Drivers, constraints and opportunities of the medical and health tourism market in Switzerland until 2028

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DUBLIN, December 6, 2021 / PRNewswire / – The Switzerland Healthcare and Medical Tourism Market Size, Share and Trend Analysis Report by End-Use (Private Care, Public Care), Service (Radiology, Cosmetic Medicine), and Segment Forecast , 2021-2028 “ the report was added to ResearchAndMarkets.com offer.

The Switzerland The size of the healthcare and medical tourism market is expected to reach $ 90.3 billion by 2028, based on a new report from the editor. The market is expected to grow at a CAGR of 6.7% from 2021 to 2028.

High quality of care, expansion of service portfolio by healthcare providers, and initiatives to promote medical tourism are expected to drive the market growth during the forecast period.

With medical tourism being a key factor in market growth, the government is striving to improve the quality of care. The total number of tourists visiting Switzerland for medical treatment is rapidly increasing. Even though the cost of medical care is high compared to other European countries, Switzerland has always been a popular destination for medical tourism.

This can be attributed to the well established healthcare infrastructure with the presence of trained healthcare professionals, high quality standards and patient privacy, 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 those infected, many patients have postponed their plans and / or have had to seek treatment in their own countries. Many wellness centers and hospitals have seen a drop in overnight stays due to the pandemic.

Partnerships and collaborations to deliver care allow service providers to compete with other players to gain a solid foothold in the market.

Highlights of Switzerland Healthcare and Medical Tourism Market Report

  • Switzerland is emerging as a rising star in medical tourism. It is among the first European countries in terms of number of international visitors. The care providers are focused on providing a healthy medical tourism experience combining medical treatment with luxurious natural retreats, hill stations and spa traditions.
  • In terms of end use, public care dominated the market in 2020. Private care is expected to grow at the fastest rate during the forecast period. Compared to public hospitals, private hospitals of Switzerland offer inpatient treatment to inpatients at a much lower rate, thus increasing the inclination towards private hospitals amid the cost of medical care in the country
  • On the basis of service, cosmetic medicine segment is expected to show the fastest growth rate during the forecast period owing to product availability and increasing awareness of cosmetic treatments.
  • The industry is witnessing product launches and initiatives for business expansion. For example, in september 2018, SIS Medical has launched three balloon catheters, viz. NIC Nano hydro, NIC 1.1 hydro and EasyT, which are used to dilate closed and narrow vessels during interventional cardiology. Product innovation efforts will meet the demand for cardiovascular treatment and improve the quality of care
  • After the detection of the first COVID-19 positive case in February 2020, the government of Switzerland declared a “special situation” according to the law on epidemics. In the first quarter of 2020, the COVID-19 pandemic abruptly interrupted international travel and significantly affected from Switzerland medical tourism industry. However, the gradual easing of restrictions related to COVID-19 and the opening of clinics and hospitals for international patients are expected to drive market growth in the coming years.

Main topics covered:

Market variables, trends and scope

  • Market lineage outlook
  • Parents Market Outlook
  • Mapping of penetration and growth prospects
  • Analysis
  • Market dynamics
  • Market Driver Analysis
  • High quality care
  • Initiatives to promote medical tourism
  • Analysis of market constraints
  • Shortage of local labor and overworked employees
  • Analysis of market opportunities
  • Analysis of market challenges
  • Analysis of the medical and health tourism industry in Switzerland – Porter’s
  • Bargaining power of buyers: low
  • Bargaining power of suppliers: high
  • Competitive rivalry: high
  • Threat from new entrants: low
  • Threat of substitutes: low
  • Analysis of the healthcare and medical tourism sector in Switzerland – PEST
  • Political and legal landscape
  • Economic landscape
  • Social landscape
  • Technological landscape
  • Qualitative analysis: impact of COVID-19 on the Swiss medical and health tourism market

Swiss healthcare market: end-use analysis

Swiss healthcare market: analysis of services

Medical tourism market in Switzerland: analysis by country

Companies mentioned

  • Klinik Hirslanden, Zurich
  • Swiss Medica XXI Century SA
  • Organic Aesthetic DentalCARE
  • Berit klinik
  • Genolier clinic
  • Montchoisi clinic
  • Hirslanden Clinic Cecil
  • MENTALVA Private Clinic
  • Zihlschlacht rehabilitation clinic
  • Grand Resort Bad Ragaz
  • Clinica Sant’AnnA
  • WALDHOTEL HEALTH AND MEDICAL EXCELLENCE
  • MEDICAL NETWORK Switzerland
  • Swizz’s leading hospital
  • Privatklinik Hohenegg AG
  • Klinik Im Park
  • Private Clinic Meiringen
  • Hirslanden Klinik Aarau
  • Pyramid am See Clinic
  • HIRSLANDEN SALEM-SPITAL
  • Schmerzklinik Basel
  • Klinik Beau-Site
  • La Colline Clinic
  • SW! SS REHA
  • Berit klinik
  • BESAS Bern Hospital Center for Geriatric Medicine
  • cereneo Suisse SA
  • BAD RAGAZ CLINIC
  • LEUKERBAD CLINIC
  • Maisonneuve clinic
  • Valmont Clinic
  • Hochgebirgsklinik Davos
  • Hof Weissbad AG
  • Klinik Schloss Mammern
  • Oberwaid AG
  • Rehaklinik Dussnang AG
  • Salina Rehabilitation Clinic

For more information on this report, visit https://www.researchandmarkets.com/r/o8100g

Media contact:

Research and markets
Laura Wood, senior
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