalCARE
- Berit Clinic
- Clinique de Genolier
- Clinique de Montchoisi
- Hirslanden Clinique Cecil
- MENTALVA private clinic
- Rehabilitation Clinic Zihlschlacht
- Grand Resort Bad Ragaz
- Clinic Sant’AnnA
- WALDHOTEL HEALTH & MEDICAL EXCELLENCE
- Swiss MEDICAL NETWORK
- The leading hospital in Switzerland
- Hohenegg AG Private Clinic
- Clinic in the park
- Meiringen Private Clinic
- Hirslanden Clinic Aarau
- Clinic Pyramid am See
- HIRSLANDEN SALEM SPITAL
- Pain Clinic Basel
- Clinic Beau-Site
- La Colline Clinic
- SW! SS REHA
- Berit Clinic
- BENAS Bern hospital center for geriatrics
- cereneo Schweiz AG
- CLINIC BAD RAGAZ
- CLINIC LEUKERBAD
- Clinique de Maisonneuve
- Valmont Clinic
- High Mountain Clinic Davos
- Hof Weißbad AG
- Clinic Schloss Mammern
- Oberwaid AG
- Rehabilitation Clinic Dussnang AG
- Salina Rehabilitation Clinic
For more information on this report, see https://www.researchandmarkets.com/r/o8100g
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