Switzerland Healthcare & Medical Tourism Market Size, Share & Trends Report

Switzerland Healthcare & Medical Tourism Market Size, Share & Trends Analysis Report By End Use (Private Care, Public Care), By Service (Radiology, Aesthetic Medicine), And Segment Forecasts, 2021 - 2028

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-526-6
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 80

Report Overview

The Switzerland healthcare and medical tourism market size was valued at USD 54.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. The increasing adoption of initiatives to promote medical tourism, along with the high quality of medical care, is expected to boost the growth of the market. The Swiss healthcare industry has established a reputation for good and efficient healthcare services. Although there is a regional disparity with regard to healthcare-related satisfaction among citizens, the overall scenario seems to be positive in the country. Moreover, the established healthcare system in the localities enables the health industry to focus on the incoming medical tourists.

Switzerland healthcare market size, by end use, 2018 - 2028 (USD Billion)

Switzerland is one of the major medical tourism destinations, and efforts are being made to improve medical tourism services. Switzerland Tourism (ST) took initiatives to partner with hospitals and clinics, with a focus on the quality of infrastructure, medical expertise, and location in a relaxing environment and natural setting. In 2019, ST successfully partnered with 26 hospitals and clinics in the region, and with the help of its 33 regional offices worldwide, it offers its partners an opportunity to increase their visibility in the foreign markets. Moreover, in 2020, ST launched its magazine and website, contributing to its marketing strategy and further plans to participate in various events in Russia, China, and Gulf countries to showcase Switzerland's health tourism facilities. Such activities help establish Switzerland as a medical tourist destination on the global platform.

COVID- 19 Switzerland medical tourism market impact: 77% decline from 2019 to 2020

Pandemic Impact

Post COVID Outlook

The onset of the pandemic has led ICUs to reach full capacity, unable to accommodate more patients.

To address the high demand for urgent care, hospitals might add more beds, similar to Geneva’s University Hospital (HUG), or set up new units for transfer patients, similar to Lausanne’s University Hospital (CHUV)

The shutdown of resorts and hotels and no influx of patients adversely impacted the medical tourism industry in Switzerland. For instance, according to the Swiss Economic Institute (KOF), the number of overnight stays was projected to decline by 34% in 2020. 

In May 2020, Swiss Medical Network resumed its healthcare services for international patients that are expected to gradually compensate for the loss incurred by service providers

 

Access to technologically advanced medical devices, diagnostic procedures, and robot-assisted minimally invasive surgeries are the primary factors for patients visiting Switzerland for medical treatment. For example, Hirslanden Klinik Aarau provides surgical robotic procedures services for international patients. Innovations in surgical techniques can help in reducing the cost of medical treatment in Switzerland. As per OECD, Switzerland has one of the longest duration of hospital stay. Technological advancements in minimally invasive surgeries can result in a significant reduction in length of stay and in-patient costs.

End-use Insights

The public care segment dominated the market in terms of revenue in 2020. Strong government support and increased healthcare spending are the primary factors fueling the growth of the segment. Medical tourists have given a major boost to the country’s medical tourism industry, and they prefer public centers as compared to private care providers. Initiatives by Switzerland Tourism such as business partnerships to support targeted marketing campaigns contribute to the increase in medical tourists.

The presence of large private hospital groups with dozens of private clinics and hospitals at various sites with world-class healthcare facilities is favoring the demand for private hospitals in Switzerland. For instance, Hirslanden Private Hospital Group comprises 17 private hospitals across various locations in Switzerland. Similarly, The Swiss Leading Hospitals is a network of 18 private hospitals and 236 doctors across Switzerland. These hospitals are renowned for their medical expertise and quality among international patients. The growing network of these large hospitals by the establishment of more clinics and centers is fueling the growth of the private care segment.

Medical tourists coming from Gulf countries have given a major boost to the country’s medical tourism industry. Switzerland Tourism is taking active steps and measures such as collaboration with clinics and sponsorships to attract medical tourists in Switzerland. For instance, in 2020, Switzerland Tourism generated USD 7.2 million through business partnerships to support targeted marketing campaigns. However, the high cost of medical care, high tariffs for surgical procedures, and increased out-of-pocket expenses are important factors restricting the segment growth.

Service Insights

The radiology segment dominated the market in terms of revenue in 2020. Among various techniques, Computed Tomography (CT) has observed an increase due to its application in minimally invasive surgeries, such as percutaneous biopsy and percutaneous abscess drainage, along with diagnostics. The health services are benefiting from the availability of innovative products in the market, thus increasing the efficiency of treatment.

Switzerland healthcare market share, by service, 2020 (%)

The service segment faces certain challenges such as a shortage of local healthcare workers due to the inadequate supply of workforce from training institutes, difficulty in maintaining work-life balance due to overwork, and a continuous increase in demand for healthcare services. Especially, a significant shortage of nurses in the long-term care facilities is a concern, considering the continuously increasing geriatric population in the country.

