Our comprehensive assessment of Switzerland's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Switzerland, as well as the latest industry developments that could impact Switzerland's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Switzerland before your competitors.
Switzerland Industry Coverage (5)
BMI View: We believe that the life and non life insurance sectors in Switzerland will suffer a moderate decline in premiums over 2014 due to deflationary pressures. However growth will resume in 2017, driven by a rising emphasis on costly healthcare and an aging population on the one hand, and the booming property market and still sizeable motor vehicle fleet on the other.
Switzerland's economy continues to wrestle with deflation despite relatively sound macroeconomic fundamentals. In 2012 and 2013, Swiss consumer prices fell by 0.7% and 0.3% respectively. Assuming that international trade continues to improve and appreciatory pressures on the franc ease off,Â BMI's Country Risk team holds a view that deflation will run into inflation by the end of 2016.
The expected growth of Switzerland's ageing population over the next 50 years will have an unprecedented impact on the...
Switzerland Medical Devices
BMI Industry View: The Swiss medical device market is expected to grow by a CAGR of 1.4 % over the 2013-2018 period, with other medical devices and orthopaedics & prosthetics expected to have the highest growth during this 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 2013, the Swiss medical device market was estimated at US$3,554.1mn, or US$440 per capita. The total market is twice the size of...
Pharmaceuticals & Healthcare
Switzerland Pharmaceuticals & Healthcare
BMI View: The Swiss government will need to develop policies to maintain the country's long-term attractiveness as a site for clinical trials, especially as we expect cost of conducting clinical research to rise. The drivers of increased attractiveness of non-traditional locations for clinical studies include improving healthcare infrastructure, more and better trained medical professionals, and a growing requirement for local studies in the pharmaceutical approval process. We foresee a continuing shift in weighting towards emerging markets, especially for Phase III trials, while early-stage research is likely to remain in developed states.
Headline Expenditure Projections
Pharmaceuticals: CHF7.06bn (USD7.68bn) in 2013 to CHF7.02bn (USD7.34bn) in 2014; -0.66% in local currency terms and -4.4% in US dollar terms...
BMI View: Â Growth opportunities are limited in Switzerland as a result of market maturity, however Switzerland's high per capita incomes and strong demand from the local population for the latest technologies means it continues to be one of the most lucrative markets in Europe. There has been large investment made by operators in infrastructure, with the incumbent Swisscom investing Â aggressively in fibre and LTE s in ce 2012. The competition has also been investing in LTE, with all three mobile network operators offering commercial services since June 2013. High capital expenditure into new...