The aesthetic medicine service in Switzerland is witnessing initiatives that are contributing to the growth of the segment. For instance, in June 2017, a crowdfunding campaign was launched for Forever Boutique, an aesthetic medicine concept store. The launch of such stores makes aesthetic medicine more accessible and increases product penetration in the market. Moreover, testing cosmetics on animals is banned by The Swiss Federal Council, thereby positively affecting the image of the aesthetic industry and encouraging its adoption.

Switzerland Medical Tourism Insights

The medical tourism industry in Switzerland is witnessing remarkable growth owing to the influx of international patients in the country for medical purposes. As the majority of private hospitals are located in Zurich, Geneva, Bern, Basel, and Lausanne, these regions receive the most medical tourists. Both private and public hospitals in the country have established their reputation for the quality of care. The government ensures healthcare access to all residents through health insurance.

According to the Organization for Economic Co-operation and Development (OECD), in Switzerland, 100% of the population is eligible for core healthcare services. Furthermore, there are 4.3 practicing physicians per 1,000 inhabitants, which is close to the OECD average, and 17.2 practicing nurses per 1,000 inhabitants, which is above the OECD average. Thus, the well-developed healthcare infrastructure and the growing popularity of Switzerland for medical tourism are expected to drive the market.

Key Companies & Market Share Insights

The Switzerland market for healthcare and medical tourism is fragmented with several players operating in the market. The expansion of services portfolio, the launch of new facilities, and partnership and collaborations are the key strategic undertakings of the companies to increase market share. For instance, in January 2020, Clinique de Montchoisi announced extending its orthopedic services by opening new physiotherapy and occupational therapy department. Some prominent players in the Switzerland healthcare and medical tourism market include:

  • Klinik Hirslanden

  • Swiss Medica XXI Century S.A.

  • Biologic Aesthetic Dentalcare

  • Berit Klinik

  • Clinique de Genolier

  • Clinique de Montchoisi

  • Hirslanden Clinique Cecil

  • Private Clinic Mentalva

  • Rehabilitation Clinic Zihlschlacht

  • Grand Resort Bad Ragaz

  • Clinica Sant’Anna

  • The Waldhotel

  • Swiss Medical Network

  • The Swiss Leading Hospital

  • Privatklinik Hohenegg AG

  • Klinik Im Park

  • Private Clinic Meiringen

  • Hirslanden Klinik Aarau

  • Pyramide am See Clinic

  • Salem-Spital

  • Schmerzklinik Basel

  • Klinik Beau-Site

  • Clinique La Colline

  • SW!SS REHA

  • Berit Klinik

  • BESAS Bern Hospital Center for Geriatric Medicine

  • cereneo Schweiz AG

  • CLINIC BAD RAGAZ

  • LEUKERBAD CLINIC

  • Clinique de Maisonneuve

  • Clinique Valmont

  • Hochgebirgsklinik Davos

  • Hof Weissbad AG

  • Klinik Schloss Mammern

  • Oberwaid AG

  • Rehaklinik Dussnang AG

  • Salina Rehabilitation Clinic

Switzerland Healthcare & Medical Tourism Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 57.72 billion

Revenue forecast in 2028

USD 90.3 billion

Growth Rate

CAGR of 6.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

End-use, service

Country scope

Switzerland

Key companies profiled

Klinik Hirslanden; Swiss Medica XXI Century S.A.; Biologic Aesthetic Dentalcare; Berit Klinik; Clinique de Genolier; Clinique de Montchoisi; Hirslanden Clinique Cecil; Private Clinic Mentalva; Rehabilitation Clinic Zihlschlacht; Grand Resort Bad Ragaz; Clinica Sant’Anna; The Waldhotel; Swiss Medical Network; The Swiss Leading Hospital; Privatklinik Hohenegg AG; Klinik Im Park; Private Clinic Meiringen; Hirslanden Klinik Aarau; Pyramide am See Clinic; Salem-Spital; Schmerzklinik Basel; Klinik Beau-Site; Clinique La Colline; SW!SS REHA; Berit Klinik; BESAS Bern Hospital Center for Geriatric Medicine; cereneo Schweiz AG; CLINIC BAD RAGAZ; LEUKERBAD CLINIC; Clinique de Maisonneuve; Clinique Valmont; Hochgebirgsklinik Davos; Hof Weissbad AG; Klinik Schloss Mammern; Oberwaid AG; Rehaklinik Dussnang AG; Salina Rehabilitation Clinic

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Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the Switzerland healthcare and medical tourism market report on the basis of end-use and service:

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Private Care

    • Public Care

  • Service Outlook (Revenue, USD Million, 2016 - 2028)

    • Radiology

    • Orthopedics

    • Aesthetic Medicine

    • Cardiovascular Treatment

    • Pain Management

    • Fertility and Gynecology Treatment

    • Gastroenterology

    • Dental Treatment

    • Others

